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387 Freeman Avenue

Long Beach, CA 90814

– beds
– baths
– sqft
6,502 sqft lot
1923 build
– on site

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***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.

Listed By CRMLS_CA / Mark Kachigan / Pabst, Kinney & Associates / 562-225-4848

Last checked: Checking… • Last updated Dec 12, 2024 •

MLS# PW24106426 —

The Building

Year Built:

1923
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco, Wood Siding
Building Area Total:

4066.00
Building Area Units:

Square Feet
Total Number Of Units:

6
# of Buildings:

2
Architectural Style:

Bungalow, Spanish
Roof:

Composition
Foundation:

Raised
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

6
# of Separate Water Meters:

1
# of Separate Electric Meters:

6

Interior

Levels:

Two
Entry Location:

front
Laundry:

Community
Laundry:

1

Financial & Terms

Disclosures:

Historical

Location

Directions:

South of 4th St. / West of Redondo
Latitude:

33.77127700
Longitude:

-118.15598200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBR2A
Lot Features:

Level with Street, Near Public Transit, Walkstreet
Lot Size Area:

6502.0000
Lot Size Dimensions:

50 X 130
Lot Size Acres:

0.1493
Lot Size SqFt:

6502.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
View:

None
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5768.02
Tax Tract:

2348
Tax Lot:

15

The Listing

Special Listing Conditions:

Trust
Parcel Number:

7257011016

Heating & Cooling

Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Electricity - On Property
Water Source:

Public

The Community

Subdivision:

Belmont Heights (BH)
Subdivision:

Bluff Heights
Neighborhood:

Bluff Heights
Features:

Sidewalks
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Driveway
Parking Spaces:

4.00
Uncovered Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/22/24 Nov 22, 2024	Sold	CRMLS_CA	$1,300,000	-6.8%
11/13/24 Nov 13, 2024	Sold Subject To Contingencies	CRMLS_CA	$1,395,000
10/23/24 Oct 23, 2024	Price Changed	CRMLS_CA	$1,395,000	-5.4%

Multifamily Sold on 11/22/2024

$1,300,000

Listing provided by broker:

Mark Kachigan

Pabst, Kinney & Associates

562-225-4848

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Listing Courtesy of: CRMLS_CA and Pabst, Kinney & Associates. Based on information from California Regional Multiple Listing Service, Inc. as of 20:09 on Dec 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

387 Freeman Avenue

Long Beach, CA 90814