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1216 E Florida Street Long Beach, CA $ 1,850,000
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$ 1,850,000 Get more info
1216 E Florida Street
$ 1,850,000
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1216 E Florida Street

Long Beach, CA, 90802
$ 1,850,000
Bedrooms14 Baths8.0 Sq 3,984

Monthly Estimate*

$ 12,923

Listed by Buckingham Investments, Inc
1216 E Florida Street, Long Beach, CA 90802 - Image 1
1216 E Florida Street, Long Beach, CA 90802 - Image 2
1216 E Florida Street, Long Beach, CA 90802 - Image 3
1216 E Florida Street, Long Beach, CA 90802 - Image 4
1216 E Florida Street, Long Beach, CA 90802 - Image 5
1216 E Florida Street, Long Beach, CA 90802 - Image 6
1216 E Florida Street, Long Beach, CA 90802 - Image 7
1216 E Florida Street, Long Beach, CA 90802 - Image 8
1216 E Florida Street, Long Beach, CA 90802 - Image 9

Multi-Family Home for sale in Long Beach, CA

for $1,850,000 with 14 bedrooms and 8 full baths. This 3,984 square foot home was built in 1904 on a lot size of 0.2279.

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!

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

14

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.2279

Year Built

1904

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB24072977

Days on Market

28
Features
General
Interior Features BuiltinFeatures Balcony CeilingFans OpenFloorplan
Sewer PublicSewer
Heating WallFurnace
Cooling None
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Composition Shingle
Appliances WaterHeater
Zoning LBR1N
HOA 0.0
Garage Spaces 4.0
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Year Built 1904
Electric Standard
Tenant Pays Electricity Gas
View None
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 149880.0
Waterfront Features OceanSideOfFreeway OceanSideOfHighway
Community Features Curbs DogPark Park StreetLights Urban
Accessibility Parking
County Los Angeles
Net Operating Income 96993.0
Operating Expense 46880.0
Insurance Expense 2900.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency None.
Subdivision Name Alamitos Beach (AB)
Garage Y/N Y
Other Structures SecondGarage Storage
Special Listing Conditions Standard
Status ActiveUnderContract
Directions On the corner of Orange Ave and Florida St
City Long Beach
Disclosures CityInspectionRequired RentControl
Entry Location Multiple
View Y/N N
Senior Community Y/N N
Open Parking Spaces 8.0
Total Units 4
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Square Feet 9929.0
Private Pool N
Waterfront Y/N N
Carport Spaces 2.0
Carport Y/N Y
Number of Units Leased 2
Street Name Florida
Listing Terms Cash CashtoNewLoan Item1031Exchange
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Property Condition Turnkey
Trash Expense 1200.0
Water Sewer Expense 1200.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 24
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Year Built Source PublicRecords
Tax Lot 2
Total Actual Rent 12490.0
Property Sub Type Additional Quadruplex
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Interior
Flooring Laminate Vinyl Wood
Fireplace Features None
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup Inside LaundryRoom
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing AverageCondition
Parking Features Assigned Concrete DrivewayLevel DoorSingle Driveway Garage OnSite OffStreet Oversized Private OneSpace
Lot Features BackYard
Water Source Public
Total Parking 14.0
Lot Size Area 9929.0
Number of Buildings 3
Spa N
Building Area Total 3984.0
Lot Size Acres 0.2279
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source PublicRecords
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1216
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* Excluded Features
List By
Buckingham Investments, Inc

Broker

(310) 982-7055

Phone

Affordability Calculator

$12,923
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,923
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/16/2024$1,850,000 Listed Price

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1216 E Florida Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $1,850,000 with 3,984 sqft and a lot size of 0.2279. 1216 E Florida Street has 14 bedrooms, 8.0 baths, and was built in 1904. The property's zip code is 90802 which is in Long Beach, CA

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