Long Beach, CA 90804 2652 2706 E 15th Street
$4,600,000
8 more
Presented By: Robert Stepp with Keller Williams - Santa Monica; rstepp@steppcommercial.com
- MLS# PW23229203
- 12/22/2023
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 18
Baths • 2
SQFT • 7,440
Home 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.
Presented By: Robert Stepp with Keller Williams - Santa Monica; rstepp@steppcommercial.com
Interior Features for 2652 2706 E 15th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Total Stories1
Other Rooms
Entry Level1
General for 2652 2706 E 15th Street
Additional Parcels Description7260017018
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.14
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
DirectionsE Anaheim St
Electric Expense5920.3
Electric On Property Y/NNo
Entry Location1
Fuel Expense5920.0
Garage Spaces0.0
Garage Y/NNo
Gross Income374512.0
HOANo
Home Warranty Y/NNo
Insurance Expense11238.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet21717.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MaintenanceExpense14000.0
MobileHomeRemainsYNNo
Net Operating Income236296.0
New ConstructionNo
Number Of Units Total20
Open Parking Spaces15.0
Operating Expense138216.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameEastside (ES)
Tax Lot75
Taxes$57,819
Trash Expense5920.3
Water Sewer Expense5920.3
Waterfront Y/NNo
Year Built1929
Year Built SourceAssessor
ZoningLBR2N
Exterior for 2652 2706 E 15th Street
Building Area Total7440.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre
Lot Size Acres0.4986
Lot Size Area21717.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters0
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking15.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate