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2245 E 14th St Long Beach, CA 90804

$850,000 Sold Price as of 11/13/2019

5 Beds
2 Baths
1,750 Sq.Ft.

Sold

$850,000 Sold Price as of 11/13/2019 Refinance Your Mortgage

Map preview of 2245 E 14th St, Long Beach, CA 90804

Property Overview: 2245 E 14th St Long Beach, CA has 5 bedrooms, 2 bathrooms, 1,750 living square feet and 6,496 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: SOLD

Listed by Brian Branand | BRE #01803629 | Brian Ross Brandt Branand

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 96

Home details

Lot Sq. Ft: 6,496
HOA Dues: $0/mo
Year built: 1920
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19498196
City: Long Beach
County: Los Angeles
Time on Site: 1396 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,400
Total Rent: $28,800
Pro Forma/Market Rent: $36,000

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $30,000

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.81%
Gross Rent Multiplier: 12.88
Gross Scheduled Income: --
Net Operating Income: $49,395
Gross Operating Income: $66,000
Improvements Total: $17,929

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2245 E 14th St

Interior Features

Laundry Information

Has Laundry
Gas Dryer Hookup, Gas & Electric Dryer Hookup

Kitchen Information

Has Appliances
Disposal, Ice Maker, Freezer, Refrigerator, Vented Exhaust Fan

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Gated, Guest, Controlled Entrance, Garage - Two Door, Driveway, Built-In Storage, Auto Driveway Gate

Property Information

Total # of Units: 2
Parcel Number: 7260020017

Location / Neighborhood

Location Information

Directions: GPS

View more facts & features

Local Long Beach Agent

Sale History for 2245 E 14th St

Last sold for $850,000 on November 13th, 2019

November, 2019
Nov 13, 2019

Date

Sold

CRMLS: 19498196

$850,000

Price
Aug 9, 2019

Date

Active

CRMLS: 19498196

$850,000

Price
August, 2019
Aug 9, 2019

Date

Canceled

CRMLS: 19482410

$850,000

Price
Jun 26, 2019

Date

Active

CRMLS: 19482410

$850,000

Price
Listing provided courtesy of CRMLS
June, 2019
Jun 26, 2019

Date

Canceled

CRMLS: 19452864

$900,000

Price
Apr 8, 2019

Date

Active

CRMLS: 19452864

$900,000

Price
Listing provided courtesy of CRMLS
November, 2018
Nov 12, 2018

Date

Sold

CRMLS: PW18223340

$430,000

Price
Oct 17, 2018

Date

Pending

CRMLS: PW18223340

$450,000

Price
Oct 11, 2018

Date

Active

CRMLS: PW18223340

$450,000

Price
Sep 25, 2018

Date

Pending

CRMLS: PW18223340

$450,000

Price
Sep 13, 2018

Date

Active

CRMLS: PW18223340

$450,000

Price
Listing provided courtesy of CRMLS

JUST FELL OUT OF ESCROW!! This is the perfect property to rehab and flip. The property consists of two homes on one large lot. The front home is a 2-bedroom, 1-bath home and the back house is a 1-bedroom. 1-bath home. There is a driveway to a double car garage. Both home are in need of a tremendous amount of work. This is an ALL CASH transaction as financing is not possible due to the condition.

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November, 2018
Nov 9, 2018

Date

Sold (Public Records)

Public Records

$430,000

Price
December, 2017
Dec 5, 2017

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2245 E 14th St

Assessed Value (2020): $850,000

Year	Land Value	Improved Value	Assessed Value
2020	$650,000	$200,000	$850,000

Home Value Compared to the Market

This property vs the competition

2245 E 14th St sold on November 13, 2019 for 6.25% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $485.71 per/sqft which puts the price per square foot 23.15% lower than the current median sale per square foot for the city of Long Beach.

About 2245 E 14th St

Detailed summary of property

2245 E 14th St is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 5 bedrooms, 2 bathrooms, roughly 1,750 living square feet, and sits on an approximately 6,496 square foot lot. 2245 E 14th St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $850,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 6.25% higher than the current median priced home. Local homes that are currently for sale include 2100 Pine Ave, 2000 Pacific Ave and 154 E Eagle St. While the average home in Long Beach, CA is selling in 51 days, 2245 E 14th St has a days on market of 96 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 2245 E 14th St Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2245 E 14th St

Public county record property details

Beds: 5
Baths: 2
Year built: 1920
Sq. Ft.: 1,668
Lot Size: 6,496
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 7260-020-017

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$515,000

Median List Price/Sq.Ft.

$594

Median Sold Price

$550,000

Median Sold Price/Sq.Ft.

$667

Total Inventory

Median Sale to List Price %

104.77%

Avg Days on Market

Loan Type

Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.