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1719 E Florida St 4 Unit Apartment Building $1,524,000 ($381,000/Unit) 5.84% Cap Rate Long Beach, CA 90802
Investment Highlights
- The property is located in Alamitos Beach
- Minutes from numerous restaurants, shops, and amenities along Retro Row.
Executive Summary
1719 E Florida St consists of a front SFR (built 1920)
and a 3 -unit building (built 1982) located in the back. The property is composed of (1) 3 bed + 2
bath, (1) 2 bed + 1.5 bath, (1) 2 bed + 1 bath, and (1) studio unit.
and a 3 -unit building (built 1982) located in the back. The property is composed of (1) 3 bed + 2
bath, (1) 2 bed + 1.5 bath, (1) 2 bed + 1 bath, and (1) studio unit.
Property Facts
| Price | $1,524,000 | Property Subtype | Apartment |
| Price Per Unit | $381,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.84% | Building Size | 3,578 SF |
| Gross Rent Multiplier | 12.42 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1982 |
| Zoning | Lbr1n - restricted Density Multiple Dwelling | ||
| Price | $1,524,000 |
| Price Per Unit | $381,000 |
| Sale Type | Investment |
| Cap Rate | 5.84% |
| Gross Rent Multiplier | 12.42 |
| 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 |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 2+1.5 | 1 | - | - |
| 3+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (93)
Property Taxes
| Parcel Number | 7275-016-021 | Improvements Assessment | $920,066 |
| Land Assessment | $541,216 | Total Assessment | $1,461,282 |
Property Taxes
Parcel Number
7275-016-021
Land Assessment
$541,216
Improvements Assessment
$920,066
Total Assessment
$1,461,282
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1719 E Florida St
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