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2212 E 15th Street, Long Beach
$1,775,000
16 Beds ⋅ 8 Baths ⋅ 26104748 MLS ⋅ Active Status
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.

2212 E 15th Street, Long Beach
1503 N Stanton Place, Long Beach
$2,375,000
20 Beds ⋅ 10 Baths ⋅ 26104747 MLS ⋅ Active Status
1503 Stanton Pl | 10-Unit Multifamily, Long Beach. This 1960-built asset totals 6,710 SF across a front and rear building on a 10,736 SF R-2-N lot in Long Beach's Zaferia neighborhood, a short walk from neighborhood shopping and 1.2 miles from Long Beach City College. The property features (10) 2BR/1BA units averaging 671 SF. Eight of 10 units are occupied at an average rent of $2,008 against a $2,095 market rent, and Units 1 and 4 are delivered vacant for the buyer to lease at market. Offered at $2,375,000 ($237,500/unit | $353.95/SF) with a 7.13% cap rate at lease-up, the real story is yield: a cap rate above every comparable sale reporting one, with a 7.48% pro forma reached through natural turnover and no renovation program.

1503 N Stanton Place, Long Beach
1512 Sherman Place, Long Beach
$2,800,000
20 Beds ⋅ 11 Baths ⋅ 26987109 MLS ⋅ Active Status
1512 Sherman Pl | 11-Unit Multifamily, Long Beach. 1963-built asset totaling 9,557 SF on a 15,291 SF lot in an established residential corridor near Long Beach's Eastside. The property features a balanced mix of six 2+1 units, three 1+1 residences, and two 3+2 units with eleven on-site parking spacesa structural advantage in this supply-constrained submarket. All eleven units are currently occupied and fully stabilized, with in-place rents averaging $2,129/month against market rents of $2,185 and the entire portfolio positioned to capture rent growth at each lease renewal through Long Beach rent control. Offered at $2,800,000 ($254,545/unit | $292.98/SF) with a 6.62% in-place cap rate, the real story is operational simplicity and organic growtha 6.88% pro forma cap and immediate distribution capacity as rents normalize through turnover with zero capex required.

1512 Sherman Place, Long Beach
3448 Hathaway Unit 143, Long Beach
$399,900
1 Beds ⋅ 1 Baths ⋅ SB26136434 MLS ⋅ Active Status
DON'T MISS OUT!!! Recently upgraded and truly turnkey, this 1-bedroom, 1-bathroom residence in the highly desirable gated community of The Palms in East Long Beach is move-in ready! New carpet installed in the living room and bedroom and freshly painted throughout the unit. The open-concept floor plan features a bright kitchen with abundant natural light and a center island, perfect for everyday living and entertaining. The airy living room opens to a private balcony, creating seamless indoor-outdoor living and an ideal space to relax. The spacious bedroom also offers direct balcony access and is complemented by a generous walk-in closet with ample storage. For added convenience, washer and dryer hookups are located in a dedicated patio closet. The unit includes one shared enclosed garage space and one assigned parking space. Residents enjoy a pet-friendly community with resort-style HOA amenities, including gated access, a sparkling pool, saunas, a recreation room, and BBQ areas—perfect for entertaining or unwinding. Conveniently located near CSULB, shopping, dining, major freeways and less than 3.7miles from the beach this home offers the perfect blend of comfort, convenience, and lifestyle.

3448 Hathaway Unit 143, Long Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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