729 Freeman Avenue Long Beach, CA $ 1,850,000
729 Freeman Avenue
$ 1,850,000
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729 Freeman Avenue

Long Beach, CA, 90804
$ 1,850,000
Baths1.0 Sq 5,319

Monthly Estimate*

$ 11,681

Listed by Marcus & Millichap RE Invest
729 Freeman Avenue, Long Beach, CA 90804 - Image 1
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729 Freeman Avenue, Long Beach, CA 90804 - Image 10
729 Freeman Avenue, Long Beach, CA 90804 - Image 11
Studio

Multi-Family Home for sale in Long Beach, CA

for $1,850,000 with 1 full bath. This 5,319 square foot home was built in 1978 on a lot size of 0.15.

729 Freeman Avenue is a 6-unit multifamily investment opportunity located in Long Beach, California. Constructed in 1978, the property features approximately 5,319 net rentable square feet situated on a 0.15-acre parcel. The property features a desirable unit mix of 2 one-bed/one-bath units, 3 two-bed/one-bath units, and 1 three-bed/two-bath unit. Community amenities include gated access, security doors, an on-site laundry facility, and six garage parking spaces, two of which offer direct access. Additionally, unit amenities feature private patios and private balconies. 729 Freeman Avenue offers investors the opportunity to acquire a well-maintained multifamily asset with a strong, diversified unit mix and premium parking accommodations. Situated in the desirable Eastside Long Beach neighborhood near Rose Park, the property boasts an excellent location just a short distance from the coast and Downtown Long Beach. Residents benefit from close proximity to major educational hubs, including California State University, Long Beach (CSULB) and Long Beach City College, as well as convenient access to vibrant local retail, dining, and entertainment options. This strategic, highly walkable location positions 729 Freeman Avenue as a highly attractive asset in a strong coastal rental market.

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.15

Year Built

1978

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

OC26180182

Days on Market

8

Features
General
Sewer Public Sewer
HOA Fee 0
Garage Spaces 6
Pool Features None
Year Built 1978
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 153552
Community Features Curbs Gutter(s) Street Lights Sidewalks
County Los Angeles
Net Operating Income 101882
Operating Expense 47119
Insurance Expense 5000
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 4800
Subdivision Name Eastside (ES)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Cross Streets of Freeman Avenue & East 7th Street
City Long Beach
Entry Location First level
Senior Community Y/N false
Number Of Units Total 6
MLS Area 3 - Eastside Circle Area
Lot Size Units Acres
Lot Size Square Feet 6534
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 1434
Fuel Expense 1434
Trash Expense 1434
Water Sewer Expense 1434
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 8
Property Sub Type Additional Apartment
Taxes 23478
Cap Rate 5.51
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Interior
Total Stories 2
Common Walls No Common Walls
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features Street Level
Water Source Public
Total Parking 6
Lot Size Area 0.15
Number of Buildings 1
Building Area Total 5319
Lot Size Acres 0.15
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
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* Excluded Features
List By
Marcus & Millichap Re Invest

Broker

tleeson@marcusmillichap.com

Email

Affordability Calculator

$11,681
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,681
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/17/2026$1,850,000 Listed Price

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729 Freeman Avenue, Long Beach, CA, 90804 is a Multi-Family Home for sale at $1,850,000 with 5,319 sqft and a lot size of 0.15. 729 Freeman Avenue is a studio with 1.0 baths and was built in 1978. The property's zip code is 90804 which is in Long Beach, CA