242 W 14th Street, Long Beach, CA 90813

$1,199,500
List Price
$1,199,500
Status
ACTIVE
MLS#
SB18163391
Year Built
1922
Lot Size
5,667
Lot Location
Lot Shape-Rectangular, Near Public Transit
Days on Market
18
Property Type
Multifamily
Neighborhood
Other (Othr)

Property Description

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 13.47 GRM and a 4.3% Cap Rate on current rents with approx. 10% upside for new owner.

Additional Information

Tract Number
2
Lot Description
Urban
Pool Description
None
Water
Public
Attached Structure
Attached

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of John Alden from Buckingham Investments, Inc

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.