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Listed by Mark Lima • Lima Real Estate Group
$ 2,050,000
Est. payment /mo
Active
1675 Loma Avenue Long Beach, CA 90804
7,208 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 7,208 sqft
Price per Sqft $284
MLS Listing ID OC-25184469
Year Built 1976
Lot Size 8,346 Sqft
Property Sub-Type Commercial/Residential
Property Description
This is a great opportunity to own a 7 unit apartment building with a tremendous amount of upside. 1675 Loma Avenue features 7,208 Square Feet of living space split among 7 units, with a front unit that is a 3 Bedroom/2 Bathroom, and six units that are 2 Bedroom/2 Bathroom. The building features enclosed private garages that park 8 cars, as well as an additional parking spot at the end of the building. All units are individually metered for gas and electric, In terms of location, it doesn't get any better than this. The area has strong rental demand from perspective tenants, and the property is centrally located just south of PCH in East Long Beach, and conveniently close to schools, parks, shopping, dining, entertainment, downtown Long Beach, Long Beach City College, Cal State Long Beach University, major transit, and so much more. This is a great opportunity to buy a a great investment property with a tremendous amount of upside for adding value, maximizing income, and creating substantial equity.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR4R
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 8.0
Pool None
Community Features Sidewalks, Street Lights
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944