NOT LISTED FOR SALE

1320 E Florida St Long Beach, CA 90802

North Alamitos Beach Neighborhood
5 Beds
5 Baths
4,712 Sq Ft
7,234 Sq Ft Lot

Last Sold February 24, 2014

Last sale price $816,000 $173 Per Sq Ft

210 Days on Market

Highlights

  • 0.17 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of February 2014

1320-1328 E Florida Street is a 5-unit apartment building located in the Alamitos Beach area of Long Beach. The seller takes excellent care of premises which comprise five exceptionally large 1 bedroom, 1 bath units. Each tenant enjoys their own private laundry room, and four of the five feature bonus space that may be used as an office, guest quarters, or even permanent sleeping area for children. Three units have undergone a complete remodel. Four tenants enjoy personal garages with electric doors and there is room on the lot for one additional parking space. The entire exterior has been painted and shows very well with nice curb appeal. In the rear tenants enjoy a nice courtyard area and the lot is separated on the west by a new six foot high fence with a 2 foot lattice.

Last Agent to Sell the Property

Derek Fowler

Re/Max Commercial & Investment License #01319692 Listed on: 10/02/2013

Re/Max Commercial & Investment

Last Buyer's Agent

Nune Kajikyan

Nasha Inc. License #01198946

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,234 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,712 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 016
  • Tax Tract Number 9
  • Assessor Parcel Number 7275009016

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Maintenance Expense $2,840
  • Professional Management Expense $3,320
  • Trash Expense $505
  • Water Sewer Expense $505
  • New Taxes Expense $10,528
  • Gross Income $5,535
  • Net Operating Income $42,927

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.06
  • Price Per Unit: 169800
  • Professional Management Expense: 3320.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 505.00
  • Property Type: Residential Income
  • Parcel Number: 7275009016
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 173.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 505.00

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7234.00
  • Lot Size Acres: 0.1660

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5535.00
  • Gross Multiplier: 12.78
  • Gross Scheduled Income: 66420.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 7234.0000 Square Feet
  • Maintenance Expense: 2840.00
  • Net Operating Income: 42927.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 21500.00
  • Operating Expense Percent: 32.37
  • Rent Control: No
  • Vacancy Allowance: 1993
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10528.00
  • Tax Lot: 016
  • Tax Tract Number: 009
  • Tax Year: 2012

Range of Values:

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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 Change Sq Ft Price
02/24/2014 02/24/14 Sold $816,000 -8.8% $173 / Sq Ft
01/24/2014 01/24/14 Pending -- -- --
06/28/2013 06/28/13 For Sale $895,000 -- $190 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Derek Fowler

    Seller's Agent in 2014

    Derek Fowler

    RE/MAX

    (310) 802-2552

    1 Total Sale

    Derek Fowler
    Section Image

  • N

    Buyer's Agent in 2014

    Nune Kajikyan

    Nasha Inc.

    (818) 383-4270

    52 Total Sales

    Nune Kajikyan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13126173

California Regional Multiple Listing Service (CRMLS)

APN: 7275-009-016

California Los Angeles County Long Beach 90802 North Alamitos Beach

1320 E Florida St, Long Beach, CA

This home is located at 1320 E Florida St, Long Beach, CA 90802 since 02 October 2013. This property was built in 1920. 1320 E Florida St is a home located in Los Angeles County with nearby schools including Stevenson Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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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