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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$1,299,000

Est. payment - /mo

7,496 Sqft Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Washington

MLS Listing ID PW26223046

HOA Y/N No

Year Built 1912

Lot Size 7,496 Sqft

Property Sub-Type Apartment

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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 1

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7269042015

Energy Description 625.0

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Christian Walsh Berkshire Hathaway HomeServices California Properties 949-677-3466, DRE #01804983

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310 W 14th ST Long Beach, CA 90813