NOT LISTED FOR SALE

1249 E Florida St Long Beach, CA 90802

North Alamitos Beach Neighborhood
5 Beds
5 Baths
5,156 Sq Ft
6,598 Sq Ft Lot

Last Sold October 29, 2012

Last sale price $560,000 $109 Per Sq Ft

150 Days on Market

Highlights

  • 0.15 Acre Lot
  • Wood Siding
  • 3-minute walk to Miracle On Fourth Street Park
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of October 2012

Sharp 5-unit apartment building blocks from the beach. Great income with 5 single garages and potential to increase rents.Operating expenses furnished upon request. Offers subject to inspection. Please DO NOT disturb tenants. DRIVE BY ONLY.

Last Agent to Sell the Property

Roni Gutierrez

Beach Cities Properties, Inc. License #01469696 Listed on: 10/14/2011

Co-Listed By

George Chase

Keller Williams Coastal Prop. License #00224880

Last Buyer's Agent

Sandra Guevara

Keller Williams Palos Verdes License #01305283

Keller Williams Palos Verdes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 6,598 Sq Ft Lot
  • Lot Dimensions are 45x110

Parking

  • 5 Parking Spaces

Home Design

  • 5,156 Sq Ft Home
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 23 / 1
  • Tax Tract Number 5765
  • Assessor Parcel Number 7275006019

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 2 Separate Water Meters
  • New Taxes Expense $4,131
  • Gross Income $4,150
  • Net Operating Income $37,350

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.23
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7275006019
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 108.61

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 45x110
  • Lot Size Sq Ft: 6598.00
  • Lot Size Acres: 0.1510

Multi Family

  • Gross Income: 4150.00
  • Gross Multiplier: 12.05
  • Gross Scheduled Income: 49800.00
  • Lot Size Area: 6598.0000 Square Feet
  • Net Operating Income: 37350.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 5
  • Operating Expense: 12450.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 4131.00
  • Tax Area: 5500
  • Tax Block: 1
  • Tax Lot: 23
  • Tax Tract Number: 5765

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2012 10/29/12 Sold $560,000 -17.0% $109 / Sq Ft
03/12/2012 03/12/12 Pending -- -- --
10/14/2011 10/14/11 For Sale $675,000 -- $131 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Roni Gutierrez

    Seller's Agent in 2012

    Roni Gutierrez

    Beach Cities Properties, Inc.

    (562) 305-7527

    7 Total Sales

    Roni Gutierrez
    Section Image

  • G

    Seller Co-Listing Agent in 2012

    George Chase

    Keller Williams Coastal Prop.

  • Sandra Guevara

    Buyer's Agent in 2012

    Sandra Guevara

    Keller Williams Palos Verdes

    (310) 963-3782

    2 in this area

    68 Total Sales

    Sandra Guevara
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P800078

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

1249 E Florida St, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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