Seller's Agent in 2023
Robert Stepp
Keller Williams Realty Downey
(310) 804-5079
1 in this area
73 Total Sales
310 W 14th St Long Beach, CA 90813
Washington School Neighborhood
6
Beds
4
Baths
4,584
Sq Ft
7,383
Sq Ft Lot
About This Home
As of December 2023310 W. 14th Street is a 6-unit multifamily asset in Long Beach, California. The property is comprised of one (1) 2BD / 1BA house; one (1) 1BD/1BA house; three (3) 2BD/1BA units; and one (1) 1BD / 1BA unit. The property is located on a corner lot and offers onsite laundry facilities for residents. There is a single-car garage that provides storage income currently, and has the potential to be converted to an ADU for additional rental income. Priced at only $268 per square foot and $205,000 per unit, 310 W. 14th Street provides a new investor with a value-add opportunity with over 55% in rental upside. A new owner can realize 9.40 GRM and 7.16% cap rate at market rents.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1912
Lot Details
- 7,383 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 1 Car Garage
Home Design
- Apartment
Interior Spaces
- 4,584 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Legal Lot and Block 1 / 1
- Tax Tract Number 2
- Assessor Parcel Number 7269042015
- $1,203 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $625
- Fuel Expense $625
- Gardener Expense $1,200
- Insurance Expense $4,800
- Maintenance Expense $4,200
- Other Expense $1,800
- Pest Control $900
- Professional Management Expense $4,359
- Trash Expense $625
- Water Sewer Expense $625
- New Taxes Expense $16,126
- Operating Expense $36,885
- Gross Income $87,184
- Net Operating Income $50,298
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/28/2023 12/28/23 | Sold | $1,192,500 | -3.0% | $260 / Sq Ft |
| 09/14/2023 09/14/23 | Pending | -- | -- | -- |
| 08/18/2023 08/18/23 | Price Changed | $1,230,000 | -3.5% | $268 / Sq Ft |
| 07/21/2023 07/21/23 | For Sale | $1,275,000 | -- | $278 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Robert Stepp
-
Lawrence Cech
L
Buyer's Agent in 2023
Lawrence Cech
Keller Williams Coastal Prop.
(215) 519-8300
1 in this area
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23134855
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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