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2825 E 15Th St Long Beach, CA 90804

$1,060,000 Sold Price as of 10/13/2021

2 Beds
5 Baths
2,452 Sq.Ft.

Sold

$1,060,000 Sold Price as of 10/13/2021 Refinance Your Mortgage

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Map preview of 2825 E 15Th St, Long Beach, CA 90804

Property Overview: 2825 E 15Th St Long Beach, CA has 2 bedrooms, 5 bathrooms, 2,452 living square feet and 6,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing opportunity to own a great value add income producing property in Long Beach, borderline Signal Hill!! This fully occupied asset presents 5 spacious units (room for 1 more unit) , 2 units are 1 bed, 1 bath and 3 are Studios. Units are spacious with decent sized bathrooms, also features three 1 car garages, storage unit, laundry room, and shared front yard, with plenty of street parking! Property and units have been very well maintained, as seen in photos!! Property boasts a newer roof, newer commercial grade water heater, new gates, and individual electrical meters for each. Easy potential for a 6th unit/ADU (already space for it) with a private courtyard! Location of the property is prime as it is minutes from the beach! Schools from elementary through university like CSULB are directly in the area, making this an ideal location for housing! Parks, public transportation and entertainment such as golf courses and shopping centers are a short walk/drive.

Listed by Kevin Messiha | BRE #01883819 | Keller Williams - Downtown LA

Last checked: 2 minutes ago | Last updated: March 25th, 2023 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft: 6,501
HOA Dues: $0/mo
Year built: 1939
Garage: 3 Car
Property Type:: Apartment

Status: Sold
MLS#: DW21176492
City: Long Beach
County: Los Angeles
Time on Site: 993 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 2
# of Electric Meters: 6
# of Gas Meters: 5
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,125
Total Rent: $1,125
Pro Forma/Market Rent: $2,000

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,046
Total Rent: $1,046
Pro Forma/Market Rent: $2,000

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,100
Total Rent: $1,100
Pro Forma/Market Rent: $1,850

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $945
Total Rent: $945
Pro Forma/Market Rent: $1,750

Unit Breakdown 5

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $840
Total Rent: $840
Pro Forma/Market Rent: $1,750

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $60,312
Net Operating Income: $54,659
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $5,653
Gas/Fuel: $444
New Taxes: $3,035
Trash: $0
Insurance: $1,334
Professional Management: $0
Water/Sewer: $840

Property Details for 2825 E 15Th St

Interior Features

Laundry Information

Has Laundry
Common Area, Community, Individual Room

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 3
Has Parking
Parking Features: Assigned, Garage, Garage Faces Side, Garage - Single Door, Off Street

Lot Information

Lot Features: Front Yard, Garden, Lawn
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 5
Parcel Number: 7259029030
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer, Unknown
Water Source: Public, See Remarks

Location / Neighborhood

Location Information

Directions: Nearest Cross Streets are Obispo Ave and PCH

Neighborhood Information

Community Features: Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 2825 E 15Th St

Last leased for $1,695 on March 23rd, 2023

March, 2023
Mar 23, 2023

Date

Leased

CRMLS: CV23041455

$1,695

Price
Mar 13, 2023

Date

Active

CRMLS: CV23041455

$1,695

Price
Listing provided courtesy of CRMLS

Beautifully furnished single-story studio apartment home located in the Rose Park area of Long Beach. Apartment features include wood look vinyl flooring throughout, new paint and many windows providing natural lighting. Kitchen has newer cabinets with a stove and refrigerator. Street parking only. Close to Long Beach City College, Alamitos Beach, shopping, restaurants, LB transit station etc. Do not miss out!

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August, 2021
Aug 28, 2021

Date

Active Under Contract

CRMLS: DW21176492

$1,100,000

Price
Aug 12, 2021

Date

Active

CRMLS: DW21176492

$1,100,000

Price
September, 2013
Sep 5, 2013

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2825 E 15Th St

Assessed Value (2020): $183,374

Year	Land Value	Improved Value	Assessed Value
2020	$64,949	$118,425	$183,374

Home Value Compared to the Market

This property vs the competition

2825 E 15Th St sold on October 13, 2021 for 44.74% higher than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $448.61 per/sqft which puts the price per square foot 29.13% lower than the current median sale per square foot for the city of Long Beach.

About 2825 E 15Th St

Detailed summary of property

2825 E 15Th St is a apartment that recently sold in Long Beach, CA 90804. This apartment offered 2 bedrooms, 5 bathrooms, roughly 2,452 living square feet, and sits on an approximately 6,501 square foot lot. 2825 E 15Th St was first listed on ArdentRealEstateGroup.com on August 12, 2021. The homeowner sold the property for $1,060,000. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 44.74% higher than the current median priced home. Local homes that are currently for sale include 2000 Pacific Ave, 3409 Walnut Ave and 3617 Cherry Ave. While the average home in Long Beach, CA is selling in 54 days, 2825 E 15Th St has a days on market of 14 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 2825 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 2825 E 15Th St

Public county record property details

Beds: 2
Baths: 5
Year built: 1939
Sq. Ft.: 2,052
Lot Size: 6,500
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 24
APN: 7259-029-030

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.

$612

Median Sold Price

$642,000

Median Sold Price/Sq.Ft.

$584

Total Inventory

Median Sale to List Price %

95.82%

Avg Days on Market

Loan Type

Conventional (83.33%), FHA (0%), VA (0%), Cash (0%), Other (16.67%)

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(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.