1719 E Florida St, Long Beach, CA 90802

Description

Prime Alamitos Beach Fourplex! 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. Three of the four units are currently occupied, with one 2 bed / 1 bath unit currently vacant and projected to achieve approximately $2,500 per month in rent. The average in-place rent for the occupied units is $2,556, with approximately 7% rental upside across the property. The owner has made many substantial capital improvements including newly installed solar panels (51 total panels 365 total watt) and a replaced main e...