$1,165,000
$1,200,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
2922 E 15th ST Long Beach, CA 90804
5,009 Sqft Lot
Key Details
Sold Price $1,165,000
Property Type Other Types
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Circle (Ca)
MLS Listing ID PW26171369
Sold Date 08/31/26
HOA Y/N No
Year Built 1960
Lot Size 5,009 Sqft
Property Sub-Type Apartment
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 See Remarks, Wall Furnace
Cooling See Remarks
Flooring Carpet, Tile, Vinyl
Fireplaces Type None
Fireplace No
Laundry Laundry Room, Outside
Exterior
Exterior Feature Lighting
Parking Features On Site, Off Street, Tandem, Unassigned, Uncovered
Fence Wood
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Flat
Accessibility None
Total Parking Spaces 10
Private Pool No
Building
Lot Description Front Yard, Near Public Transit, Rectangular Lot, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7259025012
Security Features Carbon Monoxide Detector(s),Key Card Entry,Smoke Detector(s)
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Trust
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Bought with Jonathan Gallagher Landmark Realtors, Inc.