1631 E Florida St Long Beach, CA 90802

$1,525,000 Sold Price as of 02/17/2021

5 Beds
6 Baths
3,567 Sq.Ft.

Off Market

$1,525,000 Sold Price as of 02/17/2021 Refinance Your Mortgage

Map preview of 1631 E Florida St, Long Beach, CA 90802

Property Overview: 1631 E Florida St Long Beach, CA has 5 bedrooms, 6 bathrooms, 3,567 living square feet and 6,458 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1631 E Florida St is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $769,000. The median price per/sqft for Long Beach is $648. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $153,800 for the down payment and will need roughly $15,380 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $40,950. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1631 E Florida St

Last sold for $1,525,000 on February 17th, 2021

February, 2021
Feb 17, 2021

Date

Sold (Public Records)

Public Records

$1,525,000

Price
January, 2021
Jan 11, 2021

Date

Expired

CRMLS: 20657202

$1,599,000

Price
Nov 9, 2020

Date

Active

CRMLS: 20657202

$1,599,000

Price
Listing provided courtesy of CRMLS

1631-1637 E Florida Street is a 6-unit apartment complex comprised of two (2) studio units, three (3) one-bedroom, one-bathroom units, and one (1) two-bedroom, one-bathroom unit, located in the Alamitos Beach District in Long Beach, CA. Built in 1921, this property features an attractive setting for tenants with two bungalow style units in the front and four larger units with balcony and patio access in the back. Four of the six units have in-unit laundry rooms and all units are separately metered for gas and electricity. The property also includes an opportunity for an investor to convert four one-car garages into two ADUs. Doing so would create an additional $38,500 in potential income and increase an investors cash-on-cash return to 10.4%.The property is located in the heart of Long Beach. Just 6 blocks from Alamitos Beach, it features a walk score of 94/100 and offers tenants access to numerous employment centers, restaurants, retail-shops, and nightlife throughout Long Beach.

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April, 2014
Apr 4, 2014

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1631 E Florida St

Assessed Value (2020): $761,581

Year	Land Value	Improved Value	Assessed Value
2020	$497,855	$263,726	$761,581

About 1631 E Florida St

Detailed summary of property

1631 E Florida St is categorized with a use code of Apartment House (5+ Units) in Long Beach, CA 90802 and last sold on February 17, 2021 for $1,525,000. This property has 5 bedrooms, 6 bathrooms, roughly 3,567 living square feet, and sits on an approximately 6,458 square foot lot. Homes in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 86.2% higher than the current median priced home. 1631 E Florida St was last sold on February 17, 2021 for $1,525,000. Local nearby listings include 550 Orange Ave #227, 2015 E Broadway #405 and 1237 E 6th St #107. The average home in Long Beach, CA is selling in 65 days. There are currently 777 homes for sale in the Long Beach real estate market and 410 of them are single family homes while 343 of them are condos and 22 are townhomes. If you are the homeowner and looking to sell the home at 1631 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 1631 E Florida St

Public county record property details

Beds: 5
Baths: 6
Year built: 1921
Sq. Ft.: 3,567
Lot Size: 6,458
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 11
APN: 7275-016-013

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

$549,000

Median List Price/Sq.Ft.

$648

Median Sold Price

$515,000

Median Sold Price/Sq.Ft.

$619

Total Inventory

181

Median Sale to List Price %

100.39%

Avg Days on Market

Loan Type

Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

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(714) 706-1823

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