Seller's Agent in 2015
Julie Hughes
Realty One Group Homelink
(714) 393-5055
1 in this area
24 Total Sales
2040 E Florida St Long Beach, CA 90814
North Alamitos Beach Neighborhood
10
Beds
9
Baths
5,362
Sq Ft
6,514
Sq Ft Lot
Highlights
- 0.15 Acre Lot
- No HOA
- Floor Furnace
- Woodrow Wilson High School Rated A
- Laundry Room
- Turnkey
About This Home
As of March 2015AMAZING LOCATION!!! Alamitos Beach/Carroll Park! 1972 construction building with no deferred maintenance. Perfect unit mix: 1 - 3 bedroom/2 bath, 1- 2 bedroom/2 bath, 6 - 1 bedroom/1 bath. Building runs smoothly w/long term tenants. Vacancies are rare. DEFINITE Upside in Rents - no rent control in Long Beach! Separately metered for electric and units have individual hot water heaters (to keep expenses low). 4 garages and 8 parking spaces. Laundry room w/ seller's own machines. This building would be perfect to add to your investment portfolio! Income Actual, Expenses are Estimated. Proforma info: Market rent on 1 Bedrooms = $1095. Market rent on 2 Bedroom/ 2 Bath = $1350. Market rent on 3 Bedroom/ 2 Bath = $1500. Proforma rent = $9745/mo - $116,940/yr. Proforma Cap = 5.76% - GRM = 13.04
Last Agent to Sell the Property
Realty One Group Homelink License #01360644 Listed on: 04/09/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972 | Remodeled
Lot Details
- 6,514 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 5,362 Sq Ft Home
- 2-Story Property
- Carpet
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Additional Features
- Rain Gutters
- Floor Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Legal Lot and Block 6 / 2
- Tax Tract Number 5768
- Assessor Parcel Number 7263005008
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- 9 Separate Electric Meters
- 9 Separate Water Meters
- Gross Income $8,385
- Net Operating Income $75,465
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/09/2015 03/09/15 | Sold | $1,350,000 | -15.6% | $252 / Sq Ft |
| 02/08/2015 02/08/15 | Pending | -- | -- | -- |
| 04/09/2014 04/09/14 | For Sale | $1,600,000 | -- | $298 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $29,567 | $2,805,000 | $1,938,000 | $867,000 |
| 2024 | $29,567 | $2,257,668 | $1,685,448 | $572,220 |
| 2023 | $29,065 | $2,213,400 | $1,652,400 | $561,000 |
| 2022 | $24,715 | $1,954,383 | $1,372,086 | $582,297 |
| 2021 | $24,213 | $1,916,063 | $1,345,183 | $570,880 |
| 2019 | $23,867 | $1,859,234 | $1,305,285 | $553,949 |
| 2018 | $23,226 | $1,822,780 | $1,279,692 | $543,088 |
| 2016 | $16,959 | $1,370,587 | $913,725 | $456,862 |
| 2015 | $13,952 | $1,142,637 | $668,861 | $473,776 |
| 2014 | -- | $1,120,255 | $655,759 | $464,496 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Hughes
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14072439
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.
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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