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    2652 E. 15th Street Long Beach, CA 90804

    Sponsored
    For Sale
    $4,600,000

    20-unit multifamily property in Long Beach's Zaferia Design District.

    Property size:
    21,717 SF

    Description

    Added:
    Jan 16, 2025
    Days on Market:
    359
    This exceptional investment opportunity presents a 20-unit multifamily property situated in Long Beach, California's vibrant Zaferia Design District. The property, located at 2652 E. 15th Street, boasts a total of 20 units, comprised of eighteen one-bedroom, one-bathroom units and two studio units. Situated on a substantial 21,717 square foot lot (approximately 0.498 acres), the property includes 15 surface parking spaces, a valuable amenity for residents. Two on-site laundry rooms provide additional income streams. Currently priced to yield a 5.47% cap rate and an 11.56 GRM, prospective owners have the potential to increase profitability, stabilizing the asset at a 6.18% cap rate and a 10.61 GRM. The expansive lot size presents further development potential, such as the construction of additional dwelling units (ADUs). This property offers a compelling combination of immediate income generation and significant long-term growth potential in a desirable Long Beach location. The property's zip code is 90804.

    Property Features for 2652 E. 15th Street

    General Information

    Property type
    Multifamily properties
    Square Feet
    21,717 SF
    Price / Square Foot
    $211
    Elevators
    N/A
    Lot Size
    21,717 SF

    Building Details

    Stories
    1
    Units
    20

    HighLights

    • 20‑unit multifamily property in Long Beach's Zaferia Design District.
    • Features 15 surface parking spaces and two on‑site laundry rooms.
    • Sits on a large 21,717 sq ft lot, offering potential for expansion.
    Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    State
    California
    Longitude
    -118.159972
    Latitude
    33.78597

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    FAQs

    What type of property is this?
    Multifamily property - 20-unit multifamily property in Long Beach's Zaferia Design District.
    Where is this multifamily property located?
    The property is located at 2652 E. 15th Street Long Beach, CA.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: 20-unit multifamily property in Long Beach's Zaferia Design District.; Features 15 surface parking spaces and two on-site laundry rooms.; Sits on a large 21,717 sq ft lot, offering potential for expansion.
    (310) 774-3740
    Request Owner's contact information
    2652 E. 15th Street Long Beach, CA 90804
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    Long Beach, CA 90804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2652 E. 15th Street Long Beach, CA 90804
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