Rent report generated Dec 3, 2024
The Rent Potential of
1133 Freeman Ave Long Beach, CA
is $29,860 – $36,360/mo.
Multi-Family Homewith16 units.
Explore detailed rental comps for each of the available unit configurations:
Current Specs
1 Bed / 1 Bath
700 sqft
urban living
laundry room
separate meters
well-maintained
near beach
Rent Comps
$1,495
$1,895
$2,595
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
46 Listings
1-2 Bed / 1 Bath
450 - 1,002 sqft
Within 1.1 mi
Avg. Monthly Rent$2,204
High-end comps
These are the highest-priced comps in the market. They demonstrate the price range for renovated homes with new finishes and modern appliances.
10 Listings
1 Bed / 1 Bath
587.5 - 750 sqft
Within 1.0 mi
Avg. Monthly Rent$2,130
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.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.