Oversized Duplex with Two
1235 1237 E 15th Street Long Beach, CA 90813
1235 1237 E 15th Street, Long Beach, CA, 90813
$1,500,000
For Sale
$1,500,000
Built in 2002 duplex offering two units with 6 bedrooms and 5 bathrooms.
Property Size3,419 SF
Lot Size0.23 Acres
Price / SF$438.72
Days on Market41
Property Features for 1235 1237 E 15th Street
General Information
- Standard status
- Active
- Size
- 3,419 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 2002
Listing agency
Truth Realty
(661) 588-8828
Listed by
Sherry Simpson · License #00757181
(661) 588-8828
Source
Exitrealty
Added: Jun 11 Updated: Jul 21 at 1:04AM Checked: Jul 21 at 4:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Truth Realty
Investment Insights
Based on property information with market context.
This built-in-2002 duplex consists of two units and totals approximately 3,419 square feet, configured with 6 bedrooms and 5 bathrooms. The property sits on an approximately 10,055 square foot lot.
Located at 1235–1237 E 15th Street in Long Beach, California 90813, this offering is presented for sale as a residential income property.
Located at 1235–1237 E 15th Street in Long Beach, California 90813, this offering is presented for sale as a residential income property.
Key Highlights
- Duplex built in 2002 with two units
- 3,419 SF duplex with 6 beds and 5 baths
- Oversized 10,055 SF lot
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.9k | $34.20 |
| − Vacancy | −$4.7k | −$1.36 |
| EGI | $112.3k | $32.84 |
| − OpEx | −$33.7k | −$9.85 |
| NOI | $78.6k | $22.98 |
3,419 SF · lease $34.20/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$982.3K – $1.31M
NOI $78,585 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$1.03M
$905.2K – $1.21M
NOI $72,419 @ 7.0% cap · market cap 4.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Built in 2002 duplex offering two units with 6 bedrooms and 5 bathrooms.
Where is this duplex located?
The property is located at 1235 1237 E 15th Street Long Beach, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Duplex built in 2002 with two units; 3,419 SF duplex with 6 beds and 5 baths; Oversized 10,055 SF lot
