Seller's Agent in 2019
Christian Milner
Christian Milner Realty Group
(310) 425-9838
5 Total Sales
544 E 15th St Long Beach, CA 90813
Central Neighborhood
5
Beds
3
Baths
6,613
Sq Ft
6,183
Sq Ft Lot
About This Home
As of December 2019Huge 6,613 square foot adobe style 8 unit building. Unit mix consists of (5) 1-bed/1-bath and (3) 2-bed/1-bath units. The units feature a mixture of hardwood floors, spacious dimensions, and various vintage built-ins and finishes. The building captures the essence of an ideal multifamily investment with great cash flow in an ideal rental market. Offered at over a 5% cap rate, paired with one of the lowest ppsf on the market, this is not an asset to miss!
Last Agent to Sell the Property
Christian Milner Realty Group License #02059572 Listed on: 05/13/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 6,183 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Parking
- 5 Car Garage
Home Design
- 6,613 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tax Lot 46
- Tax Tract Number 5753
- Assessor Parcel Number 7269031011
Community Details
Overview
- 8 Units
Building Details
- 8 Leased Units
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,645
- Water Sewer Expense $6,400
- New Taxes Expense $22,188
- Operating Expense $36,339
- Gross Income $126,294
- Net Operating Income $89,955
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/24/2019 12/24/19 | Sold | $1,630,000 | -2.7% | $246 / Sq Ft |
| 09/26/2019 09/26/19 | Price Changed | $1,675,000 | -1.5% | $253 / Sq Ft |
| 08/16/2019 08/16/19 | Price Changed | $1,700,000 | -1.4% | $257 / Sq Ft |
| 08/13/2019 08/13/19 | Price Changed | $1,725,000 | -1.4% | $261 / Sq Ft |
| 07/15/2019 07/15/19 | Price Changed | $1,750,000 | -1.4% | $265 / Sq Ft |
| 05/13/2019 05/13/19 | For Sale | $1,775,000 | -- | $268 / 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 | $27,445 | $2,122,415 | $1,273,449 | $848,966 |
| 2024 | $27,445 | $2,080,800 | $1,248,480 | $832,320 |
| 2023 | $26,481 | $2,000,000 | $1,200,000 | $800,000 |
| 2022 | $21,520 | $1,679,823 | $1,030,567 | $649,256 |
| 2021 | $21,067 | $1,646,886 | $1,010,360 | $636,526 |
| 2019 | $8,128 | $553,550 | $158,910 | $394,640 |
| 2018 | $7,841 | $542,697 | $155,795 | $386,902 |
| 2016 | $7,193 | $521,626 | $149,747 | $371,879 |
| 2015 | $6,927 | $513,792 | $147,498 | $366,294 |
| 2014 | $6,920 | $503,728 | $144,609 | $359,119 |
Source: Public Records
Agents Affiliated with this Home
-
Christian Milner
-
Cameron Samimi
Seller Co-Listing Agent in 2019
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
207 Total Sales
-
Alicia Enrique
Buyer's Agent in 2019
Alicia Enrique
Keller Williams Palos Verdes
(310) 720-4852
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19121206
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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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