8-Unit Apartment
New
For Sale
$1,775,000
2212 E 15th St, Long Beach, CA 90804
Two-bedroom layouts and on-site parking serve this residential property in Eastside Long Beach.
Property Size5,254 SF
Lot Size0.19 Acres
Price / SF$337.84
Days on Market7
Property Features for 2212 E 15th St
General Information
Standard status
Active
Size
5,254 SF
Total Parking Spaces
8
Lot size
0.19 Acres
Property subtype
Residential Income
Occupancy
75%
Financials
Asking Price
$1,775,000
Average Monthly Rent
$1,962
Site & Location
Neighborhood
Central
Public Transit
Yes
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Parking per Unit
1
Building Details
Year Built
1960
Buildings
2
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
Listed By:
Taylor Avakian · License #CA 02060040
(916) 996-4421
Source:
Exprealty
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 3:20PM
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 Lyon Stahl Investment Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1960, the property comprises eight apartments arranged in front and rear buildings. Each residence has two bedrooms and one bathroom, with an average unit size of 657 square feet. The 8,409-square-foot parcel includes eight on-site parking spaces. Six apartments are occupied, while two are vacant.
The property is in Eastside Long Beach, between the Cherry Avenue corridor and Zaferia. Anaheim Street restaurants and coffee shops are a few blocks north; retail and bus routes along Pacific Coast Highway are to the south.
The property is in Eastside Long Beach, between the Cherry Avenue corridor and Zaferia. Anaheim Street restaurants and coffee shops are a few blocks north; retail and bus routes along Pacific Coast Highway are to the south.
Key Highlights
- Eight apartments, each with 2 bedrooms and 1 bathroom
- Average apartment size of 657 square feet
- Eight on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,475
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,009,500
$2.0M
Cap Rate 7%
$1,435,357
$1.4M
Cap Rate 9%
$1,116,389
$1.1M
Market Conditions
NOI Build-Up for 5,254 SF
Gross rent
$192.3K $36.60/SF
− Vacancy
−$9.6K −$1.83/SF
EGI
$182.7K $34.77/SF
− OpEx
−$82.2K −$15.65/SF
NOI
$100.5K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,009,500
Cap Rate 7%
$1,435,357
Cap Rate 9%
$1,116,389
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.67M
NOI $100,475 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,908 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,713
Businesses Nearby
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom layouts and on-site parking serve this residential property in Eastside Long Beach.
Where is this apartment building located?
The property is located at 2212 E 15th St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: Eight apartments, each with 2 bedrooms and 1 bathroom; Average apartment size of 657 square feet; Eight on‑site parking spaces
