920 Loma Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$2,500,000 USD
714-713-9086
920 Loma Ave, Long Beach, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/12
null | 4.72% Cap Rate

920 Loma Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • (6) two-bedroom/one-bath units, (1) two-bedroom/one-bath plus den, & (1) three-bedroom/ two-bath townhouse floor plans
  • (4) private garages, additional surface parking, and an on-site laundry facility
  • Immediate proximity to one of Long Beach’s most recognized high schools, Woodrow Wilson High School
  • Close to retail centers anchored by full-size grocers, restaurants, and neighborhood services
  • Minutes from golf, tennis, and expansive green space, providing tenants with unmatched access to outdoor activities
  • Well-connected neighborhood with enduring renter demand and easy access to greater Long Beach

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 920 Loma Avenue, an 8-unit multifamily investment property located in the desirable Eastside submarket of Long Beach, California. Constructed in 1964, the 7,597 rentable square foot property consists of six two-bedroom/one-bath units, one two-bedroom/one-bath unit with a den, and one three-bedroom/two-bath townhouse. The unit mix provides a range of living options that appeal to a broad tenant base, from individuals and roommates to families seeking additional space. Residents benefit from on-site amenities including four garages, additional surface parking, and a community laundry facility. 920 Loma Avenue is well positioned in a walkable residential pocket with convenient access to neighborhood amenities. The property sits just blocks from Woodrow Wilson High School and is within close proximity to multiple retail centers offering full-service grocers, dining, and daily services. In addition, tenants enjoy easy access to Recreation Park, one of Long Beach’s premier green spaces, featuring a golf course, tennis courts, and expansive open areas. This blend of residential charm, convenience, and recreational access makes the location especially attractive to long-term renters. The offering of 920 Loma Avenue presents investors with the opportunity to acquire a well-located, stabilized multifamily asset in one of Long Beach’s established rental markets, supported by consistent demand and proximity to employment, retail, and community amenities. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

8

PRICE/UNIT

$312,500

CAP RATE

4.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,747 SF

ZONING

R3S, Long Beach

APN/PARCEL ID

7254-014-007

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.