Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
3,256 sqft

$1,450,000

404 E Freeland, Long Beach CA, 90807

Price per sqft$445.33
Built in1945
Property size3,256 sqft
Property typeMulti-family
Listed by Andrew McAllister CA DRE# 01946829 with eXp Realty of Greater L.A 925-683-9203

Overview

Under contract

Active Under Contract

Listed Sep 22, 2026

Updated 2 weeks ago

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.

$9,647/mo

Est. mortgage payment based on a $1,450,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
RS26207276

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.22 Acres

Other Property Details

Maintenance Expense
$3,000
Garage
Yes
55+/Senior Community
No
MLS provider logo

Listed by Andrew McAllister CA DRE# 01946829 with eXp Realty of Greater L.A 925-683-9203

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/5/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/5/2026 at 3:54 AM UTC Last Checked: 3:54 AM UTC

 

 

Powered by Luxury Presence