NOT LISTED FOR SALE

1239 E Florida St Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,463,852 - $1,873,000

6 Beds
4 Baths
2,327 Sq Ft
$717/Sq Ft Est. Value

Last Sold April 19, 2022

Last sale price $1,495,000 $642 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,396/month

87 Days on Market

Highlights

  • 0.13 Acre Lot
  • Laundry Room
  • 3-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A
  • Back Yard

About This Home

As of April 2022

Excellent opportunity to invest just blocks from the Pacific Ocean! This property features a charming Craftsman style duplex in the front with (2) 1bed/1bath units and a large wooden deck for entertaining. The building in the back features (2) 2bed/1bath units over (4) 1car garages and a community laundry room with coin operated machines. ADU laws may allow the garages to be converted into an additional unit! Please do not disturb the tenants!

Last Agent to Sell the Property

Cody Charnell

Sage Real Estate Group, Inc. License #01950585 Listed on: 11/15/2021

Last Buyer's Agent

Marty Stone

BUCKINGHAM INVESTMENTS License #00416755

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,497 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,327 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 27 / S
  • Tax Tract Number 576
  • Assessor Parcel Number 7275006025
  • $501 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $91,368

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7275006025
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 642.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5497.00
  • Lot Size Acres: 0.1262

Multi Family

  • Gross Income: 91368.00
  • Gross Scheduled Income: 91368.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 900.00
  • Lot Size Area: 5497.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: S
  • Tax Census Tract: 5765.02
  • Tax Lot: 27
  • Tax Tract Number: 576...
  • TaxOtherAnnualAssessmentAmount: 501.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Mar 10, 2022
Sold by
Craig Hsu
Bought by
Hsu Craig and Hsu Karen Lee
Seller's Agent
Cody Charnell
Sage Real Estate Group, Inc.
Buyer's Agent
Marty Stone
BUCKINGHAM INVESTMENTS
List Price
$1,495,000
Sold Price
$1,495,000
Current Estimated Value
$1,668,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,426
Avg. Annual Appreciation
3.03%

Purchase Details

Closed on
Aug 1, 2016
Sold by
Sanusi Umar Llc
Bought by
Hsu Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2013
Sold by
Umar Sanusi
Bought by
Sanusi Umar Llc

Purchase Details

Closed on
Sep 3, 2010
Sold by
Umar Sanusi
Bought by
Sanusi Umar Md Llc

Purchase Details

Closed on
Apr 5, 2010
Sold by
The East Florida Ave Partnership
Bought by
Umar Sanusi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,250
Interest Rate
5.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2010
Sold by
C & A Real Property Investments Llc
Bought by
The East Florida Ave Partnership and C&A Real Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,250
Interest Rate
5.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 4, 2010
Sold by
The East Florida Ave Partnership
Bought by
C & A Real Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,250
Interest Rate
5.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2009
Sold by
C & A Real Property Investments Llc
Bought by
The East Florida Ave Partnership and East Florida Ave Partnership Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2009
Sold by
C & A Real Property Investments Llc
Bought by
The East Florida Ave Partnership and East Florida Ave Partnership Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2009
Sold by
Cooley Christopher E
Bought by
C & A Real Property Investments Llc

Purchase Details

Closed on
Jun 22, 2005
Sold by
Hampton John
Bought by
Cooley Christopher E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,250
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 14, 2003
Sold by
Herzek Farley and Herzek Cheryl
Bought by
Hampton John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Date Buyer Sale Price Title Company
Hsu Craig -- Chicago Title
Hsu Craig $1,000,000 Fatcola
Sanusi Umar Llc -- Title 365
Umar Sanusi -- Title 365
Sanusi Umar Md Llc -- Accommodation
Umar Sanusi $615,000 Chicago Title
The East Florida Ave Partnership -- None Available
C & A Real Property Investments Llc -- Fidelity National Title Co
The East Florida Ave Partnership -- Accommodation
The East Florida Ave Partnership -- None Available
C & A Real Property Investments Llc $346,500 Provident Title Company
Cooley Christopher E $895,000 Fidelity National Title Co
Hampton John $437,500 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hsu Craig $700,000
Previous Owner Umar Sanusi $461,250
Previous Owner C & A Real Property Investments Llc $200,000
Previous Owner Cooley Christopher E $671,250
Previous Owner Hampton John $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2022 04/19/22 Sold $1,495,000 0.0% $642 / Sq Ft
11/15/2021 11/15/21 For Sale $1,495,000 -- $642 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $19,847 $1,586,505 $1,199,165 $387,340
2024 $19,847 $1,555,398 $1,175,652 $379,746
2023 $19,520 $1,524,900 $1,152,600 $372,300
2022 $13,537 $1,093,643 $437,457 $656,186
2021 $13,275 $1,072,200 $428,880 $643,320
2019 $13,086 $1,040,400 $416,160 $624,240
2018 $12,728 $1,020,000 $408,000 $612,000
2016 $8,126 $670,596 $381,640 $288,956
2015 $7,799 $660,524 $375,908 $284,616
2014 $7,759 $647,586 $368,545 $279,041
Source: Public Records

Agents Affiliated with this Home

  • Cody Charnell

    Seller's Agent in 2022

    Cody Charnell

    Sage Real Estate Group, Inc.

    (562) 896-3851

    5 in this area

    47 Total Sales

    Cody Charnell
    Section Image
  • Marty Stone

    Buyer's Agent in 2022

    Marty Stone

    BUCKINGHAM INVESTMENTS

    (310) 322-9763

    1 in this area

    7 Total Sales

    Marty Stone
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21249489

California Regional Multiple Listing Service (CRMLS)

APN: 7275-006-025

California Los Angeles County Long Beach 90802 North Alamitos Beach

1239 E Florida St, Long Beach, CA

Not Listed for Sale

MultiFamily

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