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404 Freeland, Long Beach, CA 90807

Long Beach
Local realty services provided by:CENTURY 21 Masters
404 Freeland,Long Beach, CA 90807
$1,450,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrew mcallister
Office: exp realty of greater l.a
MLS#:RS26207276
Source:MLSListings

Price summary

  • Price:$1,450,000

About this home

Fully leased Bixby Knolls fourplex with approximately 16% rental upside and potential to add up to four detached ADUs—a path to doubling the unit count. Situated on an approximately 9,498 SF lot, the property features four 2-bedroom, 1-bath units totaling approximately 3,256 SF, four detached garages, and seven surface parking spaces. All units were renovated in 2019 with mini-split heating and cooling and upgraded appliances. Current rents average approximately $2,457 per unit, with projected rents of $2,850 following light interior updates on turnover. Annual scheduled income totals approximately $127,718, including ancillary income, with projected income of $151,370 through rent growth and full garage and parking rentals. This supports a projected 7.27% cap rate at the $1,450,000 asking price, excluding any future ADU income. The rear garage footprint offers potential for up to four detached ADUs while retaining surface parking, subject to buyer verification and City...

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Home facts

  • Year built:1945
  • Listing ID #:RS26207276
  • Added:13 day(s) ago
  • Updated:October 06, 2026 at 04:30 PM

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Roof:Shingle
  • Year built:1945
  • Lot area:0.22 Acres
  • Lot Features:Level, Mid Block

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,450,000

Features and amenities

  • Laundry features:Laundry Area, Washer/Dryer - Leased

Parking

  • Parking description:Assigned Spaces, Common Garage, Garage, Other
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