Long Beach, CA 90804,1024 Loma AVE
Long Beach, CA 90804,1024 Loma AVE
Long Beach, CA 90804,1024 Loma AVE
$2,150,000
Est. payment /mo
Est.Price: ?

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8,703 Sqft Lot
SOLD DATE : 03/12/2024

Key Details

Sold Price $2,150,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW23222006

Year Built 1953

Lot Size 8,703 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR4R

Interior

Laundry Inside

Exterior

Pool None

Community Features Sidewalks

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916
Bought with Robert Stepp • Keller Williams - Santa Monica

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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