2245 E 14TH Street

    Long Beach, CA 90804
    • $850,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 19498196
    UPDATED: 81 min ago
    $850,000
    • 5
      BEDS
    • 0.15
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,750
      SQFT
    • $486
      $/SQFT
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Pleased to present the sale 2245 E. 14th Street, a recently renovated two-on-a-lot Duplex in prime Long Beach. Live in one & rent the other to off-set your monthly payments. Perfect for a family wanting to take advantage of today's low interests rates while building equity and receiving rent, or an investor looking to add turn-key units w/substantial rental upside in a high-demand area. This property has gone under extensive renovation that includes but not limited to upgraded kitchens, bathrooms, flooring, interior/exterior paint, windows, electrical, and plumbing. Unit mix is comprised of one 3-bedroom, and one 2-bedroom. This offering presents a rare opportunity to purchase a property not subject to the constraints of Rent Control, with rents that are still far below market levels, while being able to benefit from a renovation program already in place.

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    Based on information from CARETS as of 2019-09-18T14:49:15.633. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/97794975

    2245 E 14TH Street Long Beach, CA 90804

    • Price: $850,000
    • Status: Active
    • Updated: 81 min ago
    • ID#: 19498196
    5
    Beds
    2
    Baths
    0
    ½ Baths
    0.15
    Acres
    1,750
    SQFT
    $486
    $/SQFT
    1920
    Built
    Neighborhood:
    Eastside, Circle Area (3)
    County:
    Los Angeles
    Area:
    Eastside, Circle Area (3)
    Property Description
    Pleased to present the sale 2245 E. 14th Street, a recently renovated two-on-a-lot Duplex in prime Long Beach. Live in one & rent the other to off-set your monthly payments. Perfect for a family wanting to take advantage of today's low interests rates while building equity and receiving rent, or an investor looking to add turn-key units w/substantial rental upside in a high-demand area. This property has gone under extensive renovation that includes but not limited to upgraded kitchens, bathrooms, flooring, interior/exterior paint, windows, electrical, and plumbing. Unit mix is comprised of one 3-bedroom, and one 2-bedroom. This offering presents a rare opportunity to purchase a property not subject to the constraints of Rent Control, with rents that are still far below market levels, while being able to benefit from a renovation program already in place.
    Exterior Features

    Parking Features Auto Driveway GateBuilt-In StorageControlled EntranceDrivewayDriveway GatePrivate Garage Parking Spaces Total 6 Parking Type Garage Is DetachedGarage - Two DoorParking For Guests

    Interior Features

    Appliances FreezerGarbage DisposalGas Dryer HookupGas Or Electric Dryer HookupIce MakerRefrigeratorVented Exhaust Fan Cooking Appliances Built-InsRange HoodRange Cooling Type Wall Unit(S)Ceiling Fan(S) Heating Type Wall Heater Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 2.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 3 Unit Number Of Bed02 2

    Property Features

    Adjusted Gross Income 66000.00 Assessed Improvement Value 17929.00 Assessed Land Value 23638.00 Cap Rate 5.81 Country United States Of America Expense Total Annual 16605.00 Gross Operating Income 66000.00 Gross Rent Multiplier 12.88 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 49395.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Other Unit Monthly Rent01 2400.00 Unit Monthly Rent02 0.00 Unit Projected Total Monthly Rent01 36000.00 Unit Projected Total Monthly Rent02 30000.00 Unit Total Monthly Rent01 28800.00 Unit Total Monthly Rent02 0.00 Unit Type01 1 Unit Type02 1 Units Total In Complex 2 Zoning Lbr2n

    Listing provided courtesy of Brian Branand DRE#01803629 of Brian Ross Brandt Branand.


    Based on information from CARETS as of 2019-09-18T14:49:15.633. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361