2652 2706 E 15th ST Long Beach, CA 90804
Sale
$4,600,000
20 Units
1 Beds
2 Baths
7,440 Area(sq.ft.)
21,717 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 18 | 1 | 1 | No | $ 1,592 | $ 28,656 | $ 1,800 |
| Unit 2 | 2 | studio | 1 | No | $ 1,395 | $ 2,790 | $ 1,499 |
| 2 | 20 | 18 | 20 | $ 31,446 | $ 521,388 | $ 35,398 |
| MLS #: | PW23229203MR |
| Days On Market: | 118 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 618 |
| Price per unit: | $ 230,000 |
| Year Built: | 1929 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 138,216 |
| Net Operating Income: | $ 236,296 |
| Cap Rate: | 5.14% |
| Gross Rent Multiplier: | 11.91 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
| Total Parking: | 15 |
Interior
| Laundry: | Room |
Exterior
| Pool: | No |
Detailed Map
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Income
