NOT LISTED FOR SALE

2425 E 15th St Long Beach, CA 90804

Zaferia Neighborhood
14 Beds
7 Baths
4,754 Sq Ft
5,855 Sq Ft Lot

Last Sold July 07, 2022

Last sale price $2,102,000 $442 Per Sq Ft

4 Days on Market

Highlights

  • Tile Flooring
  • Rectangular Lot
  • Wall Furnace
  • Woodrow Wilson High School Rated A

About This Home

As of July 2022

Rare opportunity to pick up a 7 unit-- 2 bedroom 1 bathroom income rental property with excellent history, low maintenance and monthly expenses. Owner has remodeled 5 units, 4 recently in the past 1-2 years. New roof recently installed. Fumigation recently done. New water heater recently installed. Exterior paint recently done. Newer stair railings. Extensive remodeling on the structure of the carport in 2007. 6 units of granite kitchen countertop.

Excellent location! Short drive to Long Beach Waterfront, Queen Mary, Cal State Long Beach, Leisure World, Seal Beach, Long Beach Museum of Art, shops, restaurants, public transportation. Lots of upside rent potential. Property is sold in "as is" condition. First time on the market in 20 years. Well cared for and looked after by owner.

Last Agent to Sell the Property

Jennifer Lee Chang

Jennifer Mei Lee License #01297473 Listed on: 06/09/2022

Last Buyer's Agent

Nina Le

Buckingham Investments, Inc License #02126566

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,855 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • Partial Copper Plumbing

Interior Spaces

  • 4,754 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Gas Oven

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 97
  • Tax Tract Number 1577
  • Assessor Parcel Number 7260012015

Community Details

Overview

  • 7 Units
  • Eastside Subdivision

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $427
  • Insurance Expense $2,209
  • Other Expense $1,258
  • Professional Management Expense $3,600
  • Trash Expense $2,322
  • Water Sewer Expense $2,448
  • New Taxes Expense $29,000
  • Operating Expense $42,055
  • Gross Income $144,600
  • Net Operating Income $102,545

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Inclusions: Shed on premises
  • Price Per Unit: 285429
  • Professional Management Expense: 3600.00
  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 2448.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7260012015
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 442.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 2322.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5855.00
  • Lot Size Acres: 0.1344

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 678 Square Feet
  • Electric Expense: 427.00
  • Gross Income: 144600.00
  • Gross Scheduled Income: 144600.00
  • Insurance Expense: 2209.00
  • Lot Size Area: 5855.0000 Square Feet
  • Net Operating Income: 102545.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 42055.00
  • Other Expense: 1258.00
  • Other Expense Description: gas
  • Rent Control: No
  • Total Expenses: 42055.00

Tax Info

  • New Taxes Expense: 29000.00
  • Tax Census Tract: 5751.01
  • Tax Lot: 97
  • Tax Tract Number: 1577

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Sold $2,102,000 +5.2% $442 / Sq Ft
06/09/2022 06/09/22 For Sale $1,998,000 -- $420 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jennifer Lee Chang

    Jennifer Mei Lee

    (626) 626-8909

    1 in this area

    9 Total Sales

    Jennifer Lee Chang
    Section Image
  • Nina Le

    Buyer's Agent in 2022

    Nina Le

    Buckingham Investments, Inc

    (818) 415-9362

    2 in this area

    10 Total Sales

    Nina Le
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22121606

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90804 Zaferia

2425 E 15th St, Long Beach, CA

This home is located at 2425 E 15th St, Long Beach, CA 90804 since 09 June 2022. This property was built in 1963. 2425 E 15th St is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Creative Arts School.

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.

California Regional Multiple Listing Service (CRMLS) 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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