$1,300,000
$1,395,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
387 Freeman AVE Long Beach, CA 90814
6,503 Sqft Lot
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
Parking Features 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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Bought with David Goodwin • Fiv Realty Co