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Long Beach, CA 90804 2652 2706 E 15th Street

$4,600,000

2652 2706 E 15Th Street Long Beach, Ca - Image 12652 2706 E 15Th Street Long Beach, Ca - Image 22652 2706 E 15Th Street Long Beach, Ca - Image 3
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Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916
  • MLS# PW23229203
  • 12/22/2023
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  • BedBeds • 18
  • BathBaths • 2
  • FootageSQFT • 7,440

Home Details

2652 E. 15th Street is a 20-unit asset, located in the Zaferia Design District in Long Beach, California. The property is comprised of (18) 1BD/1BA and (2) studio units.Spread across a 21,717 square foot lot, the property has 15 surface parking spaces and two laundry rooms on site for additional income. Priced at a 5.14% cap rate & 11.91 GRM, new ownership can stabilize the asset at a 6.09% cap rate and 10.61 GRM.
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916

Interior Features for 2652 2706 E 15th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Street SuffixStreet
Total Stories1

Other Rooms

Entry Level1

General for 2652 2706 E 15th Street

Additional Parcels Description7260017018
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.14
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market116
DirectionsE Anaheim St
Electric Expense5920.3
Entry Location1
Fuel Expense5920.3
Garage Spaces0.0
Garage Y/NNo
Gross Income374512.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense11238.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet21717.0
MLS Area3 - Eastside, Circle Area
MaintenanceExpense14000.0
MobileHomeRemainsYNNo
Net Operating Income236296.0
New ConstructionNo
Open Parking Spaces15.0
Operating Expense138216.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street Name15th
Subdivision NameEastside (ES)
Tax Lot75
Taxes$57,819
Total Units20
Trash Expense5920.3
View Y/NNo
Water Sewer Expense5920.3
Waterfront Y/NNo
Year Built1929
Year Built SourceAssessor
ZoningLBR2N

Exterior for 2652 2706 E 15th Street

Building Area Total7440.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1620UnitsAcre
Lot Size Acres0.4986
Lot Size Area21717.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters0
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking15.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $4,600,000
MLS#PW23229203
List Date 12/22/2023
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors