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Listed by Robert Stepp • Keller Williams Realty Downey
$ 4,600,000
Est. payment | /mo
7,440 SqFt
$ 4,600,000
Est. payment | /mo
7,440 SqFt
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 7,440 sqft
Price per Sqft $618
Subdivision Eastside
MLS Listing ID PW-23229203
Year Built 1929
Lot Size 0.499 Acres
Property Sub-Type Commercial/Residential
Property Description
2652 E. 15th Street is a 20-unit asset, located in the Zaferia Design District in Long Beach, California. The property is comprised of (18) 1BD/1BA and (2) studio units.Spread across a 21,717 square foot lot, the property has 15 surface parking spaces and two laundry rooms on site for additional income. Priced at a 5.14% cap rate & 11.91 GRM, new ownership can stabilize the asset at a 6.09% cap rate and 10.61 GRM.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Laundry Individual Room
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer