Long Beach, CA 90814 387 Freeman Avenue
$1,475,000
19 more
Presented By: Mark Kachigan with Pabst, Kinney & Associates; 562-225-4848
Beds • 6
Baths • 1
SQFT • 4,066
Home Details
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.
Presented By: Mark Kachigan with Pabst, Kinney & Associates; 562-225-4848
Interior Features for 387 Freeman Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 387 Freeman Avenue
Additional Parcels Y/NNo
Architectural StyleBungalow, Spanish
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
Construction MaterialsStucco, WoodSiding
CoolingNone
CountyLos Angeles
Current FinancingNone
Days on Market105
DirectionsSouth of 4th St. / West of Redondo
DisclosuresHistorical
ElectricElectricityOnProperty
Entry Locationfront
Garage Spaces0.0
Garage Y/NNo
Gross Income115500.0
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense3502.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6502.0
Lot Size UnitsSquareFeet
MLS Area2 - Belmont Heights, Alamitos Heights
MaintenanceExpense5305.0
MobileHomeRemainsYNNo
Net Operating Income71575.0
New ConstructionNo
NumberOfUnitsTotal6
Open Parking Spaces4.0
Operating Expense40425.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Stories2
Subdivision NameBelmont Heights (BH)
Tax Lot15
Tenant PaysElectricity, Gas
TermsCash, CashtoNewLoan
Total Actual Rent8900.0
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1923
Year Built SourceAssessor
ZoningLBR2A
Exterior for 387 Freeman Avenue
Building Area Total4066.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50 X 130
Lot FeaturesNearPublicTransit, StreetLevel, Walkstreet
Lot Size Acres0.1493
Lot Size Area6502.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDriveway
Pool Charge0.0
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480