2040 E Florida Street,  Long Beach CA, 90814 (Residential Income)

5,362 sqft
Status: Sold
MLS#: PW14072439
Skip Slideshow
Last Updated: 12/2/2016 12:13 PM
Description for 2040 E Florida Street Long Beach, CA 90814
AMAZING LOCATION!!! Alamitos Beach/Carroll Park! 1972 construction building with no deferred maintenance. Perfect unit mix: 1 - 3 bedroom/2 bath, 1- 2 bedroom/2 bath, 6 - 1 bedroom/1 bath. Building runs smoothly w/long term tenants. Vacancies are rare. DEFINITE Upside in Rents - no rent control in Long Beach! Separately metered for electric and units have individual hot water heaters (to keep expenses low). 4 garages and 8 parking spaces. Laundry room w/ seller's own machines. This building would be perfect to add to your investment portfolio! Income Actual, Expenses are Estimated. Proforma info: Market rent on 1 Bedrooms = $1095. Market rent on 2 Bedroom/ 2 Bath = $1350. Market rent on 3 Bedroom/ 2 Bath = $1500. Proforma rent = $9745/mo - $116,940/yr. Proforma Cap = 5.76% - GRM = 13.04
Price
Sold Price:
$1,350,000
Sold Date:03/09/2015
Los Angeles
5,362 (approx)
PW14072439
Closed
Description
AMAZING LOCATION!!! Alamitos Beach/Carroll Park! 1972 construction building with no deferred maintenance. Perfect unit mix: 1 - 3 bedroom/2 bath, 1- 2 bedroom/2 bath, 6 - 1 bedroom/1 bath. Building runs smoothly w/long term tenants. Vacancies are rare. DEFINITE Upside in Rents - no rent control in Long Beach! Separately metered for electric and units have individual hot water heaters (to keep expenses low). 4 garages and 8 parking spaces. Laundry room w/ seller's own machines. This building would be perfect to add to your investment portfolio! Income Actual, Expenses are Estimated. Proforma info: Market rent on 1 Bedrooms = $1095. Market rent on 2 Bedroom/ 2 Bath = $1350. Market rent on 3 Bedroom/ 2 Bath = $1500. Proforma rent = $9745/mo - $116,940/yr. Proforma Cap = 5.76% - GRM = 13.04
Listing Information
Property Type: Cluster, 2 Story
0.15 Acres 5,362 (approx)
1972 Yes- 4 spaces
2
Public Water Service
Sewer at Street
8 Total
Neighborhood
Room Information
Common
Interior Features
Carpet Wall to Wall
Floor Furnace
No Fireplace
Exterior / Lot Features
4 Garage Spaces, 12 Parking Spaces, Assigned Parking Space
None
No Pool
Gutters, Curbs Walk
Driving Directions
East of Cherry, West of Junipero, North of Ocean, South of 4th
Financial Considerations
7263005008
$100,620 Income ,$25,155Expense
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90814 has a population of 463,589.

The median household income in Long Beach, California 90814 is $52,900. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Long Beach 90814 is 33.2 years.

Loading nearby sales and history ...
Courtesy: Keller Williams Pacific Estate Julie Hughes
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
My Drive Time
Enter your work address to view actual drive times with traffic for this property

No    Yes

Calculate & Save Calculating ...
Calculating ...
Here is the weekday INRIX Drive Time from this property to .

When you register, you will receive ...

Weekday drive times
Plus all these great features

  • Drive Time calculations that inform you about traffic conditions from the property you are interested in to your place of work, along with driving directions.
  • Automatic Drive Time calculations for every property. Simply enter your work address to start.
  • Access to INRIX Drive Time data that is used by Garmin, Pioneer, Toyota, and many other well-known companies.
  • Other benefits from being a registered user including: saved properties, saved searches, price alerts, notes, direct access to your agent and much more!

Register or login today to take advantage of Drive Time
Nearby homes for sale
Recent sales nearby