Eastside, Circle Area (3) Homes with Multi Level Stories

Eastside, Circle Area (3) Homes with Multi Level Stories

Welcome to the vibrant Eastside Circle Area of Long Beach, California, where charm meets convenience in one of Los Angeles County's most desirable neighborhoods. Nestled among lush palm trees and sun-kissed streets, this community offers a delightful blend of urban living and suburban tranquility, making it an ideal place for families, young professionals, and retirees alike.

The Eastside Circle Area is known for its eclectic mix of architectural styles, with a particular emphasis on homes featuring multi-level stories. These stunning residences provide ample space for families, offering multiple levels that can accommodate everything from cozy family gatherings to private retreats. Imagine waking up in a sun-drenched master suite, sipping coffee on your balcony, and enjoying the breathtaking views of the surrounding landscape. The multi-level designs not only enhance privacy but also create a unique living experience that caters to diverse lifestyles.

Beyond the beautiful homes, the Eastside Circle Area boasts a rich tapestry of amenities. Residents enjoy easy access to local parks, trendy cafes, and boutique shops, all within walking distance. The area is also well-connected to public transportation, making commuting a breeze. For those who appreciate the outdoors, nearby beaches and recreational areas offer endless opportunities for adventure.

Discover the charm of the Eastside Circle Area, where multi-level homes provide the perfect backdrop for a vibrant life. Whether you’re looking to settle down or invest in a property that stands out, this neighborhood promises a fulfilling lifestyle in the heart of Long Beach. Come explore your future home today!

Newest Eastside, Circle Area (3) Homes with Multi Level Stories

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
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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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