2632 E 15th St Long Beach, CA 90804
Zaferia Neighborhood
12
Beds
6
Baths
4,620
Sq Ft
6,486
Sq Ft Lot
Highlights
- Traditional Architecture
- Private Yard
- Neighborhood Views
- Woodrow Wilson High School Rated A
- No HOA
- 4-minute walk to Orizaba Park
About This Home
As of September 2024Investment 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.
Last Agent to Sell the Property
The Beverly Hills Estates Brokerage Phone: 818-431-0467 License #01994120 Listed on: 07/10/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 6,486 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Private Yard
- Density is up to 1 Unit/Acre
Home Design
- Traditional Architecture
- Property Attached
Interior Spaces
- 4,620 Sq Ft Home
- 2-Story Property
- Neighborhood Views
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
- Parking Available
- Tandem Uncovered Parking
- Assigned Parking
Additional Features
- Exterior Lighting
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities, electricity, gas, parking fee
- Tax Lot 77
- Tax Tract Number 1577
- Assessor Parcel Number 7260017021
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Electric Expense $1,200
- Gardener Expense $1,440
- Insurance Expense $4,100
- Maintenance Expense $1,200
- Trash Expense $1,200
- Water Sewer Expense $2,770
- Operating Expense $10,710
- Net Operating Income $114,810
Similar Homes in Long Beach, CA
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2024 09/10/24 | Sold | $1,620,000 | -9.9% | $351 / Sq Ft |
| 07/10/2024 07/10/24 | Pending | -- | -- | -- |
| 07/10/2024 07/10/24 | For Sale | $1,799,000 | +41.7% | $389 / Sq Ft |
| 01/15/2021 01/15/21 | Sold | $1,270,000 | -3.8% | $275 / Sq Ft |
| 12/20/2020 12/20/20 | Pending | -- | -- | -- |
| 11/18/2020 11/18/20 | For Sale | $1,320,000 | -- | $286 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
M
Seller's Agent in 2024
Monica Yekani
The Beverly Hills Estates
(818) 379-7700
1 in this area
25 Total Sales
-
Buyer's Agent in 2024
Molly Ly
Hyun Joo Hong, Broker
(562) 235-2205
1 in this area
28 Total Sales
-
R
Seller's Agent in 2021
Rene Cardona
SOUTHLAND Real Estate Service
(323) 563-8813
1 in this area
19 Total Sales
-
N
Buyer's Agent in 2021
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,774 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24139942
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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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