1751 Loma Avenue Long Beach, CA 90804

237006859 33.78889 -118.15054 124 /listing/237006859-150162921/1751-loma-avenue-long-beach-ca-90804 False 0 7400000.0 105 PW19086545 False
$7,400,000
  • 16,685 lot
  • Est payment $39724.8/mo

Property & Neighborhood Info

Courtesy Of Robert Stepp, Keller Williams Pacific Estate

Multi-Family in Long Beach

The Loma View Apartments, located at 1751 Loma Avenue, is a 24-unit value-add asset in the Eastside/Traffic Circle area, a central, accessible and highly-sought-after rental location in Long Beach. The balcony-style building offers a mix of sizable (4) three-bedroom/two-bathroom, (10) two-bedroom/two- bathroom, (8) two-bedroom/one-bathroom and (2) one-bedroom/one-bathroom units with on-site laundry, ample parking and a community swimming pool. Located in a convenient and accessible location with a changing demographic. This demographic is looking for higher-end amenities found in the brand new buildings in Downtown Long Beach and near the shoreline, but with the accessibility of the Traffic Circle location and its close proximity to major thoroughfares leading to nearby employment opportunities and retail amenities for daily errands and living needs. This is an excellent repositioning opportunity to capture a more affluent demographic. The existing pool area and central courtyard area provides an excellent opportunity for repositioning to appeal to this more affluent demographic coming into the area. In addition to the community areas, one unit has been fully renovated to demonstrate the potential for upgrading all units to capitalize on the area's increasing market rents. The Loma View Apartments offers investors a rare opportunity to own a value-add asset with 20%+/- rental upside potential in a rapidly developing and central submarket.

Courtesy Of Robert Stepp, Keller Williams Pacific Estate
  1. 16,685 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1964
  • Garage: 25.0
  • County: Los Angeles
  • Units: 24
  • Zoning: LBR4R
  • Subdivision: Circle (Ca)
  • MLS Number:PW19086545

Additional Features

  • Interior Features:
    • Ceiling Fan(s)
  • Rooms:
    • Walk-In Closet
  • Laundry:
    • Community
  • Common Walls:
    • 2+ common walls
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 21-25 Units/Acre
  • Pool Features:
    • Community
  • Parking:
    • Garage
    • Parking Space
    • Subterranean
  • Parking Spaces:
    • 25.00
  • Sewer:
    • Public Sewer
  • Security Features:
    • Gated Community
  • Community Features:
    • Sidewalks
    • Street Lights
    • Urban
  • Number of Buildings:
    • 1
  • Gross Income:
    • 487863.00
  • Net Operating Income:
    • 318280.00
  • CDOM:
    • 93
  • Special Conditions:
    • Standard
  • Fuel Exp:
    • 3600.00
  • Insurance Expense:
    • 8802.00
  • Lot Size Acres:
    • 0.3830
  • Lot Size Area:
    • 16685.0000
  • Lot Size Square Feet:
    • 16685.00
  • Maintenance Exp:
    • 9000.00
  • Operating Expense:
    • 169583.00
  • Price Per SQFT:
    • 336.27
  • Tax ID:
    • 7259003013
  • Total Expenses:
    • 169583.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Jeffrey Hallin
Jeffrey Hallin
Associate
(949) 371-9802
Request More Info

1751 Loma Avenue Long Beach, CA 90804

237006859 33.78889 -118.15054 124 /listing/237006859-150162921/1751-loma-avenue-long-beach-ca-90804 False 0 7400000.0 105 PW19086545 False
  • $7,400,000
  • 16,685 lot
  • Est payment $39724.8/mo