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$7,800,000
39 Days Online

1346 ,1400-10 E. Florida St.
Long Beach, CA 90630

For Sale|Multi-Family|Active
Subdivision:
Alamitos Heights (Ah)
County:
Los Angeles
Listing Courtesy of Gary Tolfa with Triqor Group

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

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Is this the home for you? We can help make it yours.
562-355-2430
1346 ,1400-10 E. Florida St.1346 ,1400-10 E. Florida St.1346 ,1400-10 E. Florida St.1346 ,1400-10 E. Florida St.
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Pleased to present the rare opportunity to acquire the Florida Street Properties (1346, 1400, 1410 E. Florida St.) in one of Long Beach’s premier neighborhoods of Alamitos Beach. The three buildings, built in 1949, 1959, and 1930 respectively, are all next to each other on the same street which make it easy to maintain and upkeep. The Florida Street Properties are located in the desirable city of Long Beach and is in a mile radius of famous Long Beach attractions such as Alamitos Beach, Belmont Shore, Belmont Heights, the Long Beach Waterfront, Long Beach Convention & Entertainment Center, Queen Mary, 4th Street Retro Row, and much more attractions. This investment opportunity offers an astute investor the ability to purchase well-run apartment buildings with large units and value-add potential. After touring the property, a buyer will recognize the upside in growing rents by taking the interior upgrades to the next level with the addition of modern vinyl wood floors, high baseboards and modernized kitchen countertops and appliances. The property offers garage parking, washers & dryers that are owned, individual electric meters, wall heaters, gas cooking range, and large walk-in closets. With current rent levels significantly below other comparable units in Alamitos Beach, moving rents to market allows the opportunity to increase the capitalization rate of the property to a 5.2% cap rate.

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Listing Snapshot
Price 
$7,800,000
Days Online 
39 Days
Bedrooms 
N/A
Inside Area (SqFt) 
17,847 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.48 Acres
Year Built 
1959
MLS Number 
PW21233466
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
PublicRecords
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
a month agoListing first seen online
General Features
Parking Spaces 
13
Sewer 
Septic Tank
Acreage 
0.48
Water 
Public
Attached Garage 
No
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
Fireplace 
No
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Exterior Features
Spa 
No
Pool Features 
None
Waterfront Property 
No
Lot 
Street Level
Community Features
Community Features 
Street LightsSidewalksUrbanWater Sports
MLS Area 
2 - Belmont Heights, Alamitos Heights


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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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