Richard Gaylord
Re/Max R. E. Specialists
(424) 300-8259
24 Total Sales
1 in North Alamitos Beach
$1,150,000 Price
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
- Wilson High School Rated A
- 4 Car Garage
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
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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 in unit
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
Amenities
- Laundry Facilities
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
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
Closed on
Mar 9, 2021
Sold by
Lmdg Real Estate Value Fund Ii Holdings
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
$2,430,000
Interest Rate
3.1%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 6, 2018
Sold by
Lejins Diana Y
Bought by
Lmdg Real Estate Value Fund Ii Holdings
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,647,750
Interest Rate
4.6%
Mortgage Type
Commercial
Purchase Details
Closed on
May 23, 2018
Sold by
Lejins Diana Y
Bought by
Marken Steven S and Diana Y Lejins Charitable Remainder Unit
Purchase Details
Closed on
May 4, 2018
Sold by
L & A Development Group Ltd
Bought by
Lejins Diana Y
Home Values in the Area
Average Home Value in this Area
Agents Specializing in North Alamitos Beach, CA
-
Richard Gaylord
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
1 in North Alamitos Beach
$325,000 Price
-
Wendi Otto
Wendi Otto
Responds QuicklyKeller Williams Lake Arrowhead
(562) 586-4501
51 Total Sales
1 in North Alamitos Beach
$320,000 Price
-
Ross Gagnon
Ross Gagnon
Coldwell Banker Realty
(949) 518-3075
37 Total Sales
1 in North Alamitos Beach
$975,000 Price
-
Stephanie Logan
Stephanie Logan
Citrus and Sage Realty
(657) 390-9848
7 Total Sales
1 in North Alamitos Beach
$832,312 Price
-
Robert Vanbeveran
Robert Vanbeveran
Elite Homes Realty
(657) 256-5962
7 Total Sales
1 in North Alamitos Beach
$771,400 Price
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 |
|---|---|---|---|
| $4,050,000 | Ticor Title | ||
| Lmdg Real Estate Value Fund Ii Holdings | $2,535,000 | First American Title Company | |
| Marken Steven S | -- | None Available | |
| Lejins Diana Y | -- | None Available |
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 |
|---|---|---|---|
| Previous Owner | $2,430,000 | ||
| Previous Owner | Lmdg Re Value Fund Ii Holdings Llc | $2,500,000 | |
| Previous Owner | Lmdg Real Estate Value Fund Ii Holdings | $1,647,750 |
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 2026 | $57,743 | $4,471,524 | $2,870,608 | $1,600,916 |
| 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
Seller's Agent in 2021
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
19 in this area
81 Total Sales
-
Todd Hawke
Seller Co-Listing Agent in 2021
Todd Hawke
Keller Williams Realty Downey
(310) 774-3746
1 in this area
11 Total Sales
-
Andrew McAllister
AM
Buyer's Agent in 2021
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
1 in this area
14 Total Sales
-
Drew McAllister
Buyer's Agent in 2021
Drew McAllister
Nationwide Real Estate Execs
(925) 683-9203
10 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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