Last Updated: 1/16/2018 1:35 PM
Back on Market, Buyer fell out of escrow. The Freeman Apartments is a Six-Unit complex located in the Rose Park area of Long Beach, CA and is NOT subject to rent control. This is a value add investment opportunity, as current ownership renovated Two out of the Six units, but rents are still below market. There are (2) on-site garages and the unit mix is comprised of (1) large 2 Bed / 1 Bath, (5) 1 Bed / 1 Bath units. A new investor can realize a significant upside in rents by renovating the remaining Four units and updating the exterior of the building. Great Rose Park location with a Walk Score of 86.
3,502 sq. ft
Yes - 2 spaces
Detailed Room Information
- Wall Unit.
- Guest Facilities
Exterior / Lot Features
- 2 Garage Spaces. 2 Parking Spaces.
- Composition, Shingle
- Additional Exterior/Lot Features
- Gutters, Sidewalks. Curbs Walk, Urban, Storm drains.
$104,700 Income ,$29,677Expense