NOT LISTED FOR SALE

2024 E Florida St Long Beach, CA 90814

North Alamitos Beach Neighborhood

Estimated Value: $1,367,000 - $1,683,000

9 Beds
5 Baths
4,317 Sq Ft
$358/Sq Ft Est. Value

Sale Details

Date Sold: December 13, 2024

Last sale price $1,490,000 $345 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,190 / mo

12 Days on Market

Highlights

  • 0.15 Acre Lot
  • Woodrow Wilson High School Rated A
  • Rectangular Lot

About This Home

As of December 2024

Great Investment Opportunity! Statewide Fourplex in great Alamitos Beach Neighborhood, just a block from 4th Street Retro Row, and walking distance to the Beach. The subject property consists of a 4 unit apartment building, approx. 4,317 square feet, comprised of (1) 3bd/2bth unit, and (3) 2bd/1bth units, and 4 single car garages. Built in 1968, this all electric building is separately metered, and offers investors substantial upside in the rental income, and opportunity to convert the garages to an ADU. Don't miss this great investment property!

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates Brokerage Phone: 562-884-6875 License #01849377 Listed on: 10/25/2024

Last Buyer's Agent

John Bunnett

John Bunnett, Broker License #01855707

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 6,502 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,317 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 4 / 2
  • Tax Tract Number 5768
  • Assessor Parcel Number 7263005006
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Gross Income $8,005
  • Net Operating Income $96,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

6,502 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach
  • Zoning: LBR1N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7263005006
  • Year Built: 1968
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 345.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6502.00
  • Lot Size Acres: 0.1493

Rental Info

  • Garage Rental Rate: 50.00

Multi Family

  • Gross Income: 8005.00
  • Gross Scheduled Income: 96060.00
  • Lot Size Area: 6502.0000 Square Feet
  • Net Operating Income: 96060.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 7955.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5768.01
  • Tax Lot: 4
  • Tax Tract Number: 5768

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
Oct 25, 2024
Closed on
Nov 19, 2024
Sold by
Bought by
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
John Bunnett
John Bunnett, Broker
List Price
$1,549,000
Sold Price
$1,490,000
Premium/Discount to List
-$59,000
-3.81%
Views
7
Current Estimated Value
$1,578,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,137
Avg. Annual Appreciation
2.30%

Purchase Details

Closed on
Dec 19, 2023
Sold by
Bought by

Purchase Details

Closed on
Nov 18, 2016
Sold by
Bought by

Purchase Details

Closed on
May 6, 2011
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
$262,000
Interest Rate
0.0455%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 29, 2001
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
$290,600
Interest Rate
0.0719%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
$1,490,000 Fidelity National Title
-- None Listed On Document
-- Accommodation
-- Fidelity National Title Co
-- Fidelity National Title Co
-- --
$387,500 North American Title Co
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
Closed $262,000
Closed $290,600
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
12/13/2024 12/13/24 Sold $1,490,000 -3.8% $345 / Sq Ft
10/25/2024 10/25/24 For Sale $1,549,000 -- $359 / 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 $19,991 $1,490,000 $900,000 $590,000
2024 $8,100 $572,435 $276,984 $295,451
2023 $7,962 $561,211 $271,553 $289,658
2022 $7,495 $550,208 $266,229 $283,979
2021 $7,323 $539,420 $261,009 $278,411
2019 $7,219 $523,422 $253,268 $270,154
2018 $6,933 $513,159 $248,302 $264,857
2016 $6,362 $493,234 $238,661 $254,573
2015 $6,117 $485,827 $235,077 $250,750
2014 $6,092 $476,312 $230,473 $245,839
Source: Public Records

Agents Affiliated with this Home

  • Spencer Pabst

    Seller's Agent in 2024

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    4 in this area

    50 Total Sales

    Spencer Pabst
    Section Image

  • J

    Buyer's Agent in 2024

    John Bunnett

    John Bunnett, Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24221221

California Regional Multiple Listing Service (CRMLS)

APN: 7263-005-006

California Los Angeles County Long Beach 90814 North Alamitos Beach

2024 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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