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(833) HOME-661
Home661
310 W 14th Street, Long Beach, CA 90813
- $1,299,000
- List Price
- $1,299,000
- Status
- ACTIVE
- MLS#
- PW26223046
- Year Built
- 1912
- Lot Size
- 7,497
- Acres
- 0.17
- Lot Location
- Corner Lot
- Days on Market
- 2
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Washington
Property Description
Six units in three buildings with three separate addresses on an approximately 7,500 sq ft corner lot just north of Downtown Long Beach, across the street from 14th Street Park. Rents were reset in August 2026, bringing scheduled income to $115,492 per year: a 5.54% cap rate and 11.25 GRM at list price. The property offers a mix of one- and two-bedroom units, plus a rentable garage, storage rooms and on-site laundry. The garage also presents potential for conversion to an ADU, subject to buyer verification and city approval. The owner has kept reinvesting. All three buildings were repainted in 2025, the garage has a new door, one unit received new waterproof flooring and new windows, and another has a fully replaced shower and new flooring. Every unit has its own water heater, two of them recently replaced, and gas and electric are separately metered. Solid current income with room to grow, in a location close to Downtown. Offered in as-is condition.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $115,492
- Operating Expense
- 43576
Listing courtesy of Listing Agent: Christian Walsh (cw@wireassociates.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.
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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.