Flip report generated Dec 3, 2024
The Flip Potential of
1133 Freeman Ave Long Beach, CA
is low.
Current Specs
Multi-Family
16 Units
0 Bed / 0 Bath
10,746 sqft
$307 per sqft
Estimated Value$3,300,000
Flip Advice
The property located at 1133 Freeman Ave in Long Beach is a multi-family unit with 16 apartments and significant parking options. Given its strategic location in the Rose Park neighborhood, which boasts a median listing price of $791K, the demand for rental space remains high. However, the property's current valuation at approximately $3.3M suggests a strong market position, yet may limit the potential for flipping, especially in a high-rent environment with existing tenant controls.
To enhance flip potential, consider optimizing the unit mix and exploring ADU additions, which could add considerable value. It's also advisable to focus on aesthetic upgrades and minor renovations that appeal to prospective buyers without extensive overhauls. Maintaining the property's well-kept status while modernizing aspects could attract higher offers, making it more appealing to both investors and homeowners looking for rental income.
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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.