NOT LISTED FOR SALE

544 E 15th St Long Beach, CA 90813

Central Neighborhood
5 Beds
3 Baths
6,613 Sq Ft
6,183 Sq Ft Lot

Last Sold December 24, 2019

Last sale price $1,630,000 $246 Per Sq Ft

179 Days on Market

About This Home

As of December 2019

Huge 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

Christian Milner Realty Group License #02059572 Listed on: 05/13/2019

Co-Listed By

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Last Buyer's Agent

Alicia Enrique

Keller Williams Palos Verdes License #01423992

Keller Williams Palos Verdes

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 6400.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7269031011
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 246.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6183.00
  • Lot Size Acres: 0.1419

Multi Family

  • Gross Income: 126294.00
  • Gross Scheduled Income: 130200.00
  • Insurance Expense: 2645.00
  • Lot Size Area: 6183.0000 Square Feet
  • Net Operating Income: 89955.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 36339.00
  • Rent Control: No
  • Total Actual Rent: 10850.00
  • Total Expenses: 36339.00

Tax Info

  • New Taxes Expense: 22188.00
  • Tax Lot: 46
  • Tax Tract Number: 5753

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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List Price
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christian Milner

    Seller's Agent in 2019

    Christian Milner

    Christian Milner Realty Group

    (310) 425-9838

    7 Total Sales

    Christian Milner
    Section Image
  • Cameron Samimi

    Seller Co-Listing Agent in 2019

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    1 in this area

    203 Total Sales

    Cameron Samimi
    Section Image
  • Alicia Enrique

    Buyer's Agent in 2019

    Alicia Enrique

    Keller Williams Palos Verdes

    (310) 720-4852

    27 Total Sales

    Alicia Enrique
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19121206

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Central

544 E 15th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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