Homes for sale - 387 Freeman AVE, Long Beach, CA 90814

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Max Lindenberger

max.lindenberger@engelvoelkers.com

$ 1,395,000

Est. payment -/mo

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Active Under Contract

387 Freeman AVE Long Beach, CA 90814

6,503 Sqft Lot

UPDATED:

11/13/2024 06:32 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID PW24106426

HOA Y/N No

Year Built 1923

Lot Size 6,503 Sqft

Lot Dimensions Assessor

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 2 - Belmont Heights, Alamitos Heights

Zoning LBR2A

Interior

Cooling None

Fireplace No

Laundry Common Area

Exterior

Garage Driveway

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 4

Private Pool No

Building

Lot Description Near Public Transit, Street Level, Walkstreet

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Spanish

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7257011016

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Trust

Listed by Mark Kachigan • Pabst, Kinney & Associates • 562-225-4848

Max Lindenberger

Advisor | License ID: 02073155

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