18
See all 18 photos
$1,524,000
Est. payment /mo
7 Beds
5 Baths
3,578 SqFt
Pending
1719 E Florida ST Long Beach, CA 90802
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 3,578 sqft
Price per Sqft $425
MLS Listing ID 26665501
Bedrooms 7
HOA Y/N No
Year Built 1920
Lot Size 5,331 Sqft
Property Description
Prime Alamitos Beach Fourplex! 1719 E Florida St consists of a front SFR (built 1920) and a 3-unit building (built 1982) located in the back. The property is composed of (1) 3 bed + 2 bath, (1) 2 bed + 1.5 bath, (1) 2 bed + 1 bath, and (1) studio unit. Three of the four units are currently occupied, with one 2 bed / 1 bath unit currently vacant and projected to achieve approximately $2,500 per month in rent. The average in-place rent for the occupied units is $2,556, with approximately 7% rental upside across the property. The owner has made many substantial capital improvements including newly installed solar panels (51 total panels 365 total watt) and a replaced main electrical panel. The owner pays for water and sewer, while tenants pay for gas, trash, and electricity for three of the four units. Utilities for the studio unit are paid for by the seller. The property includes in-unit laundry in the SFR front unit and Unit A, along with shared laundry in the garage for Unit B and Unit C. There are a total of 7 parking spaces, including 2 garages. This is an excellent opportunity for an investor to acquire a well-located asset with major capital improvements already completed and immediate upside through leasing the vacant unit. The property is located in Alamitos Beach, just minutes from numerous restaurants, shops, and amenities along Retro Row.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR1N
Interior
Interior Features Ceiling Fan(s)
Heating Floor Furnace
Fireplace No
Appliance Dishwasher, Dryer
Laundry Inside, In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Community Features Gated
Total Parking Spaces 7
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 7275016021
Security Features Gated Community
Special Listing Condition Standard
Listed by John 'Jack' McCann Lyon Stahl Investment Real Estate, Inc. #01963932
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION