NOT LISTED FOR SALE
2 Beds
2 Baths
5,768 Sq Ft
6,970 Sq Ft Lot

Last Sold March 12, 2019

Last sale price $2,350,000 $407 Per Sq Ft

236 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • 1-Story Property
  • Woodrow Wilson High School Rated A

About This Home

As of March 2019

3249 East 15th Street, an 8-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.16-acre lot, the 5,768 square foot property consists of two-bedroom floor plans averaging over 720 square feet. Built in 1986, the property offers amenities including gated pedestrian and vehicle access, gated covered parking, private balconies, and on-site laundry.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 05/24/2018

Last Buyer's Agent

Kevin King

Marcus & Millichap License #01158184

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Landscaped

Interior Spaces

  • 5,768 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 3603
  • Assessor Parcel Number 7259006034

Community Details

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $968
  • Fuel Expense $968
  • Insurance Expense $2,000
  • Maintenance Expense $4,800
  • Other Expense $3,600
  • Professional Management Expense $3,000
  • Trash Expense $968
  • Water Sewer Expense $968
  • New Taxes Expense $29,864
  • Operating Expense $47,134
  • Gross Income $157,700
  • Net Operating Income $105,895

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Professional Management Expense: 3000.00
  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 967.50
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7259006034
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 407.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 967.50
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6969.60
  • Lot Size Acres: 0.1600

Multi Family

  • Electric Expense: 967.50
  • Fuel Expense: 967.50
  • Gross Income: 157700.00
  • Gross Operating Income: 153029.00
  • Gross Scheduled Income: 157700.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 0.1600 Acres
  • Maintenance Expense: 4800.00
  • Net Operating Income: 105895.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 47134.00
  • Other Expense: 3600.00
  • Rent Control: No
  • Total Actual Rent: 12975.00
  • Total Expenses: 47134.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 29864.00
  • Tax Census Tract: 5751.03
  • Tax Lot: 7
  • Tax Tract Number: 3603
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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
03/12/2019 03/12/19 Sold $2,350,000 0.0% $407 / Sq Ft
01/15/2019 01/15/19 Pending -- -- --
11/27/2018 11/27/18 For Sale $2,350,000 0.0% $407 / Sq Ft
09/05/2018 09/05/18 Pending -- -- --
05/24/2018 05/24/18 For Sale $2,350,000 -- $407 / 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 $33,476 $2,621,465 $1,282,845 $1,338,620
2024 $33,476 $2,570,065 $1,257,692 $1,312,373
2023 $32,910 $2,519,673 $1,233,032 $1,286,641
2022 $30,883 $2,470,268 $1,208,855 $1,261,413
2021 $30,267 $2,421,832 $1,185,152 $1,236,680
2019 $26,022 $2,035,700 $810,900 $1,224,800
2018 $6,816 $461,363 $98,891 $362,472
2016 $6,259 $442,680 $95,051 $347,629
2015 $6,031 $436,032 $93,624 $342,408
2014 $6,032 $427,492 $91,791 $335,701
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18123822

California Regional Multiple Listing Service (CRMLS)