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1719 E Florida Street 1719 E Florida St 4 Unit Apartment Building $1,599,900 ($399,975/Unit) 5.15% Cap Rate Long Beach, CA 90802
INVESTMENT HIGHLIGHTS
- Brand New Solar Panels
- Renovated Units
- Garage Parking
EXECUTIVE SUMMARY
Prime Alamitos Beach Fourplex! 1719 E Florida St consists of a beautifully remodeled front SFR and a rear 3-unit building just 3.5 blocks from the beach. This turnkey property offers a total of 4 units: (1) 3 bed + 2 bath SFR, (1) 2 bed + 1.5 bath townhouse, (1) 2 bed + 1 bath, and (1) studio. All units are currently occupied. The front house has been extensively remodeled in a modern contemporary style, featuring premium gray vinyl plank flooring, stylish porcelain tile, quartz countertops, stainless steel appliances, a pantry, and in-unit laundry. Outside, enjoy stamped concrete, lush landscaping, and three large patio areas. Recent capital improvements include: New solar panel system (51x 365w panels), New main electrical panel, New roof, plumbing, and vinyl windows on front house. Each unit has laundry access: in-unit laundry in the SFR and unit A, and shared laundry in the garage for units B & C. Seven parking spaces total, including 2 garages. Located in the heart of Alamitos Beach with a Walk Score of 95, this property is steps away from Shoreline Village, Retro Row, Pine Avenue, and top local restaurants, bars, and shops. Please do not disturb tenants.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$79,504
|
$22.22
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $79,504 |
| Annual Per SF | $22.22 |
PROPERTY FACTS
| Price | $1,599,900 | Property Subtype | Apartment |
| Price Per Unit | $399,975 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.15% | Building Size | 3,578 SF |
| Gross Rent Multiplier | 13.71 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1982 |
| Zoning | Lbr1n - restricted Density Multiple Dwelling | ||
| Price | $1,599,900 |
| Price Per Unit | $399,975 |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| Gross Rent Multiplier | 13.71 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,578 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1982 |
| Zoning | Lbr1n - restricted Density Multiple Dwelling |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,500 | - |
| 2+1.5 | 1 | $2,700 | - |
| 2+1 | 1 | $2,000 | - |
| 1+1 | 1 | $1,525 | - |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 7275-016-021 | Improvements Assessment | $920,066 (2025) |
| Land Assessment | $541,216 (2025) | Total Assessment | $1,461,282 (2025) |
PROPERTY TAXES
Parcel Number
7275-016-021
Land Assessment
$541,216 (2025)
Improvements Assessment
$920,066 (2025)
Total Assessment
$1,461,282 (2025)
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1719 E Florida Street | 1719 E Florida St
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