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

Sale Details

Date Sold: March 12, 2019

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

236 Days on Market

Highlights

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

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 in unit

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

6,970 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $34,976 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18123822

California Regional Multiple Listing Service (CRMLS)
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