2507 East 14th Street

Long Beach, CA 90804

$1,850,000
Price
10
Beds
12
Baths
6,067 Sq. Ft.
$305 / Sq. Ft.
6,067
Sq. Ft.
$305
per Sq. Ft.

Description

Modern Fourplex with large units property consists of Two 3 Bedroom 2 1/2 bath tri level units #1 & #4, roughly 1575 square feet (estimate) & two 2 bedroom 2 1/2 bath units #2 & #3 roughly 1425 square feet (estimate). The Two bedroom units downstairs dining rooms have both been converted into bedrooms so those units are now 3 bedroom units as well. All units have laundry washer hook ups in the kitchen, central heat, recently replaced electrical sub panels, gas fireplaces, Master suites (the 2 bedroom...Modern Fourplex with large units property consists of Two 3 Bedroom 2 1/2 bath tri level units #1 & #4, roughly 1575 square feet (estimate) & two 2 bedroom 2 1/2 bath units #2 & #3 roughly 1425 square feet (estimate). The Two bedroom units downstairs dining rooms have both been converted into bedrooms so those units are now 3 bedroom units as well. All units have laundry washer hook ups in the kitchen, central heat, recently replaced electrical sub panels, gas fireplaces, Master suites (the 2 bedroom units have dual master suites) & each unit has two patio decks. All tenants pay their own utilities (electricity, gas & trash) except water & the cost of the trash container rental. This property also has subterranean parking with a motorized entrance gate, the entrance is in the rear ally, each tenant gets two parking spots. New roof installed December 2022, Unit #1 was recently renovated including new shower stall in one of the bathrooms, new carpet & freshly painted. All units are currently rented. Video Link to unit #1 it was recently renovated & re-rented https://www.youtube.com/watch? v=wA62ZEjNK2w
  1. Listed by Wesley Lambert • DRE #01404563 • Brokerage DRE #01030870 • RE/MAX College Park Realty • 562-305-7673

Property Details for 2507 East 14th Street

Architectural Style
Modern
View
Neighborhood
Parking Spaces Total
8
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of RE/MAX College Park Realty, Wesley Lambert, DRE #01404563
Add your commute
LISTING UPDATED: 03/19/2024 12:49 AM

Property Details for 2507 East 14th Street

StatusActive
MLS #PW24054603
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1991
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX College Park Realty, Wesley Lambert, DRE #01404563
Add your commute

Building Information for 2507 East 14th Street

Building/Complex2507 E 14th StFloor-Stories3Residences-Pet Policy-Year Built1991Building Size-

Payment Calculator

$10,622 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$526

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2507 East 14th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $122,016
  • Gross Scheduled Income: $122,016
  • Vacancy Allowance Rate: 4
  • Gross Operating Income: $117,135
  • Net Operating Income: $109,687
  • Cap Rate: 4.9
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $8,029
  • New Taxes Expense: $23,125
  • Gardener Expense: $960
  • Fuel Expense: $0
  • Pest Control Expense: $540
  • Electric Expense: $664
  • Insurance Expense: $2,843
  • Maintenance Percent: 1.00%
  • Professional Management Expense: $0
  • Trash Expense: $356
  • Water Sewer Expense: $2,666
  • Total Expenses: $8,029
Tax / Assessment Info
  • Tax Tract Number: 1577
  • Tax Census Tract: 5751.02
  • CFD/Mello-Roos Fee: $1,093
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Water Heater
  • Equipment: Gas Dryer Hookup, Inside, Washer Hookup
  • Interior Features: Ceiling Fan(s), Copper Plumbing Full, Sump Pump
  • Room Type: Living Room, Walk-In Closet
  • Bedroom Features: WalkInCloset
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Fireplace Features: Living Room, Gas
  • Fireplace Rooms: Gas, Living Room
  • Cooling: None
  • Heating Type: Central
  • Heating: Central
  • Flooring: Carpet, Tile, Vinyl
Exterior Features
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Firewall(s), Smoke Detector(s), Window Bars
  • Security: Automatic Gate, Security Bars
  • Construction Materials: Block, Concrete, Drywall Walls, Stucco
  • Exterior Construction: Block, Concrete, Stucco
  • Exterior: Block, Stucco
  • Roof: Composition
  • Entry Location: Front door
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Block, Wrought Iron
  • Foundation Details: Brick/Mortar, Combination, Concrete Perimeter, Pillar/Post/Pier, Raised
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Walk Score: 90
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved, Paved
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: Eastside
  • Builders Tract Code: Eastside (ES)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,307
  • Unit Type Total Rent: $2,307
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,611
  • Unit Type Total Rent: $2,611
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 0
  • Number With Range: 4
  • Number With Disposal: 4
  • Number With Patio: 4

Property History for 2507 East 14th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2507 East 14th Street

Taxable ValueLand$127,727Additions$291,278Total$419,005
Tax Record2023$6,307 ($526 / month)
Home Facts
Total Finished SqFt6,067 SqFtAbove Grade Finished SqFt6,067 SqFtStories1Lot Size6,448 SqFtStyleQuadraplexYear Built1991ZoningLBR2NCountyLOS ANGELESAPN7260-019-009

Schools near 2507 East 14th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lee Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Richard D. Browning High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2507 East 14th Street is a multi-family home for sale in Long Beach, CA 90804. This property was listed for sale on March 18, 2024 by RE/MAX College Park Realty, it's currently listed at $1,850,000. This listing's school district is Long Beach Unified School District. Nearby schools include Lee Elementary School, Jefferson Leadership Academies School and Wilson High School. 2507 East 14th Street is a 10-bed, 12-bath, 6,067 sqft multi-family home built in 1991.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX College Park Realty, Wesley Lambert, DRE #01404563

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.