Long Beach, CA 90814,387 Freeman Avenue

$1,300,000

Est. payment /mo

$1,395,000

6.8%
Est.Price: ?

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387 Freeman Avenue Long Beach, CA 90814

4,066 SqFt

SOLD DATE : 11/22/2024

Key Details

Sold Price $1,300,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,066 sqft

Price per Sqft $319

MLS Listing ID CRPW24106426

Sold Date 11/22/24

HOA Y/N No

Year Built 1923

Lot Size 6,502 Sqft

Acres 0.15

Property Description

***Priced Reduced*** Prime Bluff Heights location. First time for sale in 30+ years! Front Craftsman duplex plus 4 units in rear of lot. Excellent low-vacancy rental area! Unit mix: 6-(1 Br's), 4-(Parking). The low rents make this an excellent $ opportunity to create add-on value! Tenants all pay their own gas and electric. There is a laundry room in the front house shared with the whole property. The front house is a duplex with a small one bedroom in front. It has new vinyl floors but is otherwise dated. The other unit back/front is a gorgeously renovated one bedroom with new kitchen , floors , vinyl windows , dishwasher and gets great light. Pictures of this unit included. Units are appx. 600 SF each. The back four units are large one bedrooms. They have nice sized living rooms and the kitchens are connected to small dining area. Units are appx. 720 SF each. There is a large basement (access from back) but it's unused. Owner may carry 1st TD with 50% down at 5.5% for 5 years.

Location

State CA

County Los Angeles

Area Listing

Zoning LBR2

Interior

Cooling None

Fireplace No

Laundry Community Facility

Exterior

View Y/N false

View None

Building

Lot Description Level, Other

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 7257011016

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Bridge MLS
Listed by Mark Kachigan • Pabst, Kinney & Associates
Bought with DavidGoodwin
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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