329 West 14th Street
329 West 14th Street
$2,799,000
—
7,976
7,976
$351
Active Under Contract
Description
Back on the market! Seller motivated and ready for your offer! Fully leased 10 unit apartment complex, all 2 bed 1 bath units! Apartment building is currently undergoing extensive California SB-721 compliance renovations to elevated walkways and balconies. All buildings starting in 2025 in California will have their balconies and elevated walkways inspected. Many will require extensive rebuilds. Avoid the headache by buying an apartment complex that is having it all done pre-emptively and professionally...Back on the market! Seller motivated and ready for your offer! Fully leased 10 unit apartment complex, all 2 bed 1 bath units! Apartment building is currently undergoing extensive California SB-721 compliance renovations to elevated walkways and balconies. All buildings starting in 2025 in California will have their balconies and elevated walkways inspected. Many will require extensive rebuilds. Avoid the headache by buying an apartment complex that is having it all done pre-emptively and professionally by a structural engineering firm and licensed decking company. Currently, the property generates a gross rent of $194,000 per year. However, there is considerable room for growth by adjusting rental rates to align with the current market value. Configuration may even present a condo conversion (buyer to verify), allowing the right investor to capitalize on the rising demand for affordable homeownership options in the area. Substantial capital improvements have been recently completed, including the current project. These enhancements include major plumbing overhauls, including the installation of a new sewer line. Additionally, a new fire alarm system, video surveillance system, and upgraded water heaters have been implemented, enhancing security, and overall resident comfort. Long Beach, a thriving multi-family submarket within the Los Angeles metro area, boasts an impressive vacancy rate of only 3.8% as of Q1 2023. Additional Advantages: A notable advantage of this property is its fully secured and gated 17-car parking garage—an exceptional feature that is rarely found in this locale. The information provided is based on estimates and should be independently verified. This property is being offered as part of a 1031 Exchange. Building is offered in AS IS condition. OM in Docs/Attachments
- Listed by Jason Anderson • DRE #02089130 • Brokerage DRE #00745605 • Seven Gables Real Estate • 714-926-4460
Property Details for 329 West 14th Street
Total Units
10.0
Lot Size SourceAssessor
Building Area Total7976
Building Area UnitsSquare Feet
Stories Total3
Entry Level1
Parcel Number7269041036
AreaDowntown Area, Alamitos Beach (4)
Location
LISTING UPDATED: 04/26/2024 10:17 PM
Property Details for 329 West 14th Street
Status | Active Under Contract |
---|---|
MLS # | PW23077714 |
Days on Market | 184 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi Family |
Year Built | 1986 |
Lot Size | 0.17 AC / 7,327 SF |
County | Los Angeles County |
Location
Building Information for 329 West 14th Street
Stories3Residences-Year Built1986Building Size-Lot Size0.17 AC / 7,327 SF
Payment Calculator
$16,860 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 329 West 14th Street
Property History for 329 West 14th Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 329 West 14th Street
Taxable ValueLand$372,205Additions$999,556Total$1,371,761
Tax Record2023$19,020 ($1,585 / month)
Home Facts
Total Finished SqFt7,976 SqFtAbove Grade Finished SqFt7,976 SqFtLot Size7,327 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningLBR4NCountyLOS ANGELESAPN7269-041-036
Schools near 329 West 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 |
---|---|---|
International Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Educational Partnership High School 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.