Pending

2632 E 15th Street

Long Beach CA, 90804

$1,799,000


$389.39 per sqft

Pending

4,620 sqft

Multi-family

Built in 1958

Listed by Monica Yekani with The Beverly Hills Estates 310-626-4248

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.

SR24139942

MLS ID

July 10, 2024

Listed

July 14, 2024

Updated

Map

2632 E 15th Street
Long Beach CA, 90804

Interior Features

Total Stories

2


Laundry Description

See Remarks


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

No

Exterior/Building Features

Lot Size

0.15 Acres


Lot Features

0-1 Unit/Acre, Yard


Architectual Style

Traditional


Sewer

Public Sewer

Other Property Details

Area Name

699 - Not Defined


Garage

No


Parking

Assigned, Tandem, Uncovered


Parking Total

12


View

Yes


View Description

Neighborhood


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LBR2N


Buyer Agency Compensation

2%

Listing Contact: 310-626-4248 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 7:27 AM UTC

 

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