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Listing 15 out of 39
$900,000 For Sale

2245 E 14th Street
Long Beach, CA 90804

2 units | Multi Family Home
6495 sq ft - MLS# 19452864
Property Photo
1/52

Description

The property consists of two Spanish single-family homes on a large 6,496 SF lot that is securely gated. The front house has 3 bedrooms, 1 bathroom and a detached 2-car garage, and the rear house offers 2 bedrooms, 1 bathroom, with its own private rear access, ample dedicated parking, and its own private yard. The property's original Spanish character has been preserved throughout meticulous renovations w/ fine detail. Market rent in excess of $5,500 w/ modern finishes throughout both homes, & all rent without the limitations of rent-control in city of Long Beach. Houses are separately metered for all utilities, & both feature in-unit laundry. 2245 E. 14th Street is located conveniently near the 710 & 405 freeways, making it a great commuter option. Additionally, the property is located south of Pacific Coast Hwy, less than 10mins from the beach. With a highly desirable unit mix and great coastal location, 2245 E 14th Street presents an excellent investment & owner/user opportunity

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90804
  • Year Built: 1920
  • Style: Spanish
  • Units: 2 units
  • Lot Size: 6495 sq ft
  • Zoning: LBR2N
  • Area: 3 - Eastside, Circle Area
  • Appliances: Disposal, Ice Maker, Freezer, Refrigerator, Vented Exhaust Fan
  • Appliances YN: Yes
  • Building Area Total: 1750.00
  • Cap Rate: 5.40
  • Directions: GPS
  • Gross Multiplier: 13.60
  • Gross Operating Income: 66000.00
  • Improvements Amount: 17929
  • Land Value: 23638
  • Laundry Features: Gas Dryer Hookup, Gas & Electric Dryer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01803629
  • Listing Office License: 01803629
  • Lot Size Area: 6496.0000
  • Lot Size Units: Square Feet
  • MLS: CL
  • Net Operating Income: 48770.00
  • Number Of Buildings: 2
  • Parking Features: Gated, Guest, Controlled Entrance, Garage - Two Door, Converted Garage, Built-In Storage, Auto Driveway Gate
  • Parking YN: Yes
  • Stories Total: 1
  • Total Expenses: 15250.00
Courtesy of Brian Ross Brandt Branand, Brian Branand

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Barbara Dobias
Robin GrayBarbara Dobias
Berkshire Hathaway HomeServices
California Properties

Seal Beach, CA 90740

562-754-5628
Contact Us
  BRE #01027333 & BRE #00887640 

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Robin Gray & Barbara Dobias | 562-754-5628 | Contact Us
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