NOT LISTED FOR SALE

1216 E Florida St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,539,000 - $1,784,000

14 Beds
8 Baths
3,984 Sq Ft
$416/Sq Ft Est. Value

Sale Details

Date Sold: September 27, 2024

Last sale price $1,650,000 $414 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,803 / mo

125 Days on Market

Highlights

  • Second Garage
  • Ocean Side of Highway 1
  • Open Floorplan
  • Long Beach Polytechnic High School Rated A
  • 0.23 Acre Lot
  • 4-minute walk to Miracle On Fourth Street Park

About This Home

As of September 2024

Huge Residential Compound located within the highly sought after neighborhood of Alamitos Beach! Here is your chance to own three freestanding buildings on a massive lot of almost 10,000 sqft, blocks away from the sandy beach! This large 4-unit asset consists of two single family homes (each with their own garages and private yard space) and a duplex, totaling almost 4,000 sqft of rentable space with plenty of parking. Live in one and rent the others, add more units by converting the garages into ADUs, short-term rentals blocks away from the ocean – the opportunities are endless!

Last Agent to Sell the Property

Matt Mahowald

Buckingham Investments, Inc Brokerage Phone: 310 756-5511 License #02001732 Listed on: 04/16/2024

Last Buyer's Agent

Kris Thuvamontolrat

Buckingham Investments, Inc License #02009069

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 9,929 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Back Yard

Parking

  • 8 Open Parking Spaces
  • Second Garage
  • 4 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Single Garage Door
  • Driveway Level
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Turnkey
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,984 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Family Room
  • Living Room
  • Home Office
  • Bonus Room

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Accessible Parking
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Assessor Parcel Number 7275009001

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units
  • Alamitos Beach Subdivision

Recreation

  • Park
  • Dog Park

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,900
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $46,800
  • Gross Income $149,880
  • Net Operating Income $96,993

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

9,929 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR1N
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7275009001
  • Year Built: 1904
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Vinyl, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 414.16
  • Room Type: Bonus Room, Family Room, Kitchen, Laundry, Living Room, Office

Exterior Features

  • Other Structures: Second Garage, Second Garage Attached, Second Garage Detached, Storage
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Concrete, Driveway Level, Garage, Garage - Single Door, Off Street, On Site, Oversized, Parking Space, Private
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 8.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Dog Park, Park, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9929.00
  • Lot Size Acres: 0.2279

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 149880.00
  • Gross Scheduled Income: 149880.00
  • Insurance Expense: 2900.00
  • Lot Size Area: 9929.0000 Square Feet
  • Net Operating Income: 96993.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 46880.00
  • Rent Control: Yes
  • Total Actual Rent: 12490.00
  • Total Expenses: 46800.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 5765.02
  • Tax Lot: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2024
Closed on
Sep 20, 2024
Sold by
Bought by
Seller's Agent
Matt Mahowald
Buckingham Investments, Inc
Buyer's Agent
Kris Thuvamontolrat
Buckingham Investments, Inc
List Price
$1,850,000
Sold Price
$1,650,000
Premium/Discount to List
-$200,000
-10.81%
Views
33
Current Estimated Value
$1,658,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,612
Avg. Annual Appreciation
0.30%
Original Mortgage
$1,155,000
Outstanding Balance
$1,135,278
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$523,334

Purchase Details

Listed on
Apr 16, 2024
Closed on
Sep 11, 2024
Sold by
Bought by
Seller's Agent
Matt Mahowald
Buckingham Investments, Inc
Buyer's Agent
Kris Thuvamontolrat
Buckingham Investments, Inc
List Price
$1,850,000
Sold Price
$1,650,000
Premium/Discount to List
-$200,000
-10.81%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,155,000
Outstanding Balance
$1,135,278
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$523,334

Purchase Details

Listed on
Apr 16, 2024
Closed on
Aug 23, 2024
Sold by
Bought by
Seller's Agent
Matt Mahowald
Buckingham Investments, Inc
Buyer's Agent
Kris Thuvamontolrat
Buckingham Investments, Inc
List Price
$1,850,000
Sold Price
$1,650,000
Premium/Discount to List
-$200,000
-10.81%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,155,000
Outstanding Balance
$1,135,278
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$523,334

Purchase Details

Closed on
Feb 2, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$965,000
Interest Rate
6.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
6.58%
Mortgage Type
Construction

Purchase Details

Closed on
May 14, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,460
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
9.95%

Purchase Details

Closed on
Dec 13, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
9.95%

Purchase Details

Closed on
Jul 19, 1994
Sold by
Bought by

Purchase Details

Closed on
Jan 7, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Ticor Title Company Of Califor
-- Ticor Title Company Of Califor
$1,650,000 Ticor Title Company Of Califor
-- Stewart Title Company
-- Stewart Title Company
$1,550,000 Old Republic Title
-- None Available
$750,000 Fidelity National Title Co L
-- --
$265,000 North American Title Co
-- Old Republic Title Company
-- Old Republic Title
$238,000 Fidelity National Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,155,000
Previous Owner $965,000
Previous Owner $930,000
Previous Owner $300,000
Previous Owner $254,460
Previous Owner $89,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $1,650,000 -8.3% $414 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
06/27/2024 06/27/24 Price Changed $1,800,000 -2.7% $452 / Sq Ft
04/16/2024 04/16/24 For Sale $1,850,000 -- $464 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,336 $1,650,000 $1,175,000 $475,000
2024 $20,694 $1,581,000 $1,128,120 $452,880
2023 $20,351 $1,550,000 $1,106,000 $444,000
2022 $12,987 $1,004,830 $669,889 $334,941
2021 $12,720 $985,128 $656,754 $328,374
2020 $12,687 $975,027 $650,020 $325,007
2019 $12,541 $955,910 $637,275 $318,635
2018 $12,063 $937,168 $624,780 $312,388
2016 $11,090 $900,778 $600,520 $300,258
2015 $9,892 $887,248 $591,500 $295,748
2014 $9,563 $780,000 $520,500 $259,500
Source: Public Records

Agents Affiliated with this Home

  • Matt Mahowald

    Seller's Agent in 2024

    Matt Mahowald

    Buckingham Investments, Inc

    (310) 982-7055

    3 in this area

    30 Total Sales

    Matt Mahowald
    Section Image

  • K

    Buyer's Agent in 2024

    Kris Thuvamontolrat

    Buckingham Investments, Inc

    (310) 982-7055

    1 in this area

    3 Total Sales

    Kris Thuvamontolrat
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24072977

California Regional Multiple Listing Service (CRMLS)

APN: 7275-009-001

California Los Angeles County Long Beach 90802 North Alamitos Beach

1216 E Florida St, Long Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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