19
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$1,200,000
Est. payment /mo
7 Beds
4 Baths
5,008 Sqft Lot
Active Under Contract
2922 E 15th Street Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Circle (Ca)
MLS Listing ID PW26171369
Bedrooms 7
Lot Size 5,008 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Traffic circle adjacent, 6-unit apartment building in which $156,500 has been spent on capital improvements over the last year. These improvements include a new roof (May 2026), sewer work and installation of a sewer clean out, renovated laundry room including the purchase of 3 washing machines and 3 dryers, exterior dawn to dusk lighting, addition of coded locks on the gates, and a fully renovated 2-bedroom unit. The renovation of this unit includes the following new items: mini split providing heat and air conditioning, kitchen cabinets, counters and appliances, luxury vinyl flooring, windows and blinds, lighting fixtures, and beautifully remodeled bathroom. The desirable unit mix includes 5 - 2 bedroom/1 bathroom units and 1-1 bedroom/1 bathroom unit. There are 5 tandem parking spots behind the building providing parking for up to 10 cars depending on vehicle size. The cap rate is approximately 6% and the GRM is approximately 10 - these numbers were calculated using the actual rents for the 4 occupied units and pro forma rents for the two vacant units.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Property is located on 15th between Orizaba and Temple
Interior
Heating Other/Remarks
Cooling Other/Remarks
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7259025012
Listed by Kendra Miller, DRE#01396646 Keller Williams Coastal Prop.
NEARBY SCHOOL & BUSINESS
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