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2632 E 15th Street

Long Beach, CA 90804

– beds
– baths
– sqft
6,486 sqft lot
1958 build
– on site

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Investment 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.

Listed By CRMLS_CA / Monica Yekani / The Beverly Hills Estates / 818-431-0467

Last checked: Checking… • Last updated Sep 12, 2024 •

MLS# SR24139942 —

The Building

Year Built:

1958
Year Built Source:

Assessor
New Construction:

No
Architectural Style:

Traditional
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

4620.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

6
Stories Total:

2
# of Separate Gas Meters:

6
# of Separate Electric Meters:

6

Interior

Levels:

Two
Entry Location:

ground
Fireplace:

No
Fireplace:

None
Laundry:

See Remarks
Laundry:

1

Location

Directions:

Take I-405 S/San Diego Fwy to E Spring St in Long Beach. Take exit 29A from I-405 S/San Diego Fwy 46 min (45.5 mi)Take Cherry Ave to E 15th St
Latitude:

33.78596600
Longitude:

-118.16028900

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LBR2N
Lot Features:

0-1 Unit/Acre, Yard
Lot Size Area:

6486.0000
Lot Size Acres:

0.1489
Lot Size SqFt:

6486.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Fencing:

Block
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5751.02
Tax Tract:

1577
Tax Lot:

77

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7260017021

Heating & Cooling

Cooling:

No
Cooling:

None

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Electricity - On Property, Standard
Water Source:

Public

The Community

Senior Community:

No
Features:

Sidewalks, Street Lights
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Assigned, Tandem Uncovered
Parking Spaces:

12.00
Uncovered Spaces:

12.00

Extra Units

Average 2 Bed Area:

770

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/10/24 Sep 10, 2024	Sold	CRMLS_CA	$1,620,000	-9.9%
7/10/24 Jul 10, 2024	Pending	CRMLS_CA	$1,799,000
7/10/24 Jul 10, 2024	Listed / Active	CRMLS_CA	$1,799,000	41.7% (12.0% / YR)

Multifamily Sold on 9/10/2024

$1,620,000

Listing provided by broker:

Monica Yekani

The Beverly Hills Estates

818-431-0467

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Listing Courtesy of: CRMLS_CA and The Beverly Hills Estates. Based on information from California Regional Multiple Listing Service, Inc. as of 09:47 on Nov 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

2632 E 15th Street

Long Beach, CA 90804