Rent report generated Dec 3, 2024
The Rent Potential of
1133 Freeman Ave Long Beach, CA
is $29,860 – $36,360/mo.
Rent Advice
This multi-family property in Long Beach has 16 units, with a rent potential ranging from $29.9K to $36.4K monthly, based on comp data. The estimated payback period is favorable, given its attractive 6.18% CAP rate. Located in the Rose Park neighborhood, known for its urban appeal, the property includes 9 garages, enhancing rental appeal. Though rent control is applicable, its unit mix and potential for additional ADUs present unique opportunities.
To enhance rental value, consider updating interiors and adding modern amenities. Explore the feasibility of constructing the proposed additional units, which could yield substantial returns. If considering a sale, emphasize the property's strong CAP rate, parking amenities, and potential for expansion. Highlight its location in a vibrant neighborhood to attract prospective buyers or tenants.
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