USACALong BeachBixby Knolls (Bk)404 E Freeland St
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$1,450,000

Other

15 days ago

404 E Freeland St, Long Beach, CA

House

MLS® RS26207276

0 Bed

0 Bath

--

11 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 15
Lot Size 0.2182 Acres
Approx. Age 1945
MLS® Number RS26207276

Property Address: 404 E Freeland St, Long Beach, CA, 90807-2135

Average square foot calculated using Size range provided by listing agent.

Description

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 approval. Separately metered gas and electricity, on-site laundry, and proximity to Atlantic Avenue dining, shopping, and the 405/710 freeways round out the offering.
MLS® NumberRS26207276
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1945
Basement
DrivewayAssigned, Door Single, Driveway, Garage, On Site, Paved
Garage Spaces
HeatWall Furnace
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Sep 22, 2026List Date
$1,450,000List Price
  • Commute

Commute

Starting Address
Destination Address
404 E Freeland St, Long Beach, CA

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Andrew McAllister

Listing Agent

Andrew McAllister

[email protected]
(925) 683-9203
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