J
Seller's Agent in 2018
John Alden
Alden Pacific Investments, Inc.
242 W 14th St Long Beach, CA 90813
Washington School Neighborhood
3
Beds
3
Baths
2,700
Sq Ft
5,667
Sq Ft Lot
Highlights
- No Units Above
- Rectangular Lot
- 3-minute walk to 14th Street Park
- Property is near public transit
About This Home
As of November 2018We are pleased to present 242 W. 14th Street Apartments, comprised of 6 large 1 Bed/1 Bath Units spread over 3 separate buildings. Located less than a mile from downtown Long Beach, between the Wilmore Historic Distric and Wrigley. Built in 1922, current owners have redone multiple units and completed additional exterior capital improvements to restore this property for new owners. A stable, income producing asset, this property is priced at 12.88 GRM and a 4.6% Cap Rate on current rents with approx. 10% upside for new owner.
Last Agent to Sell the Property
John Alden
Alden Pacific Investments, Inc. License #02114291 Listed on: 07/02/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 5,667 Sq Ft Lot
- No Units Above
- 1 Common Wall
- Rectangular Lot
Home Design
- 2,700 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Location
- Property is near public transit
- Urban Location
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 2
- Assessor Parcel Number 7269004013
Community Details
Overview
- 3 Buildings
- 6 Units
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,080
- Fuel Expense $1,080
- Insurance Expense $2,400
- Professional Management Expense $5,086
- Trash Expense $1,080
- Water Sewer Expense $1,080
- New Taxes Expense $14,375
- Operating Expense $26,800
- Gross Income $89,160
- Net Operating Income $51,690
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/30/2018 11/30/18 | Sold | $1,149,999 | 0.0% | $426 / Sq Ft | |
| 08/31/2018 08/31/18 | Pending | -- | -- | -- | |
| 08/09/2018 08/09/18 | Price Changed | $1,149,999 | -4.1% | $426 / Sq Ft | |
| 07/19/2018 07/19/18 | For Sale | $1,199,500 | 0.0% | $444 / Sq Ft | |
| 07/16/2018 07/16/18 | Pending | -- | -- | -- | |
| 07/02/2018 07/02/18 | For Sale | $1,199,500 | +24.3% | $444 / Sq Ft | |
| 12/01/2017 12/01/17 | Sold | $965,000 | -2.5% | $357 / Sq Ft | View Prior Sale |
| 11/07/2017 11/07/17 | Pending | -- | -- | -- | |
| 10/02/2017 10/02/17 | For Sale | $990,000 | -- | $367 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,553 | $1,282,841 | $557,756 | $725,085 |
| 2024 | $16,553 | $1,257,688 | $546,820 | $710,868 |
| 2023 | $16,270 | $1,233,029 | $536,099 | $696,930 |
| 2022 | $15,272 | $1,208,853 | $525,588 | $683,265 |
| 2021 | $14,966 | $1,185,151 | $515,283 | $669,868 |
| 2019 | $14,753 | $1,150,320 | $500,000 | $650,320 |
| 2018 | $12,382 | $965,320 | $250,000 | $715,320 |
| 2017 | $9,609 | $729,300 | $204,000 | $525,300 |
| 2016 | $6,836 | $533,005 | $253,812 | $279,193 |
| 2015 | $7,775 | $632,087 | $400,131 | $231,956 |
| 2014 | $7,746 | $619,706 | $392,293 | $227,413 |
Source: Public Records
Agents Affiliated with this Home
-
-
Marty Stone
Buyer's Agent in 2018
Marty Stone
BUCKINGHAM INVESTMENTS
(310) 322-9763
7 Total Sales
-
J
Seller's Agent in 2017
John Kolsky
Jon Kolsky, Broker
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18163391
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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