2922 East 15th Street, Long Beach, CA 90804
2922 East 15th Street, Long Beach, CA 90804
2922 East 15th Street, Long Beach, CA 90804
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Kendra Miller • Keller Williams Coastal Prop.
$1,200,000
Est. payment /mo
3,950 SqFt
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Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,950 sqft

Price per Sqft $303

MLS Listing ID PW-26171369

Style Traditional

Year Built 1960

Lot Size 5,008 Sqft

Property Sub-Type Apartment

Source California Regional Multiple Listing Service (CRMLS)

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 Wall Furnace, See Remarks

Flooring Carpet, Tile, Vinyl

Fireplaces Type None

Laundry Individual Room, Outside

Exterior

Exterior Feature Lighting

Parking Features Off Street, On Site, Tandem Uncovered, Unassigned

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description Front Yard, Level with Street, Near Public Transit, Rectangular Lot

Sewer Public Sewer

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

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2922 East 15th Street