NOT LISTED FOR SALE

2105 E Florida St Long Beach, CA 90814

North Alamitos Beach Neighborhood
20 Beds
10 Baths
12,218 Sq Ft
0.27 Acres

Last Sold November 04, 2015

Last sale price $3,200,000 $262 Per Sq Ft

74 Days on Market

Highlights

  • 0.27 Acre Lot
  • Laundry Room
  • Heating Available
  • Woodrow Wilson High School Rated A
  • Paved or Partially Paved Lot

About This Home

As of November 2015

The Florida Apartments (14)-2 Bedrooms (several come with 2 Baths) and 8 Garages are perfectly located in the east area of Downtown/Alamitos Beach District on a quite residential street and centered just blocks away, going north to the very popular Arts District on 4th Street, blocks to the Beach going south, Belmont Heights to the east and just minutes away to Downtown going west. Select units come with Granite Counter Tops, Hardwood and Tile Flooring, Tile Showers Walls and Ceiling Fans. All electric, separate meters, separate water heaters. Several rents are below market. Pro Forma Market figures are Gross Income $249,732, Cap Rate 5.26, X Gross 12.98 (ALL 2BD/1BA @ $1400, ALL 2BD/2BA @ $1500, 8-Garages @ $100 and Laundry Room Inc @ $111).

Last Agent to Sell the Property

Larry Bustamante

Keller Williams Realty Downey License #00762602 Listed on: 08/01/2015

Keller Williams Realty Downey

Last Buyer's Agent

Kurt Wood

Belmont Brokerage & Mgmt. INC. License #00452182

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 12,218 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Tract Number 5768
  • Assessor Parcel Number 7263004045

Community Details

Building Details

  • 15 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $1,531
  • Insurance Expense $1,299
  • Maintenance Expense $12,934
  • Other Expense $1,465
  • Professional Management Expense $9,924
  • Water Sewer Expense $3,550
  • New Taxes Expense $40,189
  • Gross Income $17,120
  • Net Operating Income $127,563

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

8

Listing Details

  • CapRate: 3.93
  • Professional Management Expense: 9924.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 3550.00
  • Property Type: Residential Income
  • Parcel Number: 7263004045
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 261.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Level, Lot 10000-19999 Sqft, Paved
  • Lot Size Sq Ft: 11769.00
  • Price Per Lot Square Foot: 271.90
  • Lot Size Acres: 0.2700

Multi Family

  • Electric Expense: 1531.00
  • Gross Income: 17120.00
  • Gross Multiplier: 15.77
  • Gross Scheduled Income: 205440.00
  • Insurance Expense: 1299.00
  • Lot Size Area: 11769.0000 Square Feet
  • Maintenance Expense: 12934.00
  • Net Operating Income: 127563.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 71714.00
  • Other Expense: 1465.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 40189.00
  • Tax Lot: 00
  • 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
11/04/2015 11/04/15 Sold $3,200,000 -1.3% $262 / Sq Ft
10/14/2015 10/14/15 Pending -- -- --
08/01/2015 08/01/15 For Sale $3,241,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Larry Bustamante

    Seller's Agent in 2015

    Larry Bustamante

    Keller Williams Realty Downey

    (323) 481-9788

    8 in this area

    15 Total Sales

    Larry Bustamante
    Section Image
  • Kurt Wood

    Buyer's Agent in 2015

    Kurt Wood

    Belmont Brokerage & Mgmt. INC.

    (562) 301-6763

    1 in this area

    20 Total Sales

    Kurt Wood
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15171663

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

2105 E Florida St, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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