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Sold on 10/04/2024
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372 Freeman Ave, Long Beach, CA 90814

$4,795,000

Last sold 10/04/2024 after 73 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 372 Freeman Ave

Property type Multi-family
Neighborhood
Year built 1969
HOA fee $0/month
Lot size 0.3 Acre
Parking 14 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Kevin King
Listing Agent Contact: Kking@marcusmillichap.com
Listing Office - Marcus & Millichap
Source: CRMLS mls logo
MLS#PW24150865 • last updated 2 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.2985
Lot Size (SqFt) 13002
Year Built 1969
Interior
Laundry Community
Exterior
Building Area Square Feet, 11187
# Parking Spaces 14
# Garage Spaces 14
Lot Description 11-15 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer, Septic Type Unknown
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Sidewalks
Neighborhood Bluff Heights
Zoning LBR2A
Directions 3rd St. & Redondo Ave
APN 7257012027
Multifamily Details
Expense: Trash 2875
Laundry Income 3000
Operating Expense 113998
Cap Rate 5
Expense: Insurance 9600
Total Expenses 113998
Expense: Maintenance 9500
Expense: Water/ Sewer 2875
Gross Income 364856
Expense: Electric 2875
Gross Scheduled Income 352920
Expense: Fuel 2875
Expense: Gardener 3200
Rental est.: $1,757/month
Gross rent multiplier: 227.4
  • Oct 2024
    mls logo MLS # PW24150865
  • Oct 7, 2024 Sold
    $4,795,000
  • Oct 3, 2024 Pending
    —
  • Aug 26, 2024 Price Change
    $4,895,000 (-2.0%)
  • Jul 23, 2024 Listed
    $4,995,000 (+99.8%)
  • Oct 2024
    Public Records
  • Oct 4, 2024 Sold
    $4,795,000 (-2.0%)
  • Dec 2007
    Public Records
  • Dec 21, 2007 Sold
    $2,500,000 (+4.2%)
  • Sep 2005
    Public Records
  • Sep 20, 2005 Sold
    $2,400,000
  • Year Property taxes Tax assessment
  • 2024
    $42,812 +1.7%
    $3,220,399
  • 2023
    $42,082 +6.5%
    $3,220,399 +2.0%
  • 2022
    $39,516 +2.1%
    $3,157,274 +4.04%
  • 2021
    $38,694 +0.3%
    $3,034,714 +1.04%
  • 2020
    $38,592
    $3,003,608
  • 372 Freeman Ave
    $4.79M
  • Rose Park
    $456K -8% y/y
  • 90814
    $570K +2% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Mann Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/2026. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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