2652 15th, Long Beach CA 90804 for sale - Presented to you by Stowell & Associates of

2652 15th

Long Beach CA 90804

$4,600,000

Status: Active

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Property Details

0 bedrooms

0 Sq Ft

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Year Built: 1929

0 Bathrooms

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21717 Lot Sq Ft

Community: 3 - Eastside, Circle Area

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Type: Commercial/Residential

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Stories: 1

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MLS#: PW23229203

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0 bedrooms

0 Sq Ft

Year Built: 1929

0 Bathrooms

span widget

21717 Lot Sq Ft

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Community: 3 - Eastside, Circle Area

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Type: Commercial/Residential

Stories: 1

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MLS#: PW23229203

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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.

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