Listed by Cameron Samimi, Lyon Stahl Investment Real Estate, Inc., (310) 425-9838 . Bought with Lyon Stahl Investment Real Estate, Inc.
1133 Freeman Ave
Long Beach, CA 90804
East Side- 24 Beds
- 20 Baths
- 10,746 sqft (on 0.29 acres)
24 Beds
20 Baths
10,746 sqft
(on 0.29 acres)
Home Value
Trulia Estimate
$2.71MSince last month
Decreased$93K (-3.3%)Since last year
Decreased$701K (-20.6%)Since last sale
Decreased$790K (-22.6%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value decreased by -23% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $2.71M |
| July 2026 | $2.8M |
| June 2026 | $3.17M |
| May 2026 | $3.46M |
| March 2026 | $3.41M |
| February 2026 | $3.41M |
| January 2026 | $3.38M |
2025 | |
2024 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.34 | Multi-Family Home | $1,900,000 | 01/14/26 | 21 | 13 | 6,816 | |
0.52 | Multi-Family Home | $2,035,000 | 11/05/25 | 24 | 17 | 9,358 | |
0.82 | Multi-Family Home | $3,049,000 | 06/10/26 | 22 | 14 | 10,253 | |
0.34 | Multi-Family Home | $2,275,000 | 06/30/26 | 16 | 16 | 6,240 | |
0.96 | Multi-Family Home | $3,060,000 | 12/01/25 | 21 | 19 | 10,171 | |
0.57 | Multi-Family Home | $2,900,000 | 04/01/26 | 17 | 17 | 6,805 | |
0.91 | Multi-Family Home | $3,700,000 | 10/16/25 | 32 | 22 | 14,842 | |
0.72 | Multi-Family Home | $4,300,000 | 10/15/25 | 28 | 26 | 15,328 | |
0.40 | Multi-Family Home | $2,150,000 | 04/28/26 | 17 | 9 | 7,597 | |
0.40 | Multi-Family Home | $2,030,000 | 12/19/25 | 18 | 10 | 6,810 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.06 | $417,700 | 1 | 1 | 649 | Off Market | |
0.09 | $1,400,000 | 9 | 7 | 4,610 | Recently Sold | |
0.06 | $487,900 | 2 | 2 | 944 | Off Market | |
0.06 | $407,000 | 1 | 1 | 600 | Recently Sold | |
0.09 | $897,800 | 2 | 2 | 1,251 | Off Market | |
0.10 | $1,115,000 | 5 | 4 | 2,044 | Recently Sold | |
0.07 | $490,000 | 2 | 2 | 930 | Recently Sold | |
0.07 | $475,000 | 2 | 2 | 940 | Recently Sold | |
0.07 | $511,000 | 2 | 2 | 844 | Off Market | |
0.07 | $473,500 | 2 | 2 | 905 | Off Market | |
0.07 | $655,600 | 3 | 2 | 1,267 | Off Market |
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1971
Lot Size
0.29 acres
Living Area
10,746 sqft
Price/Sqft
$252
Parking
Garage
About this House
6.18% CAP RATE! Newer 1971 build. This 16 unit Pride of Ownership
asset is located in the highly coveted eastside of Long Beach.
Property not only is being offered at an amazing 6.18% cap rate
and a 10.5 GRM, but also comes with 9 Garages and 10 additional
exterior parking spaces for a total of 19 parking.
1133 Freeman has a very desirable unit mx consisting of (6)
2Bed+1Bath, (8) 1Bed+1Bath and (2) Studio+1Bath units. An
additional four 2 bedroom and 2 bathroom ADU's can be built in
the garages for approximately $600K while still maintaining 16
exterior parking spaces on the site. The 4 additional ADU's will
bring in $2600 a month each or $124,800 annually for a value of a
4.8 GRM or a 20% return annually.
The tax accessor has allocated 81% of the assets value to the
improvements giving a buyer a significant depreciation schedule
(Most buildings are 50/50). This will be a further help for a buyer
as they can currently collect 60% bonus depreciation and likely
100% retroactively if the current tax relief bill gets finalized on the
senate floor.
All units are separately metered for gas and electric and property
is impeccably maintained. This property has the best current cap
rate, price per foot, price per door GRM combo available on the
market. With upside to over a 10.5% CAP rate this property truly is
the best building you can buy right now and is perfect for any type
of investor.
CALL FOR OFFERS 8/14 5pm
All offers will have a chance to tour the asset the week of August
5th.
asset is located in the highly coveted eastside of Long Beach.
Property not only is being offered at an amazing 6.18% cap rate
and a 10.5 GRM, but also comes with 9 Garages and 10 additional
exterior parking spaces for a total of 19 parking.
1133 Freeman has a very desirable unit mx consisting of (6)
2Bed+1Bath, (8) 1Bed+1Bath and (2) Studio+1Bath units. An
additional four 2 bedroom and 2 bathroom ADU's can be built in
the garages for approximately $600K while still maintaining 16
exterior parking spaces on the site. The 4 additional ADU's will
bring in $2600 a month each or $124,800 annually for a value of a
4.8 GRM or a 20% return annually.
The tax accessor has allocated 81% of the assets value to the
improvements giving a buyer a significant depreciation schedule
(Most buildings are 50/50). This will be a further help for a buyer
as they can currently collect 60% bonus depreciation and likely
100% retroactively if the current tax relief bill gets finalized on the
senate floor.
All units are separately metered for gas and electric and property
is impeccably maintained. This property has the best current cap
rate, price per foot, price per door GRM combo available on the
market. With upside to over a 10.5% CAP rate this property truly is
the best building you can buy right now and is perfect for any type
of investor.
CALL FOR OFFERS 8/14 5pm
All offers will have a chance to tour the asset the week of August
5th.
1133 Freeman Ave, Long Beach, CA 90804 is a 24 bedroom, 20 bathroom, 10,746 sqft multi-family in East Side, built in 1971. It last sold for $3,500,000 on Dec 2, 2024 (6% above the $3,300,000 asking price). It is currently off market. The Trulia Estimate is $2,710,200, with a rent estimate of $3,802/month.
Home Details for 1133 Freeman Ave
|
|---|
Beds & Baths Number of Bedrooms: 24Number of Bathrooms: 20 |
Appliances & Utilities Laundry: Inside |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Number of Stories: 2Entry Location: Front |
|
|---|
Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 9Number of Covered Spaces: 9Has a GarageParking Spaces: 9Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
|
|---|
Cumulative Days on Market: 16 |
|
|---|
Year Built Year Built: 1971 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 7259018026 |
|
|---|
Price List Price: $3,300,000 |
Status Change & Dates Off Market Date: Mon Dec 02 2024 |
|
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MLS Status: Closed |
|
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Direction & Address City: Long Beach |
|
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Building Area Building Area: 10746 Square Feet |
|
|---|
Community Features: UrbanNot Senior Community |
|
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Association for this Listing: California Regional MLS |
|
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Lot Area: 0.29 acres |
|
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Special Conditions: Standard |
|
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Listing Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange |
|
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Has Rent Control |
|
|---|
Mls Number: SB24158172Living Area Range Units: Square FeetAttribution Contact: 310-259-7556Activation Date: Mon Aug 05 2024Common Interest: Community ApartmentStart Showing Date: Mon Aug 05 2024Universal Property Id: US-06037-N-7259018026-R-N |
|
|---|
Urban |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Dec 2, 2024 Source: CRMLS #SB24158172 | Sold | $3,500,000 |
Aug 21, 2024 Source: CRMLS #SB24158172 | Contingent | $3,300,000 |
Aug 5, 2024 Source: CRMLS #SB24158172 | Listed For Sale | $3,300,000 |
Market trends in Long Beach
Last updated July 2026
Avg. sale price
$818K
$12.5KMoM
Sale-to-List Price
100.0%
Price per sq ft
$646
$17MoM
Available listings
797
3MoM
Around this home
What Locals Say about East Side
At least 241 Trulia users voted on each feature.
95 % Say there are sidewalks
93 % Say it's dog friendly
81 % Say it's walkable to restaurants
74 % Say car is needed
72 % Say it's walkable to grocery stores
65 % Say streets are well-lit
57 % Say there's holiday spirit
54 % Say people would walk alone at night
52 % Say neighbors are friendly
52 % Say yards are well-kept
50 % Say they plan to stay for at least 5 years
49 % Say kids play outside
48 % Say there's wildlife
38 % Say it's quiet
30 % Say parking is easy
18 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-22 15:07:34 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-22 15:07:34 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Frequently asked questions about 1133 Freeman Ave
- What is 1133 Freeman Ave estimated to be worth?Trulia's estimated value for 1133 Freeman Ave in Long Beach, CA is $2,710,200.
- What is the price history for 1133 Freeman Ave?1133 Freeman Ave in Long Beach, CA last sold for $3,500,000 in December 2024.
- Is Long Beach a buyer's or seller's market?Long Beach is currently a seller's market, based on recent for-sale activity.
- What's the median sale price in Long Beach?The median sale price in Long Beach is $818K. That is up $12.5K from the prior month.
- Does 1133 Freeman Ave have laundry facilities?Yes, 1133 Freeman Ave in Long Beach, CA has laundry facilities.