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$ 1,500,000
Est. payment | /mo
5 Beds
6,760 Sqft Lot
$ 1,500,000
Est. payment | /mo
5 Beds
6,760 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW25230166
Bedrooms 5
Lot Size 6,760 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 844 Loma Avenue, a rare investment opportunity located in the desirable Eastside Circle Area of Long Beach. This residential income property offers three units across a spacious 3,048 square feet of living area on a generous 6,760 square foot lot. The private parking lot in the rear of building can hold 6 vehicles. Built in 1988, the building combines modern construction with strong rental appeal, making it an excellent choice for both seasoned investors and those looking to expand their portfolio. The property features one three-bedroom, one-bath unit and two one-bedroom units. Each unit is individually metered for gas and electricity, giving tenants responsibility for their own utilities while reducing operating expenses for the owner. Current rental income provides steady cash flow with upside potential in this high-demand area. Interior highlights include a spacious floor plan, a large living room with fireplace, and laundry hookups inside each unit for tenant convenience. The 3 brm unit is 1,500 square feet and includes a family room with fireplace, while the 1 brm units average 750 square feet, offering comfortable living spaces for a variety of tenant needs. The property has been thoughtfully designed to maximize privacy, with no shared common walls and ample separation between units. The exterior of the building is situated on a quiet residential street lined with sidewalks and mature trees, yet it remains close to major transportation routes, shopping, schools, and recreation. Tenants enjoy the convenience of being near public transit, as well as the wal
Location
State CA
County Los Angeles
Zoning Assessor
Direction In on Loma off of 10th
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7254014010
Listed by Richard Daskam eXp Realty of California Inc
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Martina McKinney
REALTOR® | Lic# 02053849