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Backup Offers

387 Freeman Ave, Long Beach, CA, 90814

$1,395,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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387 Freeman Ave, Long Beach$1,395,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingDriveway
Year Built1923
CoolingNone
ViewNone
MLS #PW24106426
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 387 Freeman Ave

***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.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow, Spanish
  • Year Built: 1923
  • Stories: 2

Listing Office:

  • Office Name: Pabst, Kinney & Associates
  • Office Phone: (562) 225-4848
  • Listing Agent: Mark Kachigan

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Cooling: None

Other

Directions Information:

  • Directions: South of 4th St. / West of Redondo

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,395,000

Tax Information:

  • Annual Amount: $5,611
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$824.6K

Med. Price/SqFt

$633

Avg. Days On Market

34

# of Sold Homes

212

387 Freeman Ave vs Long Beach

171 DAYS ON ROCKET

+137 Days

$1,395,000

+$570.3K More

KEY TAKEAWAY

This property is $570.3K more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24106426

Listing Office:

  • Office Name: Pabst, Kinney & Associates
  • Office Phone: (562) 225-4848
  • Listing Agent: Mark Kachigan

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:21:08 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,611$382,788
2020$5,531$378,864
2019$5,332$371,436
2018$5,275$364,154
2017$5,275$357,015

History based on county public records data.

Payment Calculator

$7,030

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,249

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-378140
5
/10

  • Mann Elementary School

  • 257 Coronado Ave

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-378141
6
/10

  • Burbank Elementary School

  • 501 Junipero Ave

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-378142
5
/10

  • Willard Elementary School

  • 1055 Freeman Ave

  • 0.60 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,689. Most Long Beach, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 387 Freeman Ave

What is the listing price of this property?

The listing price of 387 Freeman Ave property is $1,395,000.

What type of property is this?

The property 387 Freeman Ave is a condo located in Long Beach, California, 90814.

Is this property for sale now?

Accepting Backup Offers: 387 Freeman Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,611 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 387 Freeman Ave is 1923.

Rocket Homes›California›Los Angeles County›Long Beach›90814›387 Freeman Ave

This home is located at 387 Freeman Ave in Long Beach, CA and zip code 90814 in the The Harbor neighborhood. This home, which was built in 1923, sits on a 0.15 acre lot. It has been listed on Rocket Homes since May 29, 2024 and is currently priced at $1,395,000.

In October 2024, from all listings sold in Long Beach, CA there were more than 94 sold above asking price, over 83 sold below and more than 35 were sold right at the asked price. In October 2024 in Long Beach, CA there were 0.1% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $824,667, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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