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1609 E Florida St, Long Beach, CA 90802
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1609 E Florida St Long Beach, CA 90802

$1,320,000 Sold Price as of 09/17/2021
  • 8 Beds
  • 4 Baths
  • 3,258 Sq.Ft.
Sold
$1,320,000 Sold Price as of 09/17/2021 Refinance Your Mortgage
Map preview of 1609 E Florida St, Long Beach, CA 90802

Property Overview: 1609 E Florida St Long Beach, CA has 8 bedrooms, 4 bathrooms, 3,258 living square feet and 3,223 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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

Listed by Richard Daskam | BRE #01091037 | eXp Realty of California Inc
Co-listed by Janine Attema-Schonert | BRE #01409308 | eXp Realty of California
Last checked: 6 minutes ago | Last updated: March 23rd, 2023 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
3,223
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
PW21121486
City
Long Beach
County
Los Angeles
Time on Site
1076 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.9%
  • Gross Rent Multiplier: 13.18
  • Gross Scheduled Income: $98,600
  • Net Operating Income: $73,194
  • Gross Operating Income: $95,100
  • Vacancy Allowance: $2,800
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $1,400
  • Laundry Own/Lease: Own
  • Other Income 1: $12,000
  • Other Income 2: $0
  • Other Income Description: Ask about antenna rental
Annual Expense Breakdown
  • Total Operating Expense: $21,906
  • Electric: $300
  • Gas/Fuel: $300
  • Licenses: $250
  • New Taxes: $15,600
  • Trash: $296
  • Gardener: $480
  • Insurance: $900
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $2,700

Property Details for 1609 E Florida St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Refrigerator
Interior Features
  • Ceramic Counters, Living Room Balcony, Tile Counters, Unfurnished
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • Block
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Sprinklers None, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7275016009
  • Year Built Source: Assessor
  • Property is not Attached
  • Property Condition: Termite Clearance
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: In on Florida off of Walnut, South of 4th, North of 3rd
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 1609 E Florida St

Last sold for $1,320,000 on September 17th, 2021

  • August, 2021

  • Aug 19, 2021

    Date

    Pending

    CRMLS: PW21121486

    $1,300,000

    Price

  • Jun 20, 2021

    Date

    Active Under Contract

    CRMLS: PW21121486

    $1,300,000

    Price

  • Jun 5, 2021

    Date

    Active

    CRMLS: PW21121486

    $1,300,000

    Price

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: PW20217619

    $1,250,000

    Price

  • Dec 11, 2020

    Date

    Active

    CRMLS: PW20217619

    $1,250,000

    Price

  • Dec 10, 2020

    Date

    Expired

    CRMLS: PW20217619

    $1,250,000

    Price

  • Dec 7, 2020

    Date

    Sold

    CRMLS: PW20217619

    --

    Price

  • Nov 10, 2020

    Date

    Price Change

    CRMLS: PW20217619

    $1,250,000

    Price

  • Oct 15, 2020

    Date

    Active

    CRMLS: PW20217619

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    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.

  • December, 2020

  • Dec 7, 2020

    Date

    Leased

    CRMLS: PW20236007

    $1,800

    Price

  • Nov 10, 2020

    Date

    Price Change

    CRMLS: PW20236007

    $1,800

    Price

  • Nov 9, 2020

    Date

    Active

    CRMLS: PW20236007

    $1,750

    Price

  • Listing provided courtesy of CRMLS

    Location location location! Be apart of retro row on 4th st only a block away or go to the beach only 3 blocks away. There aren't many rentals downtown that are quietly tucked away with a 91 walk score. Anything that you could need you would be able to walk to. Appliances only a year old with nice hardwood floors. On site laundry in the back of the unit.

  • November, 2008

  • Nov 24, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2008

  • Jan 4, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1609 E Florida St

Assessed Value (2020): $725,457
Year Land Value Improved Value Assessed Value
2020 $345,637 $379,820 $725,457

Home Value Compared to the Market

This property vs the competition

1609 E Florida St sold on September 17, 2021 for 62.5% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $399.02 per/sqft which puts the price per square foot 36.86% lower than the current median sale per square foot for the city of Long Beach.

About 1609 E Florida St

Detailed summary of property

1609 E Florida St is a fourplex that recently sold in Long Beach, CA 90802. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 3,258 living square feet, and sits on an approximately 3,223 square foot lot. 1609 E Florida St was first listed on ArdentRealEstateGroup.com on June 5, 2021. The homeowner sold the property for $1,320,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 62.5% higher than the current median priced home. Local homes that are currently for sale include 1971 Locust Ave, 1033 Prospect Ave and 2175 Earl Ave. While the average home in Long Beach, CA is selling in 51 days, 1609 E Florida St has a days on market of 15 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 1609 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 1609 E Florida St

Public county record property details
Beds
8
Baths
4
Year built
1924
Sq. Ft.
3,258
Lot Size
3,222
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7275-016-009

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.
$630
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
130
Median Sale to List Price %
102.86%
Avg Days on Market
37
Loan Type
Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 1609 E Florida St

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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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