NOT LISTED FOR SALE

2104 E Florida St Long Beach, CA 90814

North Alamitos Beach Neighborhood
1 Bed
2 Baths
6,094 Sq Ft
6,487 Sq Ft Lot

Last Sold May 14, 2021

Last sale price $4,050,000 $665 Per Sq Ft

181 Days on Market

Highlights

  • 0.15 Acre Lot
  • Laundry Room
  • 4 Car Garage
  • Woodrow Wilson High School Rated A

About This Home

As of May 2021

2104 E. Florida Street is an impeccably renovated eleven-unit investment property located in the highly desirable Fourth Street / Retro Row neighborhood of Long Beach. The 1940's-built property offers ten 1 BD / 1 BA units and one studio unit with ample storage and four garages.
Extensive interior renovations totaling over $50,000 per unit include new laminate flooring, custom shaker-style cabinets, quartz countertops, in-unit washer/dryers (all but two units), stainless steel appliances, designer bathroom tile, pedestal sinks, and modern lighting, ceiling fans and fixtures throughout. New exterior and building system renovations include HVAC and tankless water heaters for all units, new electrical and plumbing systems and new garage doors. The Fourth Street / Retro Row location is desirable for young urban professionals seeking close proximity to employment opportunities in Downtown Long Beach, along with a plethora of shopping and dining amenities. 2104 E. Florida Street provide an investor with a turnkey condition property in a highly popular Long Beach rental market at a 4.53% cap rate on current rents.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 10/23/2020

Keller Williams Realty Downey

Co-Listed By

Todd Hawke

Keller Williams Realty Downey License #01376219

Last Buyer's Agent

Andrew McAllister

eXp Realty of Greater L.A License #01946829

eXp Realty of Greater L.A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,487 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Apartment

Interior Spaces

  • 6,094 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Tax Tract Number 5768
  • Assessor Parcel Number 7263005016

Community Details

Overview

  • 11 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 12 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,443
  • Fuel Expense $1,443
  • Gardener Expense $1,200
  • Insurance Expense $2,748
  • Maintenance Expense $4,800
  • Other Expense $2,200
  • Pest Control $1,000
  • Professional Management Expense $13,703
  • Trash Expense $1,443
  • Water Sewer Expense $1,443
  • New Taxes Expense $53,116
  • Operating Expense $85,139
  • Gross Income $274,056
  • Net Operating Income $188,918

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 13703.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1443.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7263005016
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 664.59

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 1000.00
  • Sewer: Public Sewer
  • Trash Expense: 1443.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 6487.00
  • Lot Size Acres: 0.1489

Multi Family

  • Electric Expense: 1443.00
  • Fuel Expense: 1443.00
  • Gross Income: 274056.00
  • Gross Scheduled Income: 288480.00
  • Insurance Expense: 2748.00
  • Lot Size Area: 6487.0000 Square Feet
  • Maintenance Expense: 4800.00
  • Net Operating Income: 188918.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 11
  • Operating Expense: 85139.00
  • Other Expense: 2200.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 85139.00

Tax Info

  • New Taxes Expense: 53116.00
  • Tax Block: 1
  • Tax Census Tract: 5768.01
  • Tax Lot: 1
  • Tax Tract Number: 5768

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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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
05/14/2021 05/14/21 Sold $4,050,000 -4.7% $665 / Sq Ft
04/22/2021 04/22/21 Pending -- -- --
10/23/2020 10/23/20 For Sale $4,250,000 -- $697 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2021

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    16 in this area

    76 Total Sales

    Robert Stepp
    Section Image
  • Todd Hawke

    Seller Co-Listing Agent in 2021

    Todd Hawke

    Keller Williams Realty Downey

    (310) 774-3746

    2 in this area

    10 Total Sales

    Todd Hawke
    Section Image

  • A

    Buyer's Agent in 2021

    Andrew McAllister

    eXp Realty of Greater L.A

    (562) 423-8134

    2 in this area

    17 Total Sales

    Andrew McAllister
    Section Image
  • Drew McAllister

    Buyer's Agent in 2021

    Drew McAllister

    Nationwide Real Estate Execs

    (562) 528-8105

    1 in this area

    14 Total Sales

    Drew McAllister
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20222571

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90814 North Alamitos Beach

2104 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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