6-Unit Apartment
For Sale
$1,299,000
310 W 14th Street, Long Beach, CA 90813
Three buildings offer a mix of one- and two-bedroom apartments, on-site laundry, and a rentable garage.
Property Size4,584 SF
Lot Size0.17 Acres
Price / SF$283.38
Days on Market11
Property Features for 310 W 14th Street
General Information
Standard status
Active
Size
4,584 SF
Total Parking Spaces
1
Lot size
0.17 Acres
Property subtype
Residential Income
Financials
Cap Rate
5.54%
Gross Income
$115,492
Gross Rent Multiplier
11.25
Additional Details
Utilities to Site
Yes
Multifamily Units
6
Amenities
on-site laundry
Building Details
Building Size
4,584 SF
Year Built
1912
Buildings
3
Stories
2
Units
6
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(949) 644-6200
Listed By:
Christian Walsh · License #01804983
(949) 677-3466
Source:
Buyersonlycoastalrealty
Added: Oct 13
Changed: Oct 22
Last Checked: Oct 22 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices California Properties
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Investment Insights
Based on property information with market context.
This six-unit apartment property comprises three buildings with separate addresses on an approximately 7,500-square-foot corner lot. The unit mix includes one- and two-bedroom apartments, with storage rooms, on-site laundry, and a rentable garage. The garage may offer ADU conversion potential, subject to buyer verification and city approval. Gas and electric service are separately metered, and each apartment has its own water heater.
The property is across from 14th Street Park, just north of Downtown Long Beach. Improvements include 2025 exterior repainting of all three buildings, a replacement garage door, and updates to flooring and windows in one unit. Another unit received a replacement shower and new flooring. The property is offered in as-is condition. Reported investment metrics are a 5.54% cap rate and 11.25 GRM.
The property is across from 14th Street Park, just north of Downtown Long Beach. Improvements include 2025 exterior repainting of all three buildings, a replacement garage door, and updates to flooring and windows in one unit. Another unit received a replacement shower and new flooring. The property is offered in as-is condition. Reported investment metrics are a 5.54% cap rate and 11.25 GRM.
Key Highlights
- Six units across three buildings, each with a separate address
- Approximately 7,500‑square‑foot corner lot across from 14th Street Park
- One- and two‑bedroom units, plus a rentable garage and storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,095
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,941,900
$1.9M
Cap Rate 7%
$1,387,071
$1.4M
Cap Rate 9%
$1,078,833
$1.1M
Market Conditions
NOI Build-Up for 4,584 SF
Gross rent
$184.3K $40.20/SF
− Vacancy
−$7.7K −$1.69/SF
EGI
$176.5K $38.51/SF
− OpEx
−$79.4K −$17.33/SF
NOI
$97.1K $21.18/SF
Area
ZIP 90813
Vacancy
4.20%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,941,900
Cap Rate 7%
$1,387,071
Cap Rate 9%
$1,078,833
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,095 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,362 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three buildings offer a mix of one- and two-bedroom apartments, on-site laundry, and a rentable garage.
Where is this apartment building located?
The property is located at 310 W 14th Street Long Beach, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Six units across three buildings, each with a separate address; Approximately 7,500‑square‑foot corner lot across from 14th Street Park; One- and two‑bedroom units, plus a rentable garage and storage rooms
