3337 E 15th

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3337 E 15th

Long Beach, CA 90804
Asking Price
$1.50M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential apartment building currently available for acquisition in Long Beach
  • Asset features a total of six individual residential dwelling units
  • Priced at 1,500,000 dollars for prospective real estate investment buyers
  • Strategically located within a dense and established Southern California market
  • Multifamily configuration offers potential for consistent long-term rental income

What's Special

This multifamily apartment building for sale in Long Beach, California, presents a functional addition for investors seeking to expand their residential portfolio. Situated in the 90804 zip code, the property consists of 6 units and is positioned within a dense urban landscape that benefits from the consistent rental demand characteristic of the Greater Los Angeles region. Long Beach maintains a robust economy supported by its major international port operations and a diverse professional workforce, making well-located residential assets a staple of the local market. Investors often target properties of this scale for value-add repositioning or long-term cash flow stabilization. The asset provides a manageable footprint for those managing smaller residential holdings in a supply-constrained coastal environment, where apartment demand remains steady among the local population. With its straightforward layout and strategic placement near core transit corridors, this building serves as a viable vehicle for capital appreciation in an established Southern California submarket.

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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