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Key Details
Sold Price $1,225,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Bixby Knolls (Bk)
MLS Listing ID SB19215024
Sold Date 11/13/19
HOA Y/N No
Year Built 1945
Lot Size 9,583 Sqft
Property Description
We are proud to present 404 E Freeland St located in Long Beach in Bixby Knolls. This 4-unit features (4) 2-Bedroom/1-Bath modern units for a total living area of 3,256 Sqft and (4) car garage spaces with an additional 7 on-site parking. This property features a 400-amp electrical service box that has been newly installed. Water heaters have been upgraded to tankless and are plumbed into the unit. Original heaters in each unit were upgraded to high-efficiency direct vent heaters. The original roof has been stripped and replaced with 40-year shingles to both building and garage. In addition, each unit has newly installed garbage disposals. All windows have been replaced with dual pane energy-efficient windows. All tenants have access to shared laundry. This property has been owned by the same owner since 1948. Over the past few years, Bixby Knolls has seen a huge amount of changes attracting businesses and people from all over. Bixby Knolls offers residents access to popular destinations such as Steelcraft, Bake and Broil and has recently attracted multiple brewers including Liberation Brew Co., Smog City Brewing, and Dutches Brewhouse to name a few. This property is an incredible opportunity for an investor and/or own-user to own a trophy property in an area that is rapidly growing, with upward potential in the current rents.
Location
State CA
County Los Angeles
Area 6 - Bixby, Bixby Knolls, Los Cerritos
Zoning LBR3S
Interior
Fireplace No
Laundry Common Area, Stacked
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Suburban, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7134017007
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Andrew McAllister • Nationwide Real Estate Execs
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High State Realty
BROKER, OWNER | License ID: 02181686
BROKER, OWNER License ID: 02181686