Courtesy of CMC Realty & Lending, Charles Chang. IDX Contact: 562-843-8284

1529 E Florida Street Long Beach, CA 90802
$1,595,000
beds
0 baths
sq ft

Contact Us to Learn More

David Oronoz

David Oronoz

Principal | Multifamily Investments

DRE# 01838862

Bobby Aschtiani

Bobby Aschtiani

Principal | Multifamily Investments

DRE# 02048373

Chris Pettit

Chris Pettit

Founder

DRE# 01983950

Property Description

This Spanish style 4 plex is minutes to the Ocean and 10 minutes to Downtown and/or Belmont Shore. Each of the 1 bedroom 1 bath units is over 900+ sq ft so they rent very fast. The bottom two units have a small private yard with a doggy door and the two upstairs units share a balcony. There is a common laundry facility on the 2nd floor between units 3 & 4. Each of the 4 units have been remodeled with an open concept kitchen, granite or quartz countertop peninsula, new and/or refinished kitchen cabinets, vinyl plank flooring and/or refinished oak wood floors, new bath/tile/vanity and new stainless steel appliances to inlclude stove, dishwasher, microwave and garbage disposal.

Property Details & Features

Property Type

  • Residential Income

Year Built

  • 1923

House

  • Built in 1923
  • 3600 total building sqft
  • 1 Common Wall

Community

  • Curbs
  • Gutter(s)
  • Storm Drain(s)
  • Street Lights
  • Sidewalks

Expenses

  • Electric Expense: $360
  • Insurance Expense: $1,023
  • Operating Expense: $22,813
  • Water Sewer Expense: $1,100

Income

  • Gross Income: 91560
  • Gross Scheduled Income: 91560
  • Net Operating Income: 64169

Laundry

  • Common Area

Listing

  • Listed on 2021-10-12

Location

  • County: Los Angeles
  • Subdivision: Other (OTHR)

Lot

  • 3002 sqft
  • 0.07 acres
  • Area: 3002

Property

  • Single building
  • 4 units
  • Property attached

Sewer

  • Public Sewer

Tenant Pays

  • Cable TV
  • Electricity
  • Gas
  • Trash Collection

Utilities

  • 5 separate electric meters
  • 5 separate gas meters
  • Overhead Utilities

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