Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

6

Building size

4,584 sqft

Lot size

7,497 sqft

Year built

1912

Stories

2

Garage spaces

1

Pool

None

Status

Active

Days on market

0

MLS #

248636426

About this property

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

310 W 14th Street

Long Beach, Los Angeles, CA, 90813