2652 E. 15th Street

2652 E. 15th Street,Long Beach, CA 90804

20

Unit

$4,600,000

Price

Property Details

Price Per Unit

$230,000

Price per SF

$618

Current Cap Rate

5.47%

Market Cap Rate

6.18%

Current GRM

11.56

Market GRM

10.61

2652 E. 15th Street

2652 E. 15th Street,Long Beach, CA 90804

$4,600,000

Price

Property Details

Price per SF

$618

Price Per Unit

$230,000

Price per SF

$618

Current Cap Rate

5.47%

Market Cap Rate

6.18%

Unit

20

Current GRM

11.56

Market GRM

10.61

Description

2652 E. 15th Street is a 20-unit asset, located in the Zaferia Design District in Long Beach, California.
The property is comprised of (18) 1BD/1BA and (2) studio units.Spread across a 21,717 square foot lot, the property has 15 surface parking spaces and two laundry rooms on site for additional income.
Priced at a 5.47% cap rate & 11.56 GRM, new ownership can stabilize the asset at a 6.18% cap rate and 10.61 GRM.

Highlights

Priced at a 5.47% Cap Rate / 11.56 GRM with Upside to 6.18% Cap Rate / 10.61 GRM
Two laundry rooms and a gated parking lot with 15 spaces on site offer opportunities for additional income
Large 21,717 sqft lot offers opportunity to build new ADUs
Located in Zaferia Design District

Map

Brokers

Robert Stepp 310.774.3740 [email protected]

John Alden 310.774.3834 [email protected]

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2652 E. 15th Street

20

$4,600,000

Property Details

$230,000

$618

5.47%

6.18%

11.56

10.61

2652 E. 15th Street

$4,600,000

Property Details

$618

$230,000

$618

5.47%

6.18%

20

11.56

10.61

Description

Highlights

Map

Brokers

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