$1,192,500
$1,230,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
7,383 Sqft Lot
SOLD DATE : 12/28/2023
Key Details
Sold Price $1,192,500
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision ,Willmore
MLS Listing ID PW23134855
Sold Date 12/28/23
HOA Y/N No
Year Built 1912
Lot Size 7,383 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR4N
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
Total Parking Spaces 1
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269042015
Energy Description 625.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner May Carry
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner May Carry
Financing Cash to New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Lawrence Cech • Keller Williams Coastal Prop.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "