Address
1631 E Florida Street Long Beach, CA
Price
$ 1,599,000
Property Attributes
  • MLS#20657202
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaDowntown Area - Alamitos Beach
  • Zip90802
  • Style
  • Price$ 1,599,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
David Harrington with Matthews Real Estate Investment Services.
Property Description

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.

Price History
11/9/2020 Listed $1,599,000

General Features

Cooling Wall/Window Unit(s)
Directions Located in Alamitos Beach, just south of 4th Street and north of Broadway. Just east of Walnut Ave and west of Hermosa Ave.
Garage Spaces 4.00
Heating Wall Furnace
Listing Agent David Harrington - BRE#01320460
Listing Agent State License 01320460
MLS Area 4 - Downtown Area, Alamitos Beach
Parking Features Garage - Single Door
Pool Features None
PropertyCondition Updated/Remodeled
Spa Features None
Special Listing Conditions Standard
Total Units 6
Zoning LBR1N

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Total Stories 2

Exterior Features

Lot Size Acres 0.1400
Lot Size Area 6458.0000
Lot Size Source Assessor
Lot Size Square Feet 6458.00
Lot Size Units Square Feet
Number of Buildings 3
Parking Y/N Yes
Total Parking 4.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90802

Price
AVG $2.38M
$1.6M
Visits
AVG 80
17
Year Built
AVG 1923
1921

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