NOT LISTED FOR SALE

Estimated Value: $732,000 - $935,440

4 Beds
2 Baths
1,704 Sq Ft
$474/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $625,000 $367 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,130/month

99 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Rectangular Lot

About This Home

As of March 2023

2414 East 14th Street is a duplex in Long Beach, California. This offering is a great value-add opportunity with 37 percent rental upside and the potential to convert the garages to an ADU (buyer to verify).

The property is a single-story 1923 construction with two two-bedroom/one-bath units and two single-car garages. The units boast 850-square foot floor plans with in-unit laundry hookups, and each unit has a private patio.

2414 East 14th Street is located just east of Junipero Avenue in Eastside Long Beach, a highly desirable and strong-performing rental submarket. The property has easy access to retail (WalkScore: 91) and is within a 10-minute drive of Cal State Long Beach, Downtown Long Beach, the beach, and the 405 and 710 freeways.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 10/24/2022

Last Buyer's Agent

Ramzi Rabbat

Realty One Group West License #01863335

Realty One Group West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 3,206 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • 1,704 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 1
  • Assessor Parcel Number 7260023027
  • $412 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $12,110
  • Gross Income $42,421
  • Net Operating Income $30,311

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7260023027
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 366.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 3206.00
  • Lot Size Acres: 0.0736

Multi Family

  • Garage Income: 5988.00
  • Gross Income: 42421.00
  • Gross Scheduled Income: 37560.00
  • Lot Size Area: 3206.0000 Square Feet
  • Net Operating Income: 30311.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 12110.00
  • Rent Control: Yes
  • Total Expenses: 12110.00

Tax Info

  • Tax Census Tract: 5751.02
  • Tax Lot: 24
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 411.93

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2022
Closed on
Feb 6, 2023
Sold by
Security Eat 615 Inc
Bought by
Othman Omar Bryan
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Ramzi Rabbat
Realty One Group West
List Price
$699,000
Sold Price
$625,000
Premium/Discount to List
-$74,000
-10.59%
Views
83
Current Estimated Value
$802,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,242
Avg. Annual Appreciation
9.50%
Original Mortgage
$468,750
Outstanding Balance
$453,027
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$355,083

Purchase Details

Closed on
Sep 25, 2009
Sold by
Schechinger Dennis H
Bought by
Schechinger Dennis H and Dennis H Schechinger Trust

Purchase Details

Closed on
Mar 28, 2002
Sold by
Thai Tony Thanh
Bought by
Schechinger Dennis H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
8.99%

Purchase Details

Closed on
Nov 28, 2000
Sold by
Hud
Bought by
Thai Tony Thanh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
8.58%

Purchase Details

Closed on
Jan 19, 2000
Sold by
Old Kent Mtg Company
Bought by
Hud

Purchase Details

Closed on
Sep 3, 1999
Sold by
Rocha William E
Bought by
Old Kent Mtg Company

Purchase Details

Closed on
Sep 30, 1997
Sold by
Acosta Frank P
Bought by
Rocha William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,675
Interest Rate
7.33%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 3, 1997
Sold by
Trust Weber David P & Celeste S 1995 Fam and Weber Celeste S
Bought by
Acosta Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
7.83%

Purchase Details

Closed on
Oct 11, 1995
Sold by
Weber David P R and Weber Celeste S
Bought by
Weber David P R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Othman Omar Bryan $625,000 Ticor Title
Schechinger Dennis H -- None Available
Schechinger Dennis H $180,000 American Title Co
Thai Tony Thanh $106,000 Provident Title
Hud -- American Title
Old Kent Mtg Company $165,577 Benefit Land Title Ins Co
Rocha William E $159,000 American Title Ins Co
Acosta Frank $70,000 North American Title Co
Weber David P R -- --
Weber David P R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Othman Omar Bryan $468,750
Previous Owner Schechinger Dennis H $144,000
Previous Owner Thai Tony Thanh $95,000
Previous Owner Rocha William E $155,675
Previous Owner Acosta Frank $83,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2023 03/03/23 Sold $625,000 -3.7% $367 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
11/30/2022 11/30/22 Price Changed $649,000 -7.2% $381 / Sq Ft
10/24/2022 10/24/22 For Sale $699,000 -- $410 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,128 $650,250 $468,180 $182,070
2024 $11,128 $867,000 $459,000 $408,000
2023 $7,275 $548,363 $319,288 $229,075
2022 $6,831 $537,612 $313,028 $224,584
2021 $3,283 $240,828 $120,414 $120,414
2020 $3,274 $238,600 $119,180 $119,420
2019 $3,237 $233,928 $116,844 $117,084
2018 $3,104 $229,346 $114,553 $114,793
2016 $2,852 $220,210 $110,105 $110,105
2015 $2,742 $216,904 $108,452 $108,452
2014 $2,732 $212,656 $106,328 $106,328
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22228466

California Regional Multiple Listing Service (CRMLS)

APN: 7260-023-027