Teriann McKenna
TM Real Estate Services
(424) 396-2889
10 Total Sales
1 in Washington School
$253,000 Price
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
- 1-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.
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2018
Closed on
Oct 2, 2018
Sold by
Del Capital Llc
Bought by
Seller's Agent
John Alden
John Alden
Buyer's Agent
Marty Stone
BUCKINGHAM INVESTMENTS
List Price
$1,199,500
Sold Price
$1,149,999
Premium/Discount to List
-$49,501
-4.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.8%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 17, 2018
Sold by
Herrera Ronald
Bought by
Herrera Ronald and Tan Elaine Olympia
Purchase Details
Listed on
Oct 2, 2017
Closed on
Nov 27, 2017
Sold by
Herrera Elaine
Bought by
Herrera Ronald
Seller's Agent
John Kolsky
Jon Kolsky, Broker
Buyer's Agent
John Alden
John Alden
List Price
$990,000
Sold Price
$965,000
Premium/Discount to List
-$25,000
-2.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$697,500
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 2, 2017
Closed on
Nov 15, 2017
Sold by
Kpg Iv Llc
Bought by
Herrerajr Ronald
Seller's Agent
John Kolsky
Jon Kolsky, Broker
Buyer's Agent
John Alden
John Alden
List Price
$990,000
Sold Price
$965,000
Premium/Discount to List
-$25,000
-2.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$697,500
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 25, 2016
Sold by
Hajlan Morteza and Kazemi Sonia
Bought by
Kgp Iv Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.57%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 4, 2014
Sold by
Johnson Brad
Bought by
Morteza Hajian & Sonia Kazemi Living Tru
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 18, 2004
Sold by
Johnson Bridget Marie
Bought by
Johnson Brad
Purchase Details
Closed on
Jul 2, 2004
Sold by
A D E Management Llc
Bought by
Johnson Brad
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,000
Interest Rate
5.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 17, 2003
Sold by
Anderson David W and Anderson Evie C
Bought by
A D E Management Llc
Purchase Details
Closed on
May 21, 2003
Sold by
Tolles Anne
Bought by
Anderson David W and Anderson Evie C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.71%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 23, 2000
Sold by
Greenwood James W and The Murray Greenwood Revocable
Bought by
Tolles Anne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
9.12%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Washington School, CA
-
Teriann McKenna
-
Rudy Kusuma
Rudy Kusuma
LPT Realty, Inc
(916) 249-4078
149 Total Sales
1 in Washington School
$663,000 Price
-
Poupee Komenkul
Poupee Komenkul
Rodeo Realty
(747) 998-0899
144 Total Sales
2 in Washington School
$275K - $283K Price Range
-
Melissa Barlow
Melissa Barlow
Responds QuicklyElite Representation Real Estate
(424) 704-9071
44 Total Sales
1 in Washington School
$1,150,000 Price
-
Dennis Fulmore
Dennis Fulmore
Dennis Wayne Group
(424) 688-7260
19 Total Sales
1 in Washington School
$610,000 Price
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
122 Total Sales
1 in Washington School
$505,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,150,000 | Ticor Title | ||
| Herrera Ronald | -- | None Available | |
| Del Capital Llc | -- | None Available | |
| Herrera Ronald | -- | Ortc | |
| Herrerajr Ronald | $965,000 | Ortc | |
| Kgp Iv Llc | $715,000 | Ortc | |
| Morteza Hajian & Sonia Kazemi Living Tru | $525,000 | Commonwealth Land Title Co | |
| Johnson Brad | -- | First American Title Co La | |
| Johnson Brad | $545,000 | Fatcola | |
| A D E Management Llc | -- | -- | |
| Anderson David W | $325,000 | Commerce Title | |
| Tolles Anne | $162,000 | Gateway Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $735,000 | ||
| Previous Owner | Herrerajr Ronald | $697,500 | |
| Previous Owner | Kgp Iv Llc | $500,000 | |
| Previous Owner | Morteza Hajian & Sonia Kazemi Living Tru | $367,500 | |
| Previous Owner | Johnson Brad | $401,000 | |
| Previous Owner | Anderson David W | $245,000 | |
| Previous Owner | Tolles Anne | $121,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $17,280 | $1,308,497 | $568,911 | $739,586 |
| 2025 | $17,280 | $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
-
John Alden
JA
Seller's Agent in 2018
John Alden
John Alden
(310) 387-3489
10 Total Sales
-
Marty Stone
Buyer's Agent in 2018
Marty Stone
BUCKINGHAM INVESTMENTS
(310) 322-9763
3 Total Sales
-
JK
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
Nearby Homes
- 1425 Cedar Ave
- 1273 Chestnut Ave
- 1217 Cedar Ave
- 1454 Magnolia Ave
- 1336 Locust Ave Unit 4
- 1336 Locust Ave Unit 3
- 1238 Magnolia Ave
- 1140 Pacific Ave Unit 19
- 1140 Pacific Ave Unit 20
- 1123 Cedar Ave
- 1566 Pine Ave Unit 103A
- 200 E 14th St Unit 3
- 200 E 14th St Unit 6
- 200 E 14th St Unit 7
- 1601 Pine Ave
- 1211 Magnolia Ave
- 1070 Chestnut Ave
- 1208 Daisy Ave
- 1723 Cedar Ave Unit 103
- 451 W 10th St
- 235 W 14th St
- 1404 Cedar Ave
- 1414 Cedar Ave
- 1405 Cedar Ave
- 301 W 14th St
- 228 W 14th St
- 1334 Cedar Ave
- 321 W 14th St
- 310 W 14th St
- 1417 Cedar Ave
- 1339 Cedar Ave
- 1419 Cedar Ave
- 329 W 14th St Unit A
- 329 W 14th St Unit F
- 329 W 14th St Unit H
- 329 W 14th St Unit I
- 329 W 14th St Unit J
- 329 W 14th St Unit C
- 329 W 14th St Unit E
- 329 W 14th St Unit G
Your Personal Tour Guide
Ask me questions while you tour the home.