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Duplex with Private Backyards

2901 E 15th St Long Beach, CA 90804

2901 E 15th St, Long Beach, CA, 90804
$895,000
Pending
For Sale
$895,000
Pending

MULTI_FAMILY - Long Beach, CA

Property Size1,739 SF
Lot Size0.15 Acres
Days on Market75

Property Features for 2901 E 15th St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
LBR2N
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 3
Parking
4
Parking features
Covered, Driveway
Patio and Porch features
Porch
Appliances
Cooktop - Gas, Oven-Gas
Standard status
Pending
APN
7259-029-027
Size
1,739 SF
Lot size
0.15 Acres

Utilities

Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public

Building Details

Year built
1926
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Laminate
Listing Agency Keller Williams Beverly Hills
439 N Canon Dr. Suite 300, Beverly HIlls, CA
Listed by Joshua Johnson · License #01824930
Added: May 5 Checked: Jul 18 at 1:06 am
MLS# 26830767 Listing URL

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This duplex includes one unit with a 3+1.5 layout and a second unit with a 3+1.75 layout. Each unit has washer and dryer hookups located in a separate laundry room, along with a gated private backyard and a rear patio. Unit #2901 also includes a large storage room attached to the detached garage. The units are separately metered for gas and electricity and have individual water heaters. Tenants are responsible for trash removal, helping keep operating expenses lower for the owner. The electrical system was upgraded with a new main panel in 2008.

The property is located in the Zaferia neighborhood of Long Beach, CA. Parking is provided via a detached garage plus surface parking at the rear of the property, with a driveway at the front.

For buyers seeking a residential income property, this configuration offers two separate living spaces with dedicated utilities and tenant-paid trash. The combination of gated outdoor areas, in-unit laundry hookups, and plentiful parking supports day-to-day tenant functionality while keeping utility management straightforward through separate metering.

Key Highlights

  • Duplex in the Zaferia neighborhood of Long Beach, offering two units: 3+1.5 and 3+1.75
  • Each unit has washer and dryer hookups in a separate laundry room, plus a gated private backyard and rear patio
  • Units are separately metered for gas and electricity, with individual water heaters and tenants paying for trash removal

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 $56.3k $32.40
− Vacancy −$2.9k −$1.68
EGI $53.4k $30.72
− OpEx −$16.0k −$9.21
NOI $37.4k $21.50
1,739 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$534.1K
$467.4K – $623.2K (±1% cap)
NOI $37,390 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$475.1K
$415.7K – $554.3K (±1% cap)
NOI $33,256 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$931.1K
$814.7K – $1.09M (±1% cap)
NOI $65,174 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Parking Lot & Garage Daycare Center Travel Agency Catering Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Storage Facility Restaurant

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

FAQs

What type of property is this?
Duplex - Two separately metered units feature in-unit laundry hookups, gated outdoor space, and upgraded electrical service.
Where is this duplex located?
The property is located at 2901 E 15th St Long Beach, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Duplex in the Zaferia neighborhood of Long Beach, offering two units: 3+1.5 and 3+1.75; Each unit has washer and dryer hookups in a separate laundry room, plus a gated private backyard and rear patio; Units are separately metered for gas and electricity, with individual water heaters and tenants paying for trash removal
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