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.
Sold for $2,150,000
Listed by: Keller Williams - Santa Monica • Robert Stepp • Contact: 310-774-3740
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
$2,267,600 Zestimate®
$505/sqft
$2,997 Estimated rent
Home value
$2,267,600
$2.04M - $2.56M
$2,997/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed 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#: PW23222006
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & 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 Square Feet
- 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 & HOA
Community
- Features: Sidewalks
- Subdivision: Eastside (Es)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $505/sqft
- Date on market: 12/7/2023
- Cumulative days on market: 85 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2024 | Sold | $2,150,000$505/sqft |
Source:  CRMLS #PW23222006 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: East Side
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Nearby schools
GreatSchools rating
- 3/10Willard Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Jefferson Leadership Academies SchoolGrades: 6-8Distance: 0.2 mi
- 6/10Wilson High SchoolGrades: 9-12Distance: 0.5 mi
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Estimated market value
$2,267,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,267,600
- California
- Los Angeles County
- Long Beach
- 90804
- East Side
- 1024 Loma Ave
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