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2652 2706 E 15th Street

Long Beach, CA 90804
  • $4,600,000
  • STATUS: Active
  • ON SITE: 355 Days
  • ID#: PW23229203
UPDATED: 35 min ago
$4,600,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-12T19:01:49.153. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/146207289
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2652 2706 E 15th Street Long Beach, CA 90804

  • Price: $4,600,000
  • Status: Active
  • On Site: 355 Days
  • Updated: 35 min ago
  • ID#: PW23229203
0
Beds
0
Baths
0
½ Baths
0.5
Acres
1929
Built
Neighborhood:
Eastside (Es)
County:
Los Angeles
Area:
3 - Eastside, Circle Area
Property Description
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.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 0 Open Parking Spaces 15 Parking Total 15 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN Yes Cap Rate 5.14 Common Interest Community Apartment Community Features Sidewalks Electric Expense 5920.3 Fuel Expense 5920 Garage YN No Gross Income 374512 Gross Scheduled Income 386095 Insurance Expense 11238 Land Lease YN No Laundry Features Laundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 14000 Net Operating Income 236296 New Construction YN No New Taxes Expense 57819 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 138216 Other Expense 6000 Pest Control Expense 1092 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 5920.3 Water Sewer Expense 5920.3 Water Source Public Zoning LBR2N



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-12T19:01:49.153. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200)