Long Beach, CA 90802 1216 E Florida Street

$1,850,000

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Presented By: Matthew Mahowald with Buckingham Investments, Inc; 310 756-5511

MLS# SB24072977
04/16/2024

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Beds • 14
Baths • 8
SQFT • 3,984
Garage • 4

Home Details

Huge Residential Compound located within the highly sought after neighborhood of Alamitos Beach! Here is your chance to own three freestanding buildings on a massive lot of almost 10,000 sqft, blocks away from the sandy beach! This large 4-unit asset consists of two single family homes (each with their own garages and private yard space) and a duplex, totaling almost 4,000 sqft of rentable space with plenty of parking. Live in one and rent the others, add more units by converting the garages into ADUs, short-term rentals blocks away from the ocean – the opportunities are endless!

Presented By: Matthew Mahowald with Buckingham Investments, Inc; 310 756-5511

Interior Features for 1216 E Florida Street

Other Interior Features

Air Conditioning Y/NNo

Basement (Y/N)No

Common WallsItem1CommonWall

Electric On Property Y/NNo

Fireplace FeaturesNone

Fireplace Y/NNo

FlooringLaminate, Vinyl, Wood

Heating Y/NYes

Laundry FeaturesWasherHookup, ElectricDryerHookup, GasDryerHookup, Inside, LaundryRoom

Street SuffixStreet

Total Stories2

Other Rooms

Entry Level1

General for 1216 E Florida Street

AccessibilityParking

Additional Parcels Y/NNo

AppliancesWaterHeater

Attached Garage No

Building Area UnitsSquareFeet

Carport Spaces2.0

Carport Y/NYes

CityLong Beach

Community FeaturesCurbs, DogPark, Park, StreetLights, Urban

ContingencyNone.

CoolingNone

CountyLos Angeles

Days on Market1

DirectionsOn the corner of Orange Ave and Florida St

DisclosuresCityInspectionRequired, RentControl

ElectricStandard

Entry LocationMultiple

Garage Spaces4.0

Garage Y/NYes

Gross Income149880.0

HOA0.0

HOA / Comm AssnNo

HeatingWallFurnace

Home Warranty Y/NNo

Insurance Expense2900.0

Interior FeaturesBuiltinFeatures, Balcony, CeilingFans, OpenFloorplan

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsTwo

Listing TermsCash, CashtoNewLoan, Item1031Exchange

Lot Size Square Feet9929.0

MLS Area4 - Downtown Area, Alamitos Beach

MobileHomeRemainsYNNo

Net Operating Income96993.0

New ConstructionNo

Number of Units Leased2

Open Parking Spaces8.0

Operating Expense46880.0

Other StructuresSecondGarage, Storage

Pool FeaturesNone

PossessionCloseOfEscrow

Private PoolNo

Property Attached Y/NYes

Property ConditionTurnkey

Property Sub Type AdditionalQuadruplex

Property SubTypeQuadruplex

Property TypeResidentialIncome

Rent Control Y/NYes

RoofComposition, Shingle

Security FeaturesCarbonMonoxideDetectors, SmokeDetectors

Senior Community Y/NNo

SewerPublicSewer

Spa FeaturesNone

Special Listing ConditionsStandard

Standard StatusActive

StatusActive

Stories2

Street NameFlorida

Subdivision NameAlamitos Beach (AB)

Tax Lot2

Tenant PaysElectricity, Gas

Total Actual Rent12490.0

Total Units4

Trash Expense1200.0

UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected

ViewNone

View Y/NNo

Water Sewer Expense1200.0

Waterfront FeaturesOceanSideOfFreeway, OceanSideOfHighway

Waterfront Y/NNo

Year Built1904

Year Built SourcePublicRecords

ZoningLBR1N

Exterior for 1216 E Florida Street

Building Area Total3984.0

Crops Included Y/NNo

FencingAverageCondition

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot FeaturesBackYard

Lot Size Acres0.2279

Lot Size Area9929.0

Lot Size SourcePublicRecords

Lot Size UnitsSquareFeet

Number of Buildings3

Number of Separate Electric Meters4

Number of Separate Gas Meters4

Number of Separate Water Meters1

Open Parking Y/NNo

Parking FeaturesAssigned, Concrete, DrivewayLevel, DoorSingle, Driveway, Garage, OnSite, OffStreet, Oversized, Private, OneSpace

Road Frontage TypeCityStreet

Road Surface TypePaved

SpaNo

Total Parking14.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $1,850,000

MLS#SB24072977

List Date 04/16/2024

Property Type Multi-Family

Phone 714.964.3311

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