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Multifamily

2414 E 14th St

2414 E 14th St, Long Beach, CA 90804

Listing Price: $649,000

Cap Rate
4.67%
Number of Units
2
Price/Unit
$324,500
Price/Gross SF
$380.87
Gross SF
1,704

Investment Overview

Marcus & Millichap is pleased to present to market 2414 East 14th Street, a duplex in Long Beach, California. This offering is a great value-add opportunity with 60 percent rental upside and the potential to convert the garages to an ADU (buyer to verify). Furthermore, one unit will be delivered vacant. 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.

Investment Highlights

  • Duplex With Spacious Two-Bedroom/One-Bath Units That Have Laundry Hookups and Private Patios
  • Excellent Value-Add Opportunity With 60 Percent Rental Upside and Potential to Convert the Garages to an ADU (Buyer to Verify)
  • Located in the Strong-Performing Eastside Long Beach Rental Market Proximate to Retail | WalkScore: 91
  • Within a 10-Minute Drive of Cal State Long Beach, Downtown Long Beach, the Beach, and the 405 and 710 Freeways
  • Competitively Priced Well Below Comparable Sales
  • One Unit Will Be Delivered Vacant

Exclusively Listed By

Financing By

Multifamily

2414 E 14th St

Listing Price: $649,000

Cap Rate
4.67%
Number of Units
2
Price/Unit
$324,500
Price/Gross SF
$380.87
Gross SF
1,704

Investment Highlights

  • Duplex With Spacious Two-Bedroom/One-Bath Units That Have Laundry Hookups and Private Patios
  • Excellent Value-Add Opportunity With 60 Percent Rental Upside and Potential to Convert the Garages to an ADU (Buyer to Verify)
  • Located in the Strong-Performing Eastside Long Beach Rental Market Proximate to Retail | WalkScore: 91
  • Within a 10-Minute Drive of Cal State Long Beach, Downtown Long Beach, the Beach, and the 405 and 710 Freeways
  • Competitively Priced Well Below Comparable Sales
  • One Unit Will Be Delivered Vacant

Investment Overview

Marcus & Millichap is pleased to present to market 2414 East 14th Street, a duplex in Long Beach, California. This offering is a great value-add opportunity with 60 percent rental upside and the potential to convert the garages to an ADU (buyer to verify). Furthermore, one unit will be delivered vacant. 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.

Exclusively Listed By

Financing By

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