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1241 E 15Th St, Long Beach, CA 90813
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1241 E 15Th St Long Beach, CA 90813

$2,195,000 Sold Price as of 10/11/2021
  • 15 Beds
  • 7 Baths
  • 5,340 Sq.Ft.
Sold
$2,195,000 Sold Price as of 10/11/2021 Refinance Your Mortgage
Map preview of 1241 E 15Th St, Long Beach, CA 90813

Property Overview: 1241 E 15Th St Long Beach, CA has 15 bedrooms, 7 bathrooms, 5,340 living square feet and 10,055 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a 7-unit multifamily property. Built in 1958, the subject property, consists of 5,340 rentable square feet spread throughout a 10,055 square foot lot. The building consists of six 2-bedroom / 1-bathroom units and one 3-bedroom / 1-bathroom unit. It contains ample on-sit parking behind a longgated driveway. Tenants enjoy living in the Macarthur Park Neighborhood Northeast of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
10,055
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21159158
City
Long Beach
County
Los Angeles
Time on Site
1157 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,725
  • Total Rent: $10,350
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,280
  • Total Rent: $2,280
  • Pro Forma/Market Rent: $2,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $151,560
  • Net Operating Income: $99,000
  • Gross Operating Income: --
  • Laundry Income: $2,160
Annual Expense Breakdown
  • Total Operating Expense: $50,173
  • Electric: $924
  • Gas/Fuel: $924
  • New Taxes: $27,438
  • Trash: $924
  • Gardener: $500
  • Insurance: $2,195
  • Maintenance: $5,495
  • Professional Management: $7,455
  • Water/Sewer: $924
  • Other Expenses: $3,395
  • Other Expense Description: Other

Property Details for 1241 E 15Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 7268035017
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Septic Type Unknown, Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: 15th St. & Alamitos
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1241 E 15Th St

Last sold for $2,195,000 on October 11th, 2021

  • September, 2021

  • Sep 16, 2021

    Date

    Pending

    CRMLS: PW21159158

    $2,195,000

    Price

  • Aug 4, 2021

    Date

    Active Under Contract

    CRMLS: PW21159158

    $2,195,000

    Price

  • Jul 20, 2021

    Date

    Active

    CRMLS: PW21159158

    $2,195,000

    Price

  • December, 2013

  • Dec 19, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2000

  • May 10, 2000

    Date

    Sold (Public Records)

    Public Records

    $250,000

    Price

Show More

Tax History for 1241 E 15Th St

Assessed Value (2020): $351,328
Year Land Value Improved Value Assessed Value
2020 $163,015 $188,313 $351,328

Home Value Compared to the Market

This property vs the competition

1241 E 15Th St sold on October 11, 2021 for 168.01% 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 $411.05 per/sqft which puts the price per square foot 34.55% lower than the current median sale per square foot for the city of Long Beach.

About 1241 E 15Th St

Detailed summary of property

1241 E 15Th St is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 15 bedrooms, 7 bathrooms, roughly 5,340 living square feet, and sits on an approximately 10,055 square foot lot. 1241 E 15Th St was first listed on ArdentRealEstateGroup.com on July 20, 2021. The homeowner sold the property for $2,195,000. 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 168.01% higher than the current median priced home. Local homes that are currently for sale include 1885 Chestnut Ave, 435 W 11th St and 321 W Hill St. While the average home in Long Beach, CA is selling in 62 days, 1241 E 15Th St has a days on market of 58 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 1241 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 1241 E 15Th St

Public county record property details
Beds
15
Baths
7
Year built
1958
Sq. Ft.
5,340
Lot Size
10,055
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
48
APN
7268-035-017

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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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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