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Sold for $2,150,000 on 03/12/24
  • Listing Provided by: 

    Robert Stepp DRE #01456379 310-463-2916,

    Keller Williams - Santa Monica

    Bought with: Keller Williams - Santa Monica
    $2,150,000

    1024 Loma Ave, Long Beach, CA 90804

    10beds
    9baths
    4,258sqft
    Mixed Use
    Built in 1953
    -- sqft lot
    $2,182,600 Zestimate®
    $505/sqft
    $-- Estimated rent

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    What's special

    1024 Loma Avenue is an 8-unit apartment asset located in prime Eastside Long Beach, California offered at 11.95 GRM and 5.50% cap rate on current rents. The property is comprised of (1) 2BD / 2BA unit, (1) 2BD / 1BA unit, and (6) 1BD / 1BA units. There is ample parking of ten (10) surface spaces. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in- unit washers and dryers. The property is located in a prime Eastside neighborhood with a 91 Walk Score.

    Zillow last checked: 8 hours ago

    Listing updated: March 12, 2024 at 02:07pm

    Listing Provided by:

    Robert Stepp DRE #01456379 310-463-2916,

    Keller Williams - Santa Monica

    Bought with:

    Robert Stepp, DRE #01456379

    Keller Williams - Santa Monica

    Source: CRMLS,MLS#: PW23222006MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 9
    Appliances
    • Laundry: Inside
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,258
    • Total interior livable area: 4,258 sqft

    Property

    Parking
    • Total spaces: 10
    • Uncovered spaces: 10
    Features
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 8,705 sqft
    • Features: 6-10 Units/Acre
    Details
    • Parcel number: 7254013003
    • Zoning: LBR4R
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1953

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Long Beach
    • Subdivision: Eastside (Es)

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
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    Estimated market value
    $2,182,600