310 W 14th Street, Long Beach, CA 90813

About this property

310 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.

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$1,192,500

Sold December 2023 · listed $1,230,000, orig. $1,275,000, on market July 2023 · MLS #PW23134855 · Source: CRMLS

Listing Agent: Robert Stepp · Listing Office: Keller Williams - Santa Monica · Contact: 310-463-2916 · Bought with: Lawrence Cech · Keller Williams Coastal Prop.

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