242 W 14th Street, Long Beach, CA 90813

About this property

We are pleased to present 242 W. 14th Street Apartments, comprised of 6 large 1 Bed/1 Bath Units spread over 3 separate buildings. Located less than a mile from downtown Long Beach, between the Wilmore Historic Distric and Wrigley. Built in 1922, current owners have redone multiple units and completed additional exterior capital improvements to restore this property for new owners. A stable, income producing asset, this property is priced at 12.88 GRM and a 4.6% Cap Rate on current rents with approx. 10% upside for new owner.

Listing description from the November 2018 sale, as reported to CRMLS.

Sale history

$1,149,999

Sold November 2018 · orig. $1,199,500, on market July 2018 · MLS #SB18163391 · Source: CRMLS

Listing Agent: John Alden · Listing Office: Buckingham Investments, Inc · Contact: 310 982-7055 · Bought with: MARTIN STONE · BUCKINGHAM INVESTMENTS

$965,000

Sold December 2017 · listed $990,000, on market October 2017 · MLS #PW17227201 · Source: CRMLS

Listing Agent: Jon Kolsky · Listing Office: Jon Kolsky, Broker · Contact: 562-225-2296 · Bought with: John Alden · Buckingham Investments, Inc.

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