Seller's Agent in 2021
Kevin King
Marcus & Millichap
(562) 257-1245
2 in this area
39 Total Sales
1241 E 15th St Long Beach, CA 90813
Central Neighborhood
5
Beds
2
Baths
5,340
Sq Ft
10,055
Sq Ft Lot
About This Home
As of October 2021We are pleased to present a 7-unit multifamily property. Built in 1958, the subject property, consists of 5,340 rentable square feet spread throughout a 10,055 square foot lot. The building consists of six 2-bedroom / 1-bathroom units and one 3-bedroom / 1-bathroom unit. It contains ample on-sit parking behind a longgated driveway.
Tenants enjoy living in the Macarthur Park Neighborhood Northeast of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 07/20/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 10,055 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- 5,340 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 48
- Tax Tract Number 575201
- Assessor Parcel Number 7268035017
Community Details
Overview
- 7 Units
- Eastside Subdivision
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $924
- Fuel Expense $924
- Gardener Expense $500
- Insurance Expense $2,195
- Maintenance Expense $5,495
- Other Expense $3,395
- Professional Management Expense $7,455
- Trash Expense $924
- Water Sewer Expense $924
- New Taxes Expense $27,438
- Operating Expense $50,173
- Gross Income $149,173
- Net Operating Income $99,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2021 10/11/21 | Sold | $2,195,000 | 0.0% | $411 / Sq Ft |
| 09/16/2021 09/16/21 | Pending | -- | -- | -- |
| 07/20/2021 07/20/21 | For Sale | $2,195,000 | -- | $411 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $31,203 | $2,329,351 | $1,061,208 | $1,268,143 |
| 2024 | $29,873 | $2,283,678 | $1,040,400 | $1,243,278 |
| 2023 | $29,371 | $2,238,900 | $1,020,000 | $1,218,900 |
| 2022 | $27,570 | $2,195,000 | $1,000,000 | $1,195,000 |
| 2021 | $5,618 | $354,966 | $164,703 | $190,263 |
| 2019 | $5,540 | $344,440 | $159,819 | $184,621 |
| 2018 | $5,224 | $337,687 | $156,686 | $181,001 |
| 2016 | $4,795 | $324,575 | $150,602 | $173,973 |
| 2015 | $4,626 | $319,700 | $148,340 | $171,360 |
| 2014 | $4,635 | $313,439 | $145,435 | $168,004 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21159158
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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