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2652 E 15Th St, Long Beach, CA 90804
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2652 E 15Th St Long Beach, CA 90804

$4,600,000
  • 18 Beds
  • 20 Baths
  • 7,440 Sq.Ft.
For Sale
$4,600,000 Get Pre-Qualified
Map preview of 2652 E 15Th St, Long Beach, CA 90804

Property Overview: 2652 E 15Th St Long Beach, CA has 18 bedrooms, 20 bathrooms, 7,440 living square feet and 21,717 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 13 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 125
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Home details

Lot Sq. Ft
21,717
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
PW23229203
City
Long Beach
County
Los Angeles
Time on Site
127 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 2
  • # of Electric Meters: 0
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 18
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,592
  • Total Rent: $28,656
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $2,790
  • Pro Forma/Market Rent: $1,499
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.14%
  • Gross Rent Multiplier: 11.91
  • Gross Scheduled Income: $386,095
  • Net Operating Income: $236,296
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $138,216
  • Electric: $5,920
  • Gas/Fuel: $5,920
  • Licenses: $1,500
  • New Taxes: $57,819
  • Trash: $5,920
  • Gardener: $2,033
  • Insurance: $11,238
  • Maintenance: $14,000
  • Professional Management: $20,853
  • Water/Sewer: $5,920
  • Other Expenses: $6,000
  • Other Expense Description: Reserves

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Property Details for 2652 E 15Th St

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 20
  • Parcel Number: 7260017019
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: E Anaheim St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 2652 E 15Th St

Last sold for $410,004 on November 30th, 2012

  • December, 2023

  • Dec 22, 2023

    Date

    Active

    CRMLS: PW23229203

    $4,600,000

    Price

  • December, 2022

  • Dec 21, 2022

    Date

    Canceled

    CRMLS: OC22221740

    $4,600,000

    Price

  • Oct 13, 2022

    Date

    Active

    CRMLS: OC22221740

    $5,000,000

    Price

  • Listing provided courtesy of CRMLS

    2652 & 2706 East 15th Street is a 2-property, 20-unit multifamily investment portfolio located in Long Beach, a premier rental market in Los Angeles County, California. 2652 & 2706 East 15th Street consists of 2 adjacent multifamily properties, with 8 and 12 units respectively, and offers 90% one-bedroom floor plans. Built in 1929 and 1939, the properties feature single-story construction and amenities including security doors, private patios (select units), on-site laundry, and a spacious gated parking lot. 2652 & 2706 East 15th Street offers an investor the opportunity to potentially add up to two accessory dwelling units.

  • November, 2012

  • Nov 30, 2012

    Date

    Sold (Public Records)

    Public Records

    $410,004

    Price

  • November, 2012

  • Nov 30, 2012

    Date

    Sold (Public Records)

    Public Records

    $216,000

    Price

Show More

Tax History for 2652 E 15Th St

Assessed Value (2020): $760,673
Year Land Value Improved Value Assessed Value
2020 $422,240 $338,433 $760,673

Home Value Compared to the Market

This property vs the competition

2652 E 15Th St is listed 475.07% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $618.28 per/sqft which puts the price per square foot 2.94% lower than the median price per square foot for the city of Long Beach.

About 2652 E 15Th St

Detailed summary of property

2652 E 15Th St is a mixed use located in Long Beach, CA 90804 and is currently for sale. This mixed use property offers 18 bedrooms, 20 bathrooms, roughly 7,440 living square feet, and sits on an approximately 21,717 square foot lot. 2652 E 15Th St was first listed on ArdentRealEstateGroup.com on December 22, 2023. The homeowner is currently asking $4,600,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 475.07% higher than the median priced home. Local competing homes currently for sale include 1141 N Mission Rd, 1210 Magnolia Ave and 133 S Melrose St. While the average home in Long Beach, CA is selling in 54 days, 2652 E 15Th St has a days on market of 125 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 2652 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 2652 E 15Th St

Public county record property details
Beds
8
Baths
8
Year built
1929
Sq. Ft.
3,026
Lot Size
6,514
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
75
APN
7260-017-019

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
$519,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$642,000
Median Sold Price/Sq.Ft.
$584
Total Inventory
41
Median Sale to List Price %
95.82%
Avg Days on Market
25
Loan Type
Conventional (83.33%), FHA (0%), VA (0%), Cash (0%), Other (16.67%)

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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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