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2425 E 15Th St, Long Beach, CA 90804
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2425 E 15Th St Long Beach, CA 90804

$2,102,000 Sold Price as of 07/07/2022
  • 14 Beds
  • 7 Baths
  • 4,754 Sq.Ft.
Sold
$2,102,000 Sold Price as of 07/07/2022 Refinance Your Mortgage
Map preview of 2425 E 15Th St, Long Beach, CA 90804

Property Overview: 2425 E 15Th St Long Beach, CA has 14 bedrooms, 7 bathrooms, 4,754 living square feet and 5,855 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity to pick up a 7 unit-- 2 bedroom 1 bathroom income rental property with excellent history, low maintenance and monthly expenses. Owner has remodeled 5 units, 4 recently in the past 1-2 years. New roof recently installed. Fumigation recently done. New water heater recently installed. Exterior paint recently done. Newer stair railings. Extensive remodeling on the structure of the carport in 2007. 6 units of granite kitchen countertop. Excellent location! Short drive to Long Beach Waterfront, Queen Mary, Cal State Long Beach, Leisure World, Seal Beach, Long Beach Museum of Art, shops, restaurants, public transportation. Lots of upside rent potential. Property is sold in "as is" condition. First time on the market in 20 years. Well cared for and looked after by owner.

Listed by Jennifer Lee Chang | BRE #01297473 | Jennifer Mei Lee
Last checked: 3 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
5,855
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
AR22121606
City
Long Beach
County
Los Angeles
Time on Site
709 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,662
  • Total Rent: $1,662
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,804
  • Total Rent: $1,804
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,692
  • Total Rent: $1,692
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,720
  • Total Rent: $1,720
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,649
  • Total Rent: $1,649
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,719
  • Total Rent: $1,719
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,804
  • Total Rent: $1,804
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $144,600
  • Net Operating Income: $102,545
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $42,055
  • Electric: $427
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $29,000
  • Trash: $2,322
  • Gardener: $0
  • Insurance: $2,209
  • Workman's Comp: $0
  • Professional Management: $3,600
  • Water/Sewer: $2,448
  • Other Expenses: $1,258
  • Other Expense Description: gas

Property Details for 2425 E 15Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Water Heater
Interior Features
  • Copper Plumbing Partial
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 7260012015
  • Year Built Source: Assessor
  • Property is not Attached
  • Offered With Property: Shed on premises
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: E/Cherry S/Whittier
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 2425 E 15Th St

Last sold for $2,102,000 on July 7th, 2022

  • July, 2022

  • Jul 7, 2022

    Date

    Sold

    CRMLS: AR22121606

    $2,102,000

    Price

  • Jun 9, 2022

    Date

    Active

    CRMLS: AR22121606

    $1,998,000

    Price

  • October, 2002

  • Oct 22, 2002

    Date

    Sold (Public Records)

    Public Records

    $355,000

    Price

Show More

Tax History for 2425 E 15Th St

Assessed Value (2020): $470,256
Year Land Value Improved Value Assessed Value
2020 $264,856 $205,400 $470,256

Home Value Compared to the Market

This property vs the competition

2425 E 15Th St sold on July 7, 2022 for 149.75% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $420.28 per/sqft which puts the price per square foot 33.5% lower than the current median sale per square foot for the city of Long Beach.

About 2425 E 15Th St

Detailed summary of property

2425 E 15Th St is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 14 bedrooms, 7 bathrooms, roughly 4,754 living square feet, and sits on an approximately 5,855 square foot lot. 2425 E 15Th St was first listed on ArdentRealEstateGroup.com on June 9, 2022. The homeowner sold the property for $2,102,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 149.75% higher than the current median priced home. Local homes that are currently for sale include 1141 E 16th St, 468 Gaviota Ave and 1616 E 4th St. While the average home in Long Beach, CA is selling in 51 days, 2425 E 15Th St has a days on market of 4 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 2425 E 15Th St Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2425 E 15Th St

Public county record property details
Beds
14
Baths
7
Year built
1963
Sq. Ft.
4,754
Lot Size
5,855
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
97
APN
7260-012-015

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), 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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