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    2104 E Florida Street

    Long Beach, CA 90814
    • $4,250,000
    • STATUS: Active
    • ON SITE: 169 days
    • ID#: PW20222571
    $4,250,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,094
      SQFT
    • $697
      $/SQFT
    Neighborhood:
    Alamitos Beach (Ab)
    Type:
    Multi-Family
    Built:
    1948
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach

    School Ratings & Info

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    Description

    2104 E. Florida Street is an impeccably renovated eleven-unit investment property located in the highly desirable Fourth Street / Retro Row neighborhood of Long Beach. The 1940's-built property offers ten 1 BD / 1 BA units and one studio unit with ample storage and four garages.Extensive interior renovations totaling over $50,000 per unit include new laminate flooring, custom shaker-style cabinets, quartz countertops, in-unit washer/dryers (all but two units), stainless steel appliances, designer bathroom tile, pedestal sinks, and modern lighting, ceiling fans and fixtures throughout. New exterior and building system renovations include HVAC and tankless water heaters for all units, new electrical and plumbing systems and new garage doors. The Fourth Street / Retro Row location is desirable for young urban professionals seeking close proximity to employment opportunities in Downtown Long Beach, along with a plethora of shopping and dining amenities. 2104 E. Florida Street provide an investor with a turnkey condition property in a highly popular Long Beach rental market at a 4.53% cap rate on current rents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T00:25:45.477. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/111323948
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    2104 E Florida Street Long Beach, CA 90814

    • Price: $4,250,000
    • Status: Active
    • ID#: PW20222571
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,094
    SQFT
    $697
    $/SQFT
    1948
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    2104 E. Florida Street is an impeccably renovated eleven-unit investment property located in the highly desirable Fourth Street / Retro Row neighborhood of Long Beach. The 1940's-built property offers ten 1 BD / 1 BA units and one studio unit with ample storage and four garages.Extensive interior renovations totaling over $50,000 per unit include new laminate flooring, custom shaker-style cabinets, quartz countertops, in-unit washer/dryers (all but two units), stainless steel appliances, designer bathroom tile, pedestal sinks, and modern lighting, ceiling fans and fixtures throughout. New exterior and building system renovations include HVAC and tankless water heaters for all units, new electrical and plumbing systems and new garage doors. The Fourth Street / Retro Row location is desirable for young urban professionals seeking close proximity to employment opportunities in Downtown Long Beach, along with a plethora of shopping and dining amenities. 2104 E. Florida Street provide an investor with a turnkey condition property in a highly popular Long Beach rental market at a 4.53% cap rate on current rents.
    Exterior Features

    Garage Spaces 4.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Inside Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksUrban Country Us Electric Expense 1443.00 Elevation Units Feet Fuel Expense 1443.00 Gardener Expense 1200.00 Gross Income 274056.00 Gross Scheduled Income 288480.00 Insurance Expense 2748.00 Land Lease YN No Laundry YN Yes Licenses Expense 600.00 Maintenance Expense 4800.00 Net Operating Income 188918.00 New Construction YN No New Taxes Expense 53116.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Operating Expense 85139.00 Other Expense 2200.00 Other Expense Description Reserves Pest Control Expense 1000.00 Professional Management Expense 13703.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Total Expenses 85139.00 Trash Expense 1443.00 Water Sewer Expense 1443.00 Water Source Public Year Built Source Assessor Zoning Lbr1n

    Listing provided courtesy of Robert Stepp of Keller Williams - Santa Monica and Todd Hawke of Keller Williams - Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T00:25:45.477. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691