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Sold on 09/10/2024
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2632 E 15th St, Long Beach, CA 90804

$1,620,000

Last sold 09/10/2024 after 62 Days

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    bed

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    bath

Multi-family not for sale

About 2632 E 15th St

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Lot size 6,486 Sqft
Rental estimate
Property description
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.
Listed by
Listing Agent - Monica Yekani
Listing Agent Contact: 818-431-0467
Listing Office - The Beverly Hills Estates
Source: CRMLS mls logo
MLS#SR24139942 • last updated 2 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two, Traditional
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.1489
Lot Size (SqFt) 6486
Year Built 1958
Interior
Laundry See Remarks
Exterior
Building Area Square Feet, 4620
Parking Assigned, Tandem Uncovered
# Uncovered Spaces 12
# Parking Spaces 12
Lot Description 0-1 Unit/Acre, Yard
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View Neighborhood
County Los Angeles
Community Features Sidewalks, Street Lights
Zoning LBR2N
Directions Take I-405 S/San Diego Fwy To E Spring St In Long Beach. Take Exit 29A From I-405 S/San Diego Fwy 46 Min (45.5 Mi)Take Cherry Ave To E 15th St
APN 7260017021
Multifamily Details
Expense: Trash 1200
Operating Expense 10710
Expense: Insurance 4100
Total Expenses 10710
Expense: Maintenance 1200
Expense: Water/ Sewer 2770
Expense: Electric 1200
Gross Scheduled Income 125520
Expense: Gardener 1440
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Rental est.: $1,392/month
Gross rent multiplier: 97.0
  • Sep 2024
    mls logo MLS # SR24139942
  • Sep 12, 2024 Sold
    $1,620,000
  • Jul 10, 2024 Pending
    —
  • Jul 10, 2024 Listed
    $1,799,000 (+5.9%)
  • Sep 2024
    Public Records
  • Sep 9, 2024 Sold
    $1,620,000 (-9.9%)
  • Jun 2024
    mls logo MLS # SR24105735
  • Jun 6, 2024 Price Change
    $1,699,000 (-5.6%)
  • May 25, 2024 Listed
    $1,799,000 (+41.7%)
  • Jan 2021
    mls logo MLS # RS20242563
  • Jan 15, 2021 Sold
    $1,270,000 (-3.8%)
  • Dec 28, 2020 Pending
    —
  • Nov 18, 2020 Listed
    $1,320,000
  • Year Property taxes Tax assessment
  • 2024
    $17,977 +1.7%
    $1,348,233 +2.0%
  • 2023
    $17,671 +6.5%
    $1,321,808 +2.0%
  • 2022
    $16,596 +581.5%
    $1,295,900 +1072.55%
  • 2021
    $2,435 +0.3%
    $110,520 +1.03%
  • 2020
    $2,427
    $109,393
  • 2632 E 15th St
    $1.62M
  • Zaferia
    $420K +7% y/y
  • 90804
    $449K -7% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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