Sold for $1,490,000

Listed by: Pabst, Kinney & Associates • Spencer Pabst • Contact: 562-884-6875

Bought with: John Bunnett, Broker

$1,490,000

2024 E Florida St, Long Beach, CA 90814

9beds

5baths

4,317sqft

Quadruplex

Built in 1968

-- sqft lot

$1,647,600 Zestimate^®

$345/sqft

$2,890 Estimated rent

Home value

$1,647,600

$1.47M - $1.85M

$2,890/mo

Zestimate^® history

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$2,890/mo

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$2,890/mo

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$10,091/mo

Est. payment

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$10,091/mo

Est. payment

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What's special

Great Investment Opportunity! Statewide Fourplex in great Alamitos Beach Neighborhood, just a block from 4th Street Retro Row, and walking distance to the Beach. The subject property consists of a 4 unit apartment building, approx. 4,317 square feet, comprised of (1) 3bd/2bth unit, and (3) 2bd/1bth units, and 4 single car garages. Built in 1968, this all electric building is separately metered, and offers investors substantial upside in the rental income, and opportunity to convert the garages to an ADU. Don't miss this great investment property!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 5

Appliances

Laundry: None

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 4,317
Total interior livable area: 4,317 sqft

Property

Parking

Total spaces: 6
Parking features: Garage
Garage spaces: 4
Uncovered spaces: 2

Features

Entry location: 1
Pool features: None

Lot

Size: 6,502 Square Feet
Features: Rectangular Lot

Details

Parcel number: 7263005006
Zoning: LBR1N
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1968

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks
Subdivision: Alamitos Beach

Location

Region: Long Beach

Financial & listing details

Price per square foot: $345/sqft
Tax assessed value: $1,519,800
Date on market: 10/25/2024
Cumulative days on market: 12 days
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange
Total actual rent: 7955

Price history

Date	Event	Price
12/13/2024	Sold	$1,490,000-3.8%$345/sqft
Source: CRMLS #PW24221221 Report a problem
11/6/2024	Contingent	$1,549,000$359/sqft
Source: CRMLS #PW24221221 Report a problem
10/25/2024	Listed for sale	$1,549,000+299.7%$359/sqft
Source: CRMLS #PW24221221 Report a problem
4/6/2001	Sold	$387,500$90/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$1,519,800 +2%
2025	$19,991 +146.8%	$1,490,000 +160.3%
2024	$8,100 +1.7%	$572,435 +2%
2023	$7,962 +6.2%	$561,211 +2%
2022	$7,495 +2.3%	$550,208 +2%
2021	$7,323 +0.3%	$539,420 +1%
2020	$7,302	$533,890 +2%
2019	$7,302 +5.3%	$523,422 +2%
2018	$6,933	$513,159 +2%
2017	$6,933 +1.1%	$503,098 +2%
2016	$6,861 +7.8%	$493,234 +1.5%
2015	$6,362 +4.4%	$485,827 +2%
2014	$6,092	$476,312 +2.5%
2012	--	$464,864 +2%
2011	--	$455,750 +0.8%
2010	--	$452,344 -0.2%
2009	--	$453,419 +2%
2008	--	$444,530 +2%
2007	--	$435,815 +2%
2006	--	$427,271
2005	--	$427,271 +4%
2004	--	$410,681 +1.9%
2003	--	$403,155 +2%
2002	--	$395,250 +71.2%
2000	--	$230,815