Skip To Content

1609 E Florida Street

Long Beach, CA 90802
  • $1,300,000
  • STATUS: Active Under Contract
  • ON SITE: 53 days
  • ID#: PW21121486
Under Contract
UPDATED: 21 min ago
$1,300,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Description

Location-Location! Less than 4 blocks to the beach! Check out the Walking Score of 91. You can't find a building surrounded with so much activities and places to go, while be located on a quiet, one-way street. There are 4 Two-Bedroom One-Bathroom units. The downstairs units have some updating, hardwood floors, and back doors to the large patio area and community laundry. The Upstairs units feature carpet throughout, and access to the shared front balcony. One downstairs unit will be turning over at end of October. Other 3 tenants have been living in building for multiple years. All tenants are on a month-to-month agreement. Laundry equipment is owned and will convey with property. Appliances have been replaced as needed in each unit. Halogen lighting installed installed throughout about 5 yrs ago, though some have been replaced since. Downstairs units were occupied by a prior owner and updated during his ownership. Building has routine pest control and was tented in 2019. Don't miss out on this opportunity for a great, easy to own and operate 4 unit building. Currently, state rent control and Covid 19 restrictions apply. All tenants month to month

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T08:24:45.983. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/117951679
Print Image

1609 E Florida Street Long Beach, CA 90802

  • Price: $1,300,000
  • Status: Active Under Contract
  • Updated: 21 min ago
  • ID#: PW21121486
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1924
Built
Neighborhood:
Alamitos Beach (Ab)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
Location-Location! Less than 4 blocks to the beach! Check out the Walking Score of 91. You can't find a building surrounded with so much activities and places to go, while be located on a quiet, one-way street. There are 4 Two-Bedroom One-Bathroom units. The downstairs units have some updating, hardwood floors, and back doors to the large patio area and community laundry. The Upstairs units feature carpet throughout, and access to the shared front balcony. One downstairs unit will be turning over at end of October. Other 3 tenants have been living in building for multiple years. All tenants are on a month-to-month agreement. Laundry equipment is owned and will convey with property. Appliances have been replaced as needed in each unit. Halogen lighting installed installed throughout about 5 yrs ago, though some have been replaced since. Downstairs units were occupied by a prior owner and updated during his ownership. Building has routine pest control and was tented in 2019. Don't miss out on this opportunity for a great, easy to own and operate 4 unit building. Currently, state rent control and Covid 19 restrictions apply. All tenants month to month
Exterior Features

Construction Materials FrameStucco Direction Faces South Entry Location 1 Fencing Block Lot Features Sprinklers NoneWalkstreet Number Of Separate Electric Meters 5 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Flat View Neighborhood View YN Yes

Interior Features

Appliances DishwasherGas RangeRefrigerator Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetWood Heating Wall Furnace Heating YN Yes Interior Features BalconyCeramic CountersTile CountersUnfurnished

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.9 Common Interest None Community Features Storm Drain(S)Street LightsSuburbanSidewalks Contingency Sellers Plan To Do A 1031 Exchange. Buyer Requesting Rent increases Prior To Close Of Escrow Current Financing Conventional Disclosures Familial RelationListing Broker Advantage Electric Expense 300 Fuel Expense 300 Garage YN No Gross Income 13400 Gross Scheduled Income 98600 Insurance Expense 900 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 73194 New Construction YN No New Taxes Expense 15600 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 21906 Pest Control Expense 1080 Pool Expense 0 Possession Close Of Escrow Property Condition Termite Clearance Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Tenant Pays Cable TvElectricityGasTelephone Total Actual Rent 6100 Trash Expense 296 Vacancy Allowance 2800 Water Sewer Expense 2700 Water Source Public Zoning Lbr1n

Listing provided courtesy of Richard Daskam of Exp Realty Of California Inc and Janine Attema-Schonert of Exp Realty Of California Inc


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T08:24:45.983. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365556053-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365556053-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365556053-2.jpg
Logo
Twiss Realty
5071-A Cole Road
Mariposa CA, 95338