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1117-1125 Loma Ave 6 Unit Apartment Building $1,295,000 ($215,833/Unit) 5.85% Cap Rate Long Beach, CA 90804
Investment Highlights
- Value-Add Opportunity with Substantial Upside in Rents
- Strong Rental Location Near Recreation Park, Long Beach State and Wilson High School
- Nearby Retail Amenities Include Starbucks, Sprouts & LA Fitness
- New Electrical Panels
- Desirable Mix of Spacious 1, 2 & 4-BR Units
- Long-Term Ownership - Motivated Sellers
Executive Summary
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$119,280
|
$28.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,578
|
$0.84
|
| Effective Gross Income |
$115,702
|
$27.22
|
| Taxes |
$17,218
|
$4.05
|
| Operating Expenses |
$22,713
|
$5.34
|
| Total Expenses |
$39,931
|
$9.40
|
| Net Operating Income |
$75,771
|
$17.83
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $119,280 |
| Annual Per SF | $28.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,578 |
| Annual Per SF | $0.84 |
| Effective Gross Income | |
|---|---|
| Annual | $115,702 |
| Annual Per SF | $27.22 |
| Taxes | |
|---|---|
| Annual | $17,218 |
| Annual Per SF | $4.05 |
| Operating Expenses | |
|---|---|
| Annual | $22,713 |
| Annual Per SF | $5.34 |
| Total Expenses | |
|---|---|
| Annual | $39,931 |
| Annual Per SF | $9.40 |
| Net Operating Income | |
|---|---|
| Annual | $75,771 |
| Annual Per SF | $17.83 |
Property Facts In Escrow
| Price | $1,295,000 | Apartment Style | Low-Rise |
| Price Per Unit | $215,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.85% | Building Size | 4,250 SF |
| Gross Rent Multiplier | 10.86 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment |
| Price | $1,295,000 |
| Price Per Unit | $215,833 |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| Gross Rent Multiplier | 10.86 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,250 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1931 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,503 | - |
| 2+2 | 1 | $1,750 | - |
| 4+1 | 1 | $2,150 | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7259-014-018 | Total Assessment | $361,622 |
| Land Assessment | $210,949 | Annual Taxes | $17,218 ($4.05/SF) |
| Improvements Assessment | $150,673 | Tax Year | 2025 |
Property Taxes
Parcel Number
7259-014-018
Land Assessment
$210,949
Improvements Assessment
$150,673
Total Assessment
$361,622
Annual Taxes
$17,218 ($4.05/SF)
Tax Year
2025
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1117-1125 Loma Ave
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