387 Freeman Avenue

Long Beach, CA 90814

PRICE REDUCED

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-$205,000 (-12.81%)

$1,395,000

List Price

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bed Beds

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shower Baths

N/A sqft

straighten / sqft

1923

calendar_month 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.

Listing Information

List Price $1,395,000
Status Active
MLS PW24106426
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1923
Lot Size 6,502
Structure Size N/A
DOM 156
Courtesy Of Pabst, Kinney & Associates
Listing Agent Mark Kachigan DRE#00644779

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Mark Kachigan, Pabst, Kinney & Associates . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 4:51 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.