1216 East Florida Street

Long Beach, CA 90802

$1,850,000
Price
14
Beds
8
Baths
3,984 Sq. Ft.
$464 / Sq. Ft.
3,984
Sq. Ft.
$464
per Sq. Ft.

Description

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...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!
  1. Listed by Matthew Mahowald • DRE #02001732 • Brokerage DRE #01914434 • Buckingham Investments, Inc • 310 756-5511

Property Details for 1216 East Florida Street

View
None
Parking Spaces Total
14
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3984

Location

Listing Courtesy of Buckingham Investments, Inc, Matthew Mahowald, DRE #02001732
Add your commute
LISTING UPDATED: 04/16/2024 11:21 PM

Property Details for 1216 East Florida Street

StatusActive
MLS #SB24072977
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1904
Lot Size0.23 AC / 9,929 SF
CountyLos Angeles County

Location

Listing Courtesy of Buckingham Investments, Inc, Matthew Mahowald, DRE #02001732
Add your commute

Building Information for 1216 East Florida Street

Stories2Residences-Year Built1904Building Size-Lot Size0.23 AC / 9,929 SF

Payment Calculator

$11,792 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,696

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1216 East Florida Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $149,880
  • Gross Scheduled Income: $149,880
  • Net Operating Income: $96,993
Expense Details
  • Operating Expense: $46,880
  • Insurance Expense: $2,900
  • Trash Expense: $1,200
  • Water Sewer Expense: $1,200
  • Total Expenses: $46,800
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 5765.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 2
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Dog Park, Park, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Water Heater
  • Equipment: Gas Or Electric Dryer Hookup, Inside, Room, Washer Hookup
  • Interior Features: Balcony, Built-in Features, Ceiling Fan(s), Open Floorplan
  • Room Type: Bonus Room, Family Room, Kitchen, Laundry, Living Room, Office
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate, Vinyl, Wood
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Roof: Composition, Shingle
  • Entry Location: Multiple
  • Fence: Yes
  • Fencing: Average Condition
  • Other Structures: Second Garage, Second Garage Attached, Second Garage Detached, Storage
  • Property Condition: Turnkey
  • View Description: None
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Driveway, Garage, Garage - 1 Car, Oversized, Parking Space, Private
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 4
  • Carport Spaces: 2
  • Parking Features: Assigned, Driveway, Concrete, Driveway Level, Garage, Garage - Single Door, Off Street, On Site, Oversized, Parking Space, Private
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,000
  • Unit Type Total Rent: $4,000
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,745
  • Unit Type Total Rent: $2,745
  • Unit Type Pro Forma: 2745
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,745
  • Unit Type Total Rent: $2,745
  • Unit Type Pro Forma: 2745
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1216 East Florida Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1216 East Florida Street

Taxable ValueLand$1,106,000Additions$444,000Total$1,550,000
Tax Record2023$20,351 ($1,696 / month)
Home Facts
Total Finished SqFt3,984 SqFtAbove Grade Finished SqFt3,984 SqFtLot Size9,927 SqFtStyleQuadraplexYear Built1904ZoningLBR1NCountyLOS ANGELESAPN7275-009-001

Schools near 1216 East Florida Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1216 East Florida Street is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on April 15, 2024 by Buckingham Investments, Inc, it's currently listed at $1,850,000. It has been on the market for a total of 13 days and was last sold on October 14, 2022. This listing's school district is Long Beach Unified School District. Nearby schools include Stevenson Elementary School, Franklin Classical Middle School and Polytechnic High School. 1216 East Florida Street is a 14-bed, 8-bath, 3,984 sqft multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Buckingham Investments, Inc, Matthew Mahowald, DRE #02001732

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.