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New Listing
$1,775,000
 $9,529 est/mo Sourced by Back At You

2212 E 15th Street,Long Beach, CA 90804

Long Beach, CA 90804

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Description

2212 E 15th St | 8-Unit Multifamily Investment, Long Beach. This 1960-built asset totals 5,256 SF on an 8,409 SF lot in Eastside Long Beach, between the Cherry Avenue corridor and Zaferia. It sits a few blocks north of Anaheim Street's restaurants and coffee shops and just south of Pacific Coast Highway retail and bus lines. The property features (8) 2BR/1BA units averaging 657 SF across a front and back building, with eight on-site parking spaces at a 1:1 ratio. Six of eight units are occupied at an average rent of $1,962, four of them already at the $1,995 market rent, and Units 1 and 2 are delivered vacant. Offered at $1,775,000 ($221,875/unit | $337.71/SF) with a 7.13% cap rate on scheduled rents and a 9.39 GRM, the real story is yield a 7%+ cap at a sub-$225K basis, with two units the buyer can lease or renovate on their own terms from close.

Details

MLS #26104748
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site6
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | Taylor Avakian

Features

Bed(s)16
Bath(s)8
SQ Feet5,254
Units8
Building(s)2
ZoningLBR2N
Acreage0.15

Interior

CoolingNone
HeatingNone
Heating Yes / NoNo
Cooling Yes / NoNo

Parking

Parking FeaturesDriveway Down Slope From Street

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90804
Area3 Eastside | Circle Area
Listing VS Median (in 90804)
Price:
$1,775,000
low | high
Med:
$685,000
100% of Average
sqft:
5,254
low | high
Med:
1,069
100% of Average
$ / sqft:
$338
low | high
Med:
$641
39.672591206735% of Average
On site:
6
low | high
Med:
51
11.764705882353% of Average
Sourced by Back At You

Market Activity 90804

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Learn More About This Property

Roy Rigsby

Roy Rigsby

Desert Lifestyle Properties

01399810 (760) 409-5117roy@desertrealestate4you.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90804
Area3 Eastside | Circle Area
Listing VS Median (in 90804)
Price:
$1,775,000
low | high
Med:
$685,000
100% of Average
sqft:
5,254
low | high
Med:
1,069
100% of Average
$ / sqft:
$338
low | high
Med:
$641
39.672591206735% of Average
On site:
6
low | high
Med:
51
11.764705882353% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.331M - $2.218M
sqft: 3,500 - 6,500
Nearby Listings Property ImageNearby Listings Details
1605 Cherry Avenue Property Photo 1
$1,373,000
1605 Cherry Avenue
Long Beach, CA 90813
Listing Updated: October 27, 2026 at 3:51:10 AM PDT