$982,000
$1,050,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
2751 14th ST Long Beach, CA 90804
Key Details
Sold Price $982,000
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25165993
Year Built 1952
Property Sub-Type Apartment
Property Description
We are proud to present a prime multifamily investment opportunity located in the heart of the vibrant Zaferia Design District. This well-positioned asset offers unbeatable access to local staples such as Joe Jost's, the Traffic Circle, Recreation Park, and more. The property features a desirable unit mix consisting of one spacious 2-bedroom/1-bath unit and four well-maintained 1-bedroom/1-bath units, appealing to a broad and stable tenant base. Financial performance is strong, with a current CAP rate of 5.37% and a 11.09 GRM—both projected to improve to a 6.36% CAP and 9.91 GRM following scheduled rent increases. With five dedicated parking spaces and an unbeatable location, this property offers a rare blend of consistent income, future upside, and long-term value in one of Long Beach's most dynamic neighborhoods.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Laundry Common Area
Exterior
Parking Features Uncovered
Pool None
Community Features Sidewalks, Urban
Building
Lot Description Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Prashant Sampat Pacific Avenue Realty