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Listed by Kendra Miller, DRE #01396646 • Keller Williams Coastal Prop.
$ 1,200,000
Est. payment /mo
Pending
2922 E 15th ST Long Beach, CA 90804
5,008 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRPW26171369
Style Traditional
Year Built 1960
Lot Size 5,008 Sqft
Source California Regional MLS
Property Description
Traffic circle adjacent, 6-unit apartment building in which $156,500 has been spent on capital improvements over the last year. These improvements include a new roof (May 2026), sewer work and installation of a sewer clean out, renovated laundry room including the purchase of 3 washing machines and 3 dryers, exterior dawn to dusk lighting, addition of coded locks on the gates, and a fully renovated 2-bedroom unit. The renovation of this unit includes the following new items: mini split providing heat and air conditioning, kitchen cabinets, counters and appliances, luxury vinyl flooring, windows and blinds, lighting fixtures, and beautifully remodeled bathroom. The desirable unit mix includes 5 - 2 bedroom/1 bathroom units and 1-1 bedroom/1 bathroom unit. There are 5 tandem parking spots behind the building providing parking for up to 10 cars depending on vehicle size. The cap rate is approximately 6% and the GRM is approximately 10 - these numbers were calculated using the actual rents for the 4 occupied units and pro forma rents for the two vacant units.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Heating Other, Wall Furnace
Cooling Other
Laundry In Laundry Room, Other, Washer/Dryer - Owned
Exterior
Parking Features Unassigned Spaces, Common Parking Area, Off-Street Parking
Garage Spaces 10.0
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Lot Description Grade - Level
Water District - Public
Architectural Style Traditional
Others
Tax ID 7259025012
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