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1223 E 15th St, Long Beach, CA 90813
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1223 E 15th St Long Beach, CA 90813

$1,200,000 Sold Price as of 06/03/2022
  • 5 Beds
  • 4 Baths
  • 3,148 Sq.Ft.
Sold
$1,200,000 Sold Price as of 06/03/2022 Refinance Your Mortgage
Map preview of 1223 E 15th St, Long Beach, CA 90813

Property Overview: 1223 E 15th St Long Beach, CA has 5 bedrooms, 4 bathrooms, 3,148 living square feet and 10,965 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This fourplex in Cambodia Town is priced attractively. 3 of the 4 units are vacant - set your own rents. The front house features 2 units: (1) 2 beds, 1 bath, (1) 1 bed, 1 bath. The detached structure in the middle with (1) studio & permitted rumpus room is perfect for an easy ADU conversion. The rear detached home is a 2 bedroom, 1 bath with private yard. There is a total of 3,148 square feet of livable space with a massive 11,000 square foot lot, that allows for an additional ADU to be built. This property has a total of 12 parking spaces. The total pro-forma rents for this property is $7,350/month.

Listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Co-listed by Caleb Baldwin | BRE #02056751 | Sage Real Estate
Last checked: 24 seconds ago | Last updated: June 6th, 2022 | Source CRMLS | DOM: 73

Home details

Lot Sq. Ft
10,965
HOA Dues
$0/mo
Year built
1915
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
PW22045878
City
Long Beach
County
Los Angeles
Time on Site
926 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,175
  • Pro Forma/Market Rent: $2,175
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $700
  • Total Rent: $700
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,175
  • Pro Forma/Market Rent: $2,175
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,200
  • Net Operating Income: $66,150
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $22,050
  • Gas/Fuel: $0
  • New Taxes: $16,875
  • Trash: $1,200
  • Insurance: $1,200
  • Maintenance: $1,000
  • Water/Sewer: $1,200
  • Other Expenses: $575
  • Other Expense Description: MISC.

Property Details for 1223 E 15th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • Entry, Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
Interior Features
  • Unfurnished
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Driveway - Combination, Shared Driveway
Lot Information
  • Lot Features: Back Yard, Lawn, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7268035019
  • Year Built Source: Assessor
  • Property is Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: FROM PCH, HEAD SOUTH ON ORANGE/ALAMITOS, EAST ON E. 15TH, PROPERTY IS ON THE LEFT
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1223 E 15th St

Last sold for $1,200,000 on June 3rd, 2022

  • June, 2022

  • Jun 3, 2022

    Date

    Sold

    CRMLS: PW22045878

    $1,200,000

    Price

  • Mar 8, 2022

    Date

    Active

    CRMLS: PW22045878

    $1,350,000

    Price

  • July, 2021

  • Jul 21, 2021

    Date

    Withdrawn

    CRMLS: OC21026851

    $1,298,000

    Price

  • Jul 14, 2021

    Date

    Active

    CRMLS: OC21026851

    $1,298,000

    Price

  • Jun 18, 2021

    Date

    Hold

    CRMLS: OC21026851

    $1,298,000

    Price

  • Jun 1, 2021

    Date

    Active

    CRMLS: OC21026851

    $1,298,000

    Price

  • May 28, 2021

    Date

    Hold

    CRMLS: OC21026851

    $1,298,000

    Price

  • Mar 26, 2021

    Date

    Active

    CRMLS: OC21026851

    $1,298,000

    Price

  • Mar 15, 2021

    Date

    Hold

    CRMLS: OC21026851

    $1,298,000

    Price

  • Feb 13, 2021

    Date

    Active

    CRMLS: OC21026851

    $1,298,000

    Price

  • Feb 9, 2021

    Date

    Coming Soon

    CRMLS: OC21026851

    $1,298,000

    Price

  • Listing provided courtesy of CRMLS

    Long Beach Investor Special! This beautiful California Bungalow home offers 4- fully rented units and enough space to add a few more! Centrally located blocks from Long Beach City College and a short drive from Ocean Blvd, this sprawling complex offers plenty of opportunities for an experienced investor down to the house hacker. Enjoy the comforts of living in the large (over 1,300 sqft) single-level, 2 bedroom 1 bath bottom front unit (photographed) while collecting rents from the other 3 units to help pay your mortgage. This home has been recently updated with modern touches while maintaining its core architectural features. These features include, a complete remodel of the kitchen and bathroom, new wiring, plumbing, vinyl windows, laminate flooring and wall heater. The unit above is a spacious 1 bedroom (there may be space to add an additional bedroom) since it is approx 1,000 sqft, currently renting for $1,230 per month! In the middle of the property is a studio apartment ($700) above the laundry room / storage area. The storage area can be converted into a 1 or 2 bedroom apartment for extra income (approx. $1,800) or a private entertaining space for the owner to enjoy. In the back is a free standing, 2 bedroom 1 bath approx. 600 sqft home currently renting for $1,625 per month. There's also 5 off-street parking, which is highly coveted! Total Rent: $6,200 (under market) with potential to add additional units.

  • July, 2021

  • Jul 7, 2021

    Date

    Withdrawn

    CRMLS: OC21029603

    $1,298,000

    Price

  • Jun 16, 2021

    Date

    Hold

    CRMLS: OC21029603

    $1,298,000

    Price

  • Jun 1, 2021

    Date

    Active

    CRMLS: OC21029603

    $1,298,000

    Price

  • May 28, 2021

    Date

    Hold

    CRMLS: OC21029603

    $1,298,000

    Price

  • Mar 26, 2021

    Date

    Active

    CRMLS: OC21029603

    $1,298,000

    Price

  • Mar 15, 2021

    Date

    Hold

    CRMLS: OC21029603

    $1,298,000

    Price

  • Feb 13, 2021

    Date

    Active

    CRMLS: OC21029603

    $1,298,000

    Price

  • Listing provided courtesy of CRMLS

    Long Beach Investor Special! This beautiful California Bungalow home offers 4- fully rented units and enough space to add a few more! Centrally located blocks from Long Beach City College and a short drive from Ocean Blvd, this sprawling complex offers plenty of opportunities for an experienced investor down to the house hacker. Enjoy the comforts of living in the large (over 1,300 sqft) single-level, 2 bedroom 1 bath bottom front unit (photographed) while collecting rents from the other 3 units to help pay your mortgage. This home has been recently updated with modern touches while maintaining its core architectural features. These features include, a complete remodel of the kitchen and bathroom, new wiring, plumbing, vinyl windows, laminate flooring and wall heater. The unit above is a spacious 1 bedroom (there may be space to add an additional bedroom) since it is approx 1,000 sqft, currently renting for $1,230 per month! In the middle of the property is a studio apartment ($700) above the laundry room / storage area. The storage area can be converted into a 1 or 2 bedroom apartment for extra income (approx. $1,800) or a private entertaining space for the owner to enjoy. In the back is a free standing, 2 bedroom 1 bath approx. 500 sqft home currently renting for $1,625 per month. There's also 5 off-street parking, which is highly coveted! Total Rent: $6,200 (under market) with potential to add additional units.

  • May, 2019

  • May 17, 2019

    Date

    Leased

    CRMLS: OC19091026

    $2,580

    Price

  • May 15, 2019

    Date

    Pending

    CRMLS: OC19091026

    $2,350

    Price

  • May 14, 2019

    Date

    Active

    CRMLS: OC19091026

    $2,350

    Price

  • May 14, 2019

    Date

    Pending

    CRMLS: OC19091026

    $2,350

    Price

  • Apr 28, 2019

    Date

    Price Change

    CRMLS: OC19091026

    $2,350

    Price

  • Apr 22, 2019

    Date

    Active

    CRMLS: OC19091026

    $2,400

    Price

  • Listing provided courtesy of CRMLS

  • July, 2017

  • Jul 18, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1223 E 15th St

Assessed Value (2020): $60,022
Year Land Value Improved Value Assessed Value
2020 $26,871 $33,151 $60,022

Home Value Compared to the Market

This property vs the competition

1223 E 15th St sold on June 3, 2022 for 58.12% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $411.37 per/sqft which puts the price per square foot 34.49% lower than the current median sale per square foot for the city of Long Beach.

About 1223 E 15th St

Detailed summary of property

1223 E 15th St is a fourplex that recently sold in Long Beach, CA 90813. This fourplex offered 5 bedrooms, 4 bathrooms, roughly 3,148 living square feet, and sits on an approximately 10,965 square foot lot. 1223 E 15th St was first listed on ArdentRealEstateGroup.com on March 9, 2022. The homeowner sold the property for $1,200,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 58.12% higher than the current median priced home. Local homes that are currently for sale include 1961 Pine Ave, 2223 Locust and 2165 Earl Ave. While the average home in Long Beach, CA is selling in 62 days, 1223 E 15th St has a days on market of 73 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1223 E 15th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1223 E 15th St

Public county record property details
Beds
5
Baths
4
Year built
1915
Sq. Ft.
3,148
Lot Size
10,967
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
48
APN
7268-035-019

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(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.

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