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387 Freeman AVE Long Beach, CA 90814
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Key Details
Sold Price $1,300,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW24106426
Sold Date 11/22/24
Style Spanish,Bungalow
Originating Board California Regional MLS
Year Built 1923
Lot Size 6,502 Sqft
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
Interior
Cooling None
Laundry Community Facility
Exterior
Garage Other
Garage Spaces 4.0
Pool 31, None
View None
Roof Type Composition
Building
Lot Description Grade - Level
Foundation Raised
Water District - Public
Architectural Style Spanish, Bungalow
Others
Tax ID 7257011016
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Bought with David Goodwin