Seller's Agent in 2021
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
16 in this area
74 Total Sales
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
Highlights
- 0.15 Acre Lot
- Laundry Room
- 4 Car Garage
- Woodrow Wilson High School Rated A
About This Home
As of May 20212104 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
Keller Williams Realty Downey License #01456379 Listed on: 10/23/2020
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
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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 |
|---|---|---|---|---|
| 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
| 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 | $57,743 | $4,383,848 | $2,814,322 | $1,569,526 |
| 2024 | $55,270 | $4,297,891 | $2,759,140 | $1,538,751 |
| 2023 | $54,337 | $4,213,620 | $2,705,040 | $1,508,580 |
| 2022 | $50,963 | $4,131,000 | $2,652,000 | $1,479,000 |
| 2021 | $32,852 | $2,612,487 | $2,061,134 | $551,353 |
| 2020 | $32,768 | $2,587,000 | $2,040,000 | $547,000 |
| 2019 | $32,381 | $2,536,300 | $2,000,000 | $536,300 |
| 2018 | $9,741 | $676,088 | $153,511 | $522,577 |
| 2016 | $8,962 | $648,586 | $147,550 | $501,036 |
| 2015 | $8,629 | $638,844 | $145,334 | $493,510 |
| 2014 | $8,625 | $626,331 | $142,488 | $483,843 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Todd Hawke
Seller Co-Listing Agent in 2021
Todd Hawke
Keller Williams Realty Downey
(310) 774-3746
2 in this area
10 Total Sales
-
Andrew McAllister
A
Buyer's Agent in 2021
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
2 in this area
17 Total Sales
-
Drew McAllister
Buyer's Agent in 2021
Drew McAllister
Nationwide Real Estate Execs
(562) 528-8105
1 in this area
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20222571
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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