$1,295,000 USD
949-630-0592
1117-1125 Loma Ave
Long Beach, CA 90804
Eastside Long Beach
HIGHLIGHTS
- Value-Add Opportunity with Substantial Upside in Rents
- New Electrical Panels
- Strong Rental Location Near Recreation Park, Long Beach State and Wilson High School
- Desirable Mix of Spacious 1, 2 & 4-BR Units
- Nearby Retail Amenities Include Starbucks, Sprouts & LA Fitness
- Long-Term Ownership - Motivated Sellers
OVERVIEW
Morgan Skenderian Investment Real Estate Group proudly presents 1117-1125 Loma Avenue, nestled in the desirable Recreation Park neighborhood of Long Beach. This property consists of (4) 1-bedroom/1-bathroom single-story units in the front building, and in the back building, a spacious 4-bedroom/1-bathroom and a 2-bedroom/2-bathroom apartment. Additionally, the property boasts new electrical panels. 1117-1125 Loma Avenue offers the new owner a well-located property with substantial rental upside.
FOR SALE DETAILS
PRICE
$1,295,000 USD
PRICE/SF
$305 USD /SF
# OF UNITS
6
PRICE/UNIT
$215,833
CAP RATE
5.85%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1931
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.15 AC
LAND SF
6,367 SF
ZONING
-
APN/PARCEL ID
7259-014-018
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949-630-0592
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949-630-0592
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