Investment Opportunity in Prime Long Beach Location. We are excited to present an exceptional investment opportunity in the highly sought-after Long Beach area. This well-maintained property comprises six spacious, unfurnished units, each offering 2 bedrooms and 1 bathroom with approximately 770 square feet of living space and well over $120K in renovations and upgrades. The total building area is 4,620 square feet, situated on a lot of 6,486 square feet. Key Features: Fully Occupied Units: All six units are currently occupied, ensuring immediate and steady rental income.Desirable Layout: Each unit features 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces. Enclosed Yard: Tenants enjoy the added benefit of an enclosed yard, enhancing the property's appeal. Prime Location: The property is ideally located near amenities, schools, and transportation. Rent Controlled: The property operates under rent control, offering stability and predictability in rental income. This investment offers a combination of reliable income and the potential for long-term appreciation in a coveted area. Great long term tenants, low maintenance. Don't miss out on this outstanding opportunity to bolster your investment portfolio with this bread and butter 6-unit residential income property.
Sold for $1,620,000
Listed by: The Beverly Hills Estates • Monica Yekani • Contact: 310-626-4248
Bought with: Hyun Joo Hong, Broker
$1,620,000
2632 E 15th St, Long Beach, CA 90804
12beds
6baths
4,620sqft
Mixed Use
Built in 1958
-- sqft lot
$1,689,200 Zestimate®
$351/sqft
$2,575 Estimated rent
Home value
$1,689,200
$1.54M - $1.88M
$2,575/mo
Zestimate® history
Owner options
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$2,575/mo
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$2,575/mo
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$10,214/mo
Est. payment
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$10,214/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Monica Yekani DRE #01994120 818-431-0467,
The Beverly Hills Estates
Bought with:
Maly (Molly) Ly, DRE #01293467
Hyun Joo Hong, Broker
Source: CRMLS,MLS#: SR24139942
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Cooling
- None
Appliances
- Laundry: See Remarks
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,620
- Total interior livable area: 4,620 sqft
Property
Parking
- Total spaces: 12
- Parking features: Assigned, Tandem, Uncovered
- Uncovered spaces: 12
Features
- Levels: Two
- Stories: 2
- Entry location: ground
- Pool features: None
- Spa features: None
- Fencing: Block
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,486 Square Feet
- Features: 0-1 Unit/Acre, Yard
Details
- Parcel number: 7260017021
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Electric: Electricity - On Property, Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Street Lights, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $351/sqft
- Date on market: 7/10/2024
- Cumulative days on market: 44 days
- Listing terms: Cash to New Loan
- Tenant pays: All Utilities, Electricity, Gas, Parking Fee
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2024 | Sold | $1,620,000+27.6%$351/sqft |
Source:  CRMLS #SR24139942 Report a problem | ||
| 1/15/2021 | Sold | $1,270,000-3.8%$275/sqft |
Source:  CRMLS #RS20242563 Report a problem | ||
| 12/29/2020 | Pending sale | $1,320,000$286/sqft |
Source: Berkshire Hathaway HomeServices California Properties #RS20242563 Report a problem | ||
| 11/19/2020 | Listed for sale | $1,320,000$286/sqft |
Source: Berkshire Hathaway Hm Ser #RS20242563 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Zaferia
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Nearby schools
GreatSchools rating
- 6/10Lee Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10Jefferson Leadership Academies SchoolGrades: 6-8Distance: 1 mi
- 6/10Wilson High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$1,689,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,689,200
- California
- Los Angeles County
- Long Beach
- 90804
- Zaferia
- 2632 E 15th St
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