387 Freeman AVE, Long Beach, CA 90814 – PW24106426

$1,300,000

$1,395,000

6.8%

Est.Price: ?

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Est. payment -/mo

6,503 Sqft Lot

SOLD DATE : 11/22/2024

Key Details

Sold Price $1,300,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID PW24106426

Sold Date 11/22/24

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

Financing Cash

Special Listing Condition Trust

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

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Listed by Mark Kachigan • Pabst, Kinney & Associates • 562-225-4848
Bought with David Goodwin • Fiv Realty Co

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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