404 E Freeland
Long Beach, CA 90807
8
Bed
4
Bath
9,503Sqft(Lot)
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 a
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: ShingleLaundry Features: CommonArea -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace
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Building Information
Year Built: 1945Building Area Total: 3256Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 9503 Lot Size Acres: 0.2182 Lot Size Source: Assessor Lot Size Square Feet: 9,503 Lot Description: SixteenToTwentyUnitsAcre,FrontYard,Landscaped,NearPublicTransit,StreetLevelProperty Information
Subdivision: Bixby Knolls (BK) Source Property Type: ResidentialIncome Property SubType: Quadruplex Levels: Two Property Age: 81
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Listing Price Information
Listing Price: $1450000Cash, CashToNewLoan, Conventional
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Tax Information
Parcel Number: 7134017007 Tax Lot: 31
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Virtual Tour
Parking Information
Parking Total: 11 Assigned, DoorSingle, Driveway, Garage, OnSite, PavedGarage Information
Has Garage: Yes Garage Space: 4
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Utility Information
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected -
Location Information
Direction: East San Antonio & Elm WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1800 E Hardwick, Long Beach, CA, 90807 | $1,175,000 | 4 | 3 | 1,957 | 6,614 Sq. Ft |
| 3581 Cherry, Long Beach, CA, 90807 | $950,000 | 4 | 2 | -- | 5,503 Sq. Ft |
| 4333 Maury Ave, Long Beach, CA, 90807 | $1,149,000 | 4 | 2 | -- | 7,838 Sq. Ft |
| 3511 Rose, Long Beach, CA, 90807 | $1,695,000 | 6 | 4 | -- | 5,839 Sq. Ft |
| 3562 Orange, Long Beach, CA, 90807 | $949,999 | 2 | 2 | 1,400 | 6,381 Sq. Ft |
| 3633 Lime, Long Beach, CA, 90807 | $1,450,000 | 4 | 4 | -- | 7,088 Sq. Ft |
| 3622 Pacific, Long Beach, CA, 90807 | $1,465,000 | 6 | 5 | -- | 9,163 Sq. Ft |
| 200 W 37th, Long Beach, CA, 90807 | $950,000 | 4 | 4 | -- | 6,148 Sq. Ft |
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ByOwner last updated this listing 10/03/2026 @ 12:39
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