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1216 E Florida St, Long Beach, CA 90802
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1216 E Florida St Long Beach, CA 90802

$1,850,000
  • 14 Beds
  • 8 Baths
  • 3,984 Sq.Ft.
For Sale
$1,850,000 Get Pre-Qualified
Map preview of 1216 E Florida St, Long Beach, CA 90802

Property Overview: 1216 E Florida St Long Beach, CA has 14 bedrooms, 8 bathrooms, 3,984 living square feet and 9,929 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!

Listed by Matthew Mahowald | BRE #02001732 | Buckingham Investments, Inc
Last checked: 14 minutes ago | Last updated: April 17th, 2024 | Source CRMLS | DOM: 13
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Home details

Lot Sq. Ft
9,929
HOA Dues
$0/mo
Year built
1904
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
SB24072977
City
Long Beach
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Leased Units: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,745
  • Total Rent: $2,745
  • Pro Forma/Market Rent: $2,745
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,745
  • Total Rent: $2,745
  • Pro Forma/Market Rent: $2,745
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $149,880
  • Net Operating Income: $96,993
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $46,880
  • Trash: $1,200
  • Insurance: $2,900
  • Water/Sewer: $1,200

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Property Details for 1216 E Florida St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Vinyl, Wood
  • Bonus Room, Family Room, Kitchen, Laundry, Living Room, Office
Kitchen Information
  • Has Appliances
  • Water Heater
Interior Features
  • Balcony, Built-in Features, Ceiling Fan(s), Open Floorplan
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Has Fence
  • Average Condition
  • Other Structures: Second Garage, Second Garage Attached, Second Garage Detached, Storage
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Assigned, Driveway, Concrete, Driveway Level, Garage, Garage - Single Door, Off Street, On Site, Oversized, Parking Space, Private
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7275009001
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: Parking
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: On the corner of Orange Ave and Florida St
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Dog Park, Park, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1216 E Florida St

Last sold for $750,000 on April 22nd, 2004

  • April, 2024

  • Apr 16, 2024

    Date

    Active

    CRMLS: SB24072977

    $1,850,000

    Price

  • April, 2004

  • Apr 22, 2004

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

  • July, 1997

  • Jul 24, 1997

    Date

    Sold (Public Records)

    Public Records

    $265,000

    Price

Show More

Tax History for 1216 E Florida St

Assessed Value (2020): $975,027
Year Land Value Improved Value Assessed Value
2020 $650,020 $325,007 $975,027

Home Value Compared to the Market

This property vs the competition

1216 E Florida St is listed 131.28% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $464.36 per/sqft which puts the price per square foot 27.89% lower than the median price per square foot for the city of Long Beach.

About 1216 E Florida St

Detailed summary of property

1216 E Florida St is a fourplex located in Long Beach, CA 90802 and is currently for sale. This fourplex offers 14 bedrooms, 8 bathrooms, roughly 3,984 living square feet, and sits on an approximately 9,929 square foot lot. 1216 E Florida St was first listed on ArdentRealEstateGroup.com on April 16, 2024. The homeowner is currently asking $1,850,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 131.28% higher than the median priced home. Local competing homes currently for sale include 1050 Molino Ave, 1512 N Stanton Pl and 2507 E 14th St. While the average home in Long Beach, CA is selling in 54 days, 1216 E Florida St has a days on market of 13 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 1216 E Florida St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1216 E Florida St

Public county record property details
Beds
7
Baths
5
Year built
1904
Sq. Ft.
3,984
Lot Size
9,927
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
7275-009-001

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$530,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$505,000
Median Sold Price/Sq.Ft.
$634
Total Inventory
124
Median Sale to List Price %
96.19%
Avg Days on Market
34
Loan Type
Conventional (50%), FHA (3.57%), VA (3.57%), Cash (28.57%), Other (10.71%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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