2922 E 15th Street, Long Beach, CA 90804
- $1,200,000
Listing courtesy of Listing Agent: Kendra Miller (kendramiller@kw.com) from Listing Office: Keller Williams Coastal Prop..
- List Price
- $1,200,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 8
- MLS#
- PW26171369
- Subtype
- Residential Income
- Style
- Traditional
- Year Built
- 1960
- Lot Size
- 5,008
- Acres
- 0.12
- Subdivision
- Circle (Ca)
- Neighborhood
- Circle (Ca)
- MLS Area Major
- Eastside, Circle Area (3)
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.
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Additional Information
- Exterior Features
- Lighting
- Property Description
- Traditional
- Flooring
- Carpet, Tile, Vinyl
- Heating
- See Remarks, Wall Furnace
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Flat
- Pool Type
- None
- Parking Features
- On Site, Off Street, Tandem, Unassigned, Uncovered
- View
- None
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.