$1,300,000Sold Price
4,066 Sqft
6,502 Sqft

387 Freeman Avenue, Long Beach, CA 90814

  • Commercial Sale Property Type
  • 1923 Year Built
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.

Basic Details
Commercial Sale
Other
Sold
CRPW24106426
$1,395,000
None
167
4,066 Sqft
1923
6,502 Sqft
0.15 Acre
Closed
Features
: None
Public Sewer
: Community Facility
: Other, Level
: Other
: Other
Address Map
CA
Los Angeles
Long Beach
90814
Freeman Avenue
387
W119° 50' 38.5''
LBR2
South of 4th St. / West of Redo
Additional Info
Pabst, Kinney & Associates
Mark Kachigan
makachigan@aol.com
: Wood Siding, Stucco
Sold
Public
For Sale
Price History
11/22/2024
$1,300,000
05/29/2024
$1,600,000
$1,475,000
Additional Information
4066
Listing Information
2024-12-12T20:16:07Z
BayEast
Request Buyer Agent Tour

    Agent info
    Mallik Reddy Kesari
    Realty++
    Lakshmi Suneeta Chinta
    Realty++
    Srinivas Sanigepalli
    Realty++
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    Mallik@rRealtyplusplus.com (510) 299-6629