2212 E 15th ST, Long Beach, CA 90804
2212 E 15th ST, Long Beach, CA 90804
2212 E 15th ST, Long Beach, CA 90804
16
See all 16 photos
$1,775,000
Est. payment /mo
Save
16 Beds
8 Baths
5,254 SqFt
New

2212 E 15th ST Long Beach, CA 90804

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,254 sqft

Price per Sqft $337

MLS Listing ID 26104748

Bedrooms 16

HOA Y/N No

Year Built 1960

Lot Size 6,516 Sqft

Property Description

2212 E 15th St | 8-Unit Multifamily Investment, Long Beach. This 1960-built asset totals 5,256 SF on an 8,409 SF lot in Eastside Long Beach, between the Cherry Avenue corridor and Zaferia. It sits a few blocks north of Anaheim Street's restaurants and coffee shops and just south of Pacific Coast Highway retail and bus lines. The property features (8) 2BR/1BA units averaging 657 SF across a front and back building, with eight on-site parking spaces at a 1:1 ratio. Six of eight units are occupied at an average rent of $1,962, four of them already at the $1,995 market rent, and Units 1 and 2 are delivered vacant. Offered at $1,775,000 ($221,875/unit | $337.71/SF) with a 7.13% cap rate on scheduled rents and a 9.39 GRM, the real story is yield a 7%+ cap at a sub-$225K basis, with two units the buyer can lease or renovate on their own terms from close.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Driveway Down Slope From Street

Total Parking Spaces 8

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 7260015003

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Darren Wade

Darren Wade

Broker Associate License ID: 01910957

+1(559) 312-7467

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from STRIVE Real Estate Group | Real Brokerage, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

I agree to be contacted by Strive Network Inc. via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary.  Terms of Service and Privacy Policy

1. We use SMS to confirm appointments, send reminders, and notify clients of schedule updates or important changes. 
 
2. You can cancel the SMS service at any time. Just text "STOP". After you send the SMS message "STOP" to us, we will send you an SMS message to confirm that you have been unsubscribed. After this, you will no longer receive SMS messages from us. If you want to join again, just sign up as you did the first time, and we will start sending SMS messages to you again. 
 
3. If you are experiencing issues with the messaging program, you can reply with the keyword “HELP” for more assistance, or you can get help directly at [admin@strivehome.com]. 
 
4. Carriers are not liable for delayed or undelivered messages. 
 
5. As always, message and data rates may apply for any messages sent to you from us and to us from you. Message frequency may vary. If you have any questions about your text plan or data plan, it is best to contact your wireless provider.
 
 6. If you have any questions regarding privacy, please read our privacy policy: [LINK TO PRIVACY POLICY]. 

Go tour this home

2212 E 15th ST