2040 E Florida St, Long Beach, CA 90814 is For Sale

2040 E Florida St, Long Beach, CA 90814

11 beds10 baths5,362 sqft

For Sale
$1,550,000
Price cut: -$50,000 (8/22)
Zestimate®: $750,869
Est. Mortgage
/mo

Estimated Monthly Payment

Please enter a dollar amount between $0 and $200,000,000

()

Please enter a percent between 0% and 100%

30 Year Fixed:
/mo
15 Year Fixed:
/mo
5/1 ARM:
/mo
Estimated taxes & insurance of are not included.
See current rates On

A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

If your home facts are wrong this will cause an incorrect Zestimate, click here to update them.

My Notes

Edit
For Further Income/Expense Information, Please Call Listing Agent: Julie R. Hughes 562-977-USC1.... Amazing location - Alamitos Beach/Carroll Park! 1972 construction building with no deferred maintenance. Perfect unit mix: 1 - 3 bedroom/2 bath, 1- 2 bedroom/2 bath, 6 - 1 bedroom/1 bath. Building runs smoothly w/long term tenants. Vacancies are rare. DEFINITE Upside in Rents - no rent control in Long Beach! Separately metered for gas / electric and units have individual hot water heaters (to keep expenses low). 4 garages and 8 parking spaces. Laundry room w/ seller's own machines. This building would be perfect to add to your investment portfolio! Income Actual, Expenses are Estimated. Proforma info: Market rent on 1 Bedrooms = $1095. Market rent on 2 Bedroom/ 2 Bath = $1350. Market rent on 3 Bedroom/ 2 Bath = $1500. Proforma rent = $9745/mo - $116,940/yr. Proforma Cap = 5.66% - GRM = 13.25.  More Less 

Facts

  • Multi Family
  • Built in 1972
  • 194 days on Zillow
  • Heating: Other
  • Price/sqft: $289
  • MLS #: PW14072439

Features

  • Flooring: Carpet
  • Parking: 12 spaces

    Construction

    • Roof type: Other
    • # Stories: 2.0
    • Structure type: Other
    • Unit count: 8

    Other

    • Floor size: 5,362 sqft
    • Zillow Home ID: 2107655242

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

    Don't agree with your home's Zestimate? Owners can edit their home facts to make the Zestimate more accurate. Plus, you can leave an opinion on your Zestimate value below. Just click "Owner Estimate".
    $750,869
    +$161,989 Last 30 days
    $676K
    $841K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $1,766/mo
    +$296 Last 30 days
    $1.1K
    $2.7K
    Zestimate range

    Popularity on Zillow

    622 views since listing
    1 all-time (chart)
     

    Home Expenses

    Internet, phone and TV
    Home security
    Furniture

    Neighborhood

    Market guide

    Zillow predicts Alamitos Beach home values will increase 4.1% next year, compared to a 5.5% increase for Long Beach as a whole. Among Alamitos Beach homes, this home is 380.5% more expensive than the midpoint (median) home, but is priced 23.1% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Alamitos Beach, the number of foreclosures waiting to be sold is 34.4% greater than in Long Beach, and 130.5% greater than the national average. This higher local number may prevent Alamitos Beach home values from rising as quickly as other regions in Long Beach.

    Learn more about forecast calculations or Alamitos Beach home values.
      More Less 
     

      For Sale

      See all nearby listings

      Rentals

      See all nearby rentals

      Nearby Schools in Long Beach

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org