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  • 404 E Freeland

404 E Freeland, Long Beach, CA 90807

$1,450,000 Approx. USD 0 beds, 0 baths

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Photo of David Browning

David Browning REALTOR® - Sales Associate 714-514-1495 m
949-499-5900 o
Lic#: 02093294
NRDS ID: 172507361
DavidBrowning@bhhscal.com Text Me
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Lic#: 02093294
NRDS ID: 172507361
DavidBrowning@bhhscal.com Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
Phone: 949-499-5900
Fax: 949-499-1414
 Laguna Beach 30812 South Coast Hwy
Laguna Beach, CA 92651
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Listing Agent


Andrew McAllister | drew@nrecommercial.com
Lic#: 01946829
Broker: Courtesy of eXp Realty of Greater L.A
Phone: 562-528-8105

Agent Remarks

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.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# RS26207276
Price: $1,450,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1945
2 stories
0.22 acres
Lot size: 0.2182
Subdivision: Bixby Knolls (BK)
County: Los Angeles
Parking description: Assigned,Door-Single,Driveway,Garage,On Site,Paved
Lot description: SixteenToTwentyUnitsAcre,Front Yard,Landscaped,Near Public Transit,Street Level
Heating description: Wall Furnace
MLS area: 6 - Bixby, Bixby Knolls, Los Cerritos

Last Updated: 9/23/2026

 Days On Market (DOM): 3

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This listing belongs to the 6 - Bixby, Bixby Knolls, Los Cerritos MLS area

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Lat/Long: 33.837069, -118.188061.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of David Browning

David Browning REALTOR® - Sales Associate 714-514-1495 m
949-499-5900 o
Lic#: 02093294
NRDS ID: 172507361
DavidBrowning@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 02093294
NRDS ID: 172507361
DavidBrowning@bhhscal.com
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30812 South Coast Hwy
Laguna Beach, CA 92651
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