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Sold for $4,795,000
  • Listing Provided by: Marcus & Millichap
    Bought with: Buckingham Investments, Inc
    $4,795,000

    372 Freeman Ave, Long Beach, CA 90814

    20beds
    18baths
    11,187sqft
    Multi Family
    Built in 1969
    -- sqft lot
    $3,092,800 Zestimate®
    $429/sqft
    $2,924 Estimated rent

    Home value

    $3,092,800

    $2.51M - $3.87M

    $2,924/mo

    Zestimate® history
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    $2,924/mo

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    Rent Zestimate®

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    $30,913/mo

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    $30,913/mo

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    What's special

    We are pleased to present a 14-unit multifamily property. Built in 1969, the subject property consists of 11,187 rentable square feet spread throughout a 13,002 square foot lot. The building consists of ten 1-Bedroom / 1-Bathroom units, two 2-Bedroom / 2-Bathroom units, and two 3-Bedroom / 2-Bathroom units. It contains 14 garages providing ample on-site parking. Tenants enjoy living in the Bluff Heights Neighborhood East of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Kevin King DRE #01158184 kking@marcusmillichap.com,

    Marcus & Millichap

    Bought with:

    Anthony Walker, DRE #01908153

    Buckingham Investments, Inc

    Source: CRMLS,MLS#: PW24150865MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 20
    • Bathrooms: 18
    Heating
    • Radiant
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 11,187
    • Total interior livable area: 11,187 sqft

    Property

    Parking
    • Total spaces: 14
    • Parking features: Garage
    • Garage spaces: 14
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1st Floor
    • Pool features: None
    Lot
    • Size: 0.30 Acres
    • Features: 11-15 Units/Acre
    Details
    • Parcel number: 7257012027
    • Zoning: LBR2A
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1969

    Utilities & green energy

    • Sewer: Public Sewer, Septic Type Unknown
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks
    Location
    • Region: Long Beach

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange

    Price history

    DateEventPrice
    10/4/2024Sold$4,795,000-2%$429/sqft
    Source: CRMLS #PW24150865 Report a problem
    10/3/2024Pending sale$4,895,000$438/sqft
    Source: CRMLS #PW24150865 Report a problem
    8/26/2024Price change$4,895,000-2%$438/sqft
    Source: CRMLS #PW24150865 Report a problem
    7/23/2024Listed for sale$4,995,000$447/sqft
    Source: CRMLS #PW24150865 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Bluff Heights

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,092,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,092,800