2652-2706 E 15th St - Apartments FOR SALE


Long Beach, CA 90804
$4,600,000 USD
310-463-2916
2652-2706 E 15th St, Long Beach, CA for Sale
$4,600,000 USD
Apartments - FOR SALE
1/14
null | 5.14% Cap Rate

2652-2706 E 15th St
Long Beach, CA 90804


HIGHLIGHTS

  • Priced at 5.14% Cap Rate / 11.91 GRM with Upside to 6.09% Cap Rate / 10.61 GRM
  • 2 Laundry Rooms and Gated Parking Lot w/ 15 Spaces Offer Additional Income
  • Large 21,717 SF Lot Offers Opportunity to Build New ADUs
  • Zaferia Design District Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$618 USD /SF

# OF UNITS

20

PRICE/UNIT

$230,000

CAP RATE

5.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,719 SF

ZONING

R2N

APN/PARCEL ID

7260-017-018,7260-017-019

ASK ABOUT THIS PROPERTY

Robert SteppStepp CommercialMore Info
310-463-2916

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Robert SteppStepp CommercialMore Info
310-463-2916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.