About 2922 E 15th Street
Traffic circle adjacent, 6-unit apartment building in which $156,500 has been spent on capital improvements over the last year. These improvements include a new roof (May 2026), sewer work and installation of a sewer clean out, renovated laundry room including the purchase of 3 washing machines and 3 dryers, exterior dawn to dusk lighting, addition of coded locks on the gates, and a fully renovated 2-bedroom unit. The renovation of this unit includes the following new items: mini split providing heat and air conditioning, kitchen cabinets, counters and appliances, luxury vinyl flooring, windows and blinds, lighting fixtures, and beautifully remodeled bathroom. The desirable unit mix includes 5 - 2 bedroom/1 bathroom units and 1-1 bedroom/1 bathroom unit. There are 5 tandem parking spots behind the building providing parking for up to 10 cars depending on vehicle size. The cap rate is approximately 6% and the GRM is approximately 10 - these numbers were calculated using the actual rents for the 4 occupied units and pro forma rents for the two vacant units.
Features of 2922 E 15th Street
| MLS® # | PW26171369 |
|---|---|
| Price | $1,200,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Acres | 0.12 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Closed |
Community Information
| Address | 2922 E 15th Street |
|---|---|
| Area | LONG BEACH (90804) |
| City | Long Beach |
| County | Los Angeles |
| State | CA |
| Zip Code | 90804 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Heating | Other/Remarks |
|---|---|
| Cooling | Other/Remarks |
| Fireplace | Yes |
| Stories | 2 Story |
Exterior
| Lot Description | Sidewalks |
|---|---|
| Construction | Stucco |
Additional Information
| Date Listed | August 6th, 2026 |
|---|---|
| Days on Market | 11 |
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Coastal Prop. |
|---|