$2,150,000
$2,250,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
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
Sold Date 03/12/24
HOA Y/N No
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
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Sidewalks
Total Parking Spaces 10
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7254013003
Energy Description 1477.5
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Robert Stepp • Keller Williams - Santa Monica
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CEO | DRE# SA695240000 | DRE# 02100184