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
  • 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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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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 List to Sale Price per Sq Ft
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

    11 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

    14 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

Not Listed for Sale

MultiFamily

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