Back on Market, Buyer fell out of escrow. The Freeman Apartments is a Six-Unit complex located in the Rose Park area of Long Beach, CA and is NOT subject to rent control. This is a value add investment opportunity, as current ownership renovated Two out of the Six units, but rents are still below market. There are (2) on-site garages and the unit mix is comprised of (1) large 2 Bed / 1 Bath, (5) 1 Bed / 1 Bath units. A new investor can realize a significant upside in rents by renovating the remaining Four units and updating the exterior of the building. Great Rose Park location with a Walk Score of 86.
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Data Provided by:
California Regional Multiple Listing Service