Listing Detail

2414 E 14th St, Long Beach, CA

press to zoom

press to zoom

press to zoom

press to zoom
1/5

Investment Highlights

  • Duplex With Spacious Two-Bedroom/One-Bath Units That Have Laundry Hookups and Private Patios

  • Excellent Value-Add Opportunity With 37 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

2414 E 14th St

Long Beach, CA

Type: Multifamily
Units: 2
List Price: $649,000
Price/Unit: $324,500
Price/SF: $381
Cap Rate: 4.67%

Investment Overview

The Bogie Group of 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 37 percent rental upside and the potential to convert the garages to an ADU (buyer to verify).

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.

Download Offering Memorandum

Exclusively listed by

DOKeefe.jpg

Izzy Sanchez

First Vice President Investments

License: CA 01236591

(424) 405-3862

DOKeefe.jpg

Richard Vanis III

Multifamily Specialist

License: CA 02153501

(424) 405-3866