1719 E Florida St, Long Beach, CA 90802
1719 E Florida St, Long Beach, CA 90802
1719 E Florida St, Long Beach, CA 90802
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$1,524,000
Est. payment /mo
7 Beds
5 Baths
3,578 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,578 sqft

Price per Sqft $425

MLS Listing ID 26665501

Bedrooms 7

Year Built 1920

Lot Size 5,333 Sqft

Acres 0.1224

Property Sub-Type Multi-Family

Property Description

Prime Alamitos Beach Fourplex! 1719 E Florida St consists of a front SFR (built 1920) and a 3-unit building (built 1982) located in the back. The property is composed of (1) 3 bed + 2 bath, (1) 2 bed + 1.5 bath, (1) 2 bed + 1 bath, and (1) studio unit. Three of the four units are currently occupied, with one 2 bed / 1 bath unit currently vacant and projected to achieve approximately $2,500 per month in rent. The average in-place rent for the occupied units is $2,556, with approximately 7% rental upside across the property. The owner has made many substantial capital improvements including newly installed solar panels (51 total panels 365 total watt) and a replaced main electrical panel. The owner pays for water and sewer, while tenants pay for gas, trash, and electricity for three of the four units. Utilities for the studio unit are paid for by the seller. The property includes in-unit laundry in the SFR front unit and Unit A, along with shared laundry in the garage for Unit B and Unit C. There are a total of 7 parking spaces, including 2 garages. This is an excellent opportunity for an investor to acquire a well-located asset with major capital improvements already completed and immediate upside through leasing the vacant unit. The property is located in Alamitos Beach, just minutes from numerous restaurants, shops, and amenities along Retro Row.

Location

State CA

County Los Angeles

Area Downtown Area, Alamitos Beach

Zoning LBR1N

Rooms

Other Rooms Accessory Bldgs

Interior

Heating Floor Furnace

Cooling Air Conditioning, Ceiling Fan

Equipment Ceiling Fan, Dishwasher, Dryer

Laundry Garage, Inside

Exterior

Parking Features Garage Is Attached

Garage Spaces 7.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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