304 14th St NW #315 · Long Beach, WA 98631

$70,000

1 bd · 2.0 ba · 682 sqft · Condo · 78 Days on market

Built 1974 $103/sqft · 26% above area Est $55k · 26% over $596/mo HOA · 40% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.6/30.0
• 1% rule +10.0/10.0
• DSCR +6.6/10.0
• Livability +3.9/5.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Don’t miss one of the best-priced oceanfront condos on the coast—this opportunity won’t last. Enjoy breathtaking, ocean views from this fully remodeled, fully furnished 1-bedroom, 2-bath beachfront retreat that comfortably sleeps 4.This is your chance to own a coastal getaway at an unbeatable price point, offering more value and better views than competing beach condos. This is a ccorner unit with windows on the side for more light. Step into resort-style living with access to an indoor pool, hot tub, pickleball courts, fire pits, complimentary bikes, and RV parking—everything you or your guests want, all in one place. Spend your days exploring the coastline, and you

Key facts

• Fully remodeled
• Hot tub
• Pickleball courts

Tags

• FULLY REMODELED
• BEACHFRONT RETREAT
• INDOOR POOL
• HOT TUB
• PICKLEBALL COURTS
• FIRE PITS

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath condo listed at $70k.

Deal economics

• At list price, monthly cash flow is $94 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 3.0% in Long Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#133 in WA, #2,635 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, crime A-, amenities A-; Watch: employment C-, commute F.
• Ocean Beach School District (rural): math 34% / reading 50% proficiency, ranked #212 of 291 in WA (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Long Beach Elementary School (221 students, 80% FRL); Hilltop Elementary School (236 students, 70% FRL); Ilwaco High School (296 students, 64% FRL) — zoned schools average 72% FRL vs 56% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 122 active listings in the ZIP; 90 units permitted in Pacific County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Pacific County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 40% of rent.

Recommended offer $65,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.12% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.76%
• DSCR: 1.26
• GRM: 3.9

CMA / ARV

• ARV (median comp): $55,457
• List price: $70,000
• Delta: 26.22%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.8%
• Equity multiple: 0.75×
• Total profit: $-4,963
• Equity at exit: $10,437

10-year hold

• IRR: 3.4%
• Equity multiple: 1.25×
• Total profit: $4,973
• Equity at exit: $6,052

Cash invested: $19,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Washington: 28 Tenant-Leaning · D+8
• County: — inherits STATE
• City: — inherits STATE

Just-cause statewide (2021); Seattle layers rent control restrictions + relocation assistance; very tenant-friendly.

Methodology + full state rankings →

ZIP-level market 98631

• Home prices YoY: -17.6%
• Active inventory: 122
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,486 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$88 /mo · $1,050/yr
• Insurance: −$29
• HOA: −$596
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $94

Break-even live

Break-even rent $1,367

Max offer price $70,000

Occupancy floor 89%

Sensitivity live

Price	-10% $142	-5% $118	+0% $94	+5% $70	+10% $46
Rent	-10% $-23	-5% $35	+0% $94	+5% $153	+10% $211
Rate	-1.0pp $129	-0.5pp $112	base $94	+0.5pp $76	+1.0pp $57

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $596 · $7,152/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 34 events

1. 2026-06-21
   days on market $70,000 Active 78 DOM
2. 2026-06-21
   days on market $70,000 Active 77 DOM
3. 2026-06-18
   days on market $70,000 Active 75 DOM
4. 2026-06-17
   days on market $70,000 Active 74 DOM
5. 2026-06-16
   days on market $70,000 Active 73 DOM
6. 2026-06-15
   days on market $70,000 Active 72 DOM
7. 2026-06-15
   days on market $70,000 Active 71 DOM
8. 2026-06-13
   days on market $70,000 Active 70 DOM
9. 2026-06-12
   days on market $70,000 Active 69 DOM
10. 2026-06-09
    days on market $70,000 Active 66 DOM
11. 2026-06-08
    days on market $70,000 Active 65 DOM
12. 2026-06-08
    days on market $70,000 Active 64 DOM
13. 2026-06-07
    days on market $70,000 Active 63 DOM
14. 2026-06-03
    days on market $70,000 Active 60 DOM
15. 2026-06-02
    days on market $70,000 Active 59 DOM
16. 2026-06-01
    days on market $70,000 Active 58 DOM
17. 2026-05-31
    days on market $70,000 Active 57 DOM
18. 2026-04-04
    listed $70,000 Active
19. 2021-12-23
    soldstatus $70,000
20. 2021-12-23
    listed $70,000
21. 2020-10-15
    soldstatus $45,000 Sold
22. 2020-09-26
    status Pending Inspection
23. 2020-07-24
    price $45,000
24. 2020-02-12
    price $47,000
25. 2019-10-28
    listed $54,999 Active
26. 2015-03-06
    soldstatus $17,000 Sold
27. 2015-02-13
    status Pending
28. 2014-12-14
    listed $20,000 Active
29. 2014-02-28
    soldstatus $15,000 Sold
30. 2014-02-02
    price $16,000 Active
31. 2014-02-02
    status Active
32. 2014-01-25
    status Pending
33. 2013-12-12
    price $15,000
34. 2013-09-06
    listed $20,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 8 d/yr ≥73°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,830
• − Mortgage interest: −$3,921
• − Property taxes: −$1,050
• − Insurance: −$350
• − Repairs & maintenance: −$1,426
• − Management: −$1,426
• − HOA: −$7,152
• − Depreciation: −$2,036
• Taxable income: $468
• Est. tax owed @ 24.0%: −$112
• After-tax cash flow: $1,017/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Ocean Beach School District
• NCES district ID: 5306060
• Math proficiency: 34% ▼ -1.00%
• Reading proficiency: 50% ▲ 1.00%
• Median HH income: $38,549
• Composite: 37.37/100
• National rank: #8929
• State rank: #212 of 291 in WA

Livability — Long Beach

• Score: 78/100
• State rank: #133
• US rank: #2635

Category grades

Amenities A- Commute F Cost of living A- Crime A- Employment C- Housing A- Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Long Beach, WA
• Population (ZIP): 3,468

Population outlook (Pacific County) Hauer SSP2

• Today (2025): 20,636 people
• By 2030: 20,137 · -2.4%
• By 2040: 19,041 · -7.7%
• By 2050: 18,504 · -10.3%
• By 2075: 17,403 · -15.7%
• By 2100: 16,241 · -21.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 11% Two or more races 11% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Portuguese 5% Slovak 5% Romanian 3%
• Foreign-born: 5% · Canada, South Korea, Vietnam
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · Pacific

• 2024 margin: Toss-up / Even · D 48.1% · R 49.4% · Other 2.4%
• 2008→2024 swing: -15.4pp toward R · 2008: 14.1pp · 2024: -1.3pp
• All cycles: 2024: R+1.3 2020: R+1.1 2016: R+6.9 2012: D+11.4 2008: D+14.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.26%
• Current HPI: 240.5056
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 4.65%
• F500 in state: 22

Industry mix (Fortune 500 HQ in WA)

Industry	F500 HQs	Revenue
▸Retail	2	$269B
▸Technology / Retail	1	$638B
▸Technology	1	$245B
▸Telecommunications	1	$38B
▸Food / Beverage	1	$36B
▸Automotive / Trucks	1	$34B

Price history

+250.0% since first listed

17 events — show timeline

• 2026-04-04 Listed $70,000 NWMLS as Distributed by MLS Grid
• 2021-12-23 Listed $70,000 NWMLS as Distributed by MLS Grid
• 2021-12-23 Sold (MLS) $70,000 NWMLS as Distributed by MLS Grid
• 2020-10-15 Sold (MLS) $45,000 NWMLS as Distributed by MLS Grid
• 2020-09-26 Pending — NWMLS as Distributed by MLS Grid
• 2020-07-24 Price Changed $45,000 NWMLS as Distributed by MLS Grid
• 2020-02-12 Price Changed $47,000 NWMLS as Distributed by MLS Grid
• 2019-10-28 Listed $54,999 NWMLS as Distributed by MLS Grid
• 2015-03-06 Sold (MLS) $17,000 NWMLS as Distributed by MLS Grid
• 2015-02-13 Pending — NWMLS as Distributed by MLS Grid
• 2014-12-14 Listed $20,000 NWMLS as Distributed by MLS Grid
• 2014-02-28 Sold (MLS) $15,000 NWMLS as Distributed by MLS Grid
• 2014-02-02 Relisted — NWMLS as Distributed by MLS Grid
• 2014-02-02 Price Changed $16,000 NWMLS as Distributed by MLS Grid
• 2014-01-25 Pending — NWMLS as Distributed by MLS Grid
• 2013-12-12 Price Changed $15,000 NWMLS as Distributed by MLS Grid
• 2013-09-06 Listed $20,000 NWMLS as Distributed by MLS Grid