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1751 Loma Ave
Long Beach, CA 90804
Loma View Apartments · Multifamily Property For Sale
·
24 Units
Property Facts
| No. Units | 24 | Lot Size | 0.38 AC |
| Property Type | Multifamily | Building Size | 22,006 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Zoning | LBR4R | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 22,006 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | LBR4R |
Amenities
Unit Amenities
- Double Vanities
- Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Range
- Walk-In Closets
Site Amenities
- Controlled Access
- Laundry Facilities
About 1751 LOMA AVE , LONG BEACH, CA 90804
The Loma View Apartments, located at 1751 Loma Avenue, is a 24-unit value-add asset in the Eastside/Traffic Circle area, a central, accessible and highly-sought-after rental location in Long Beach. The balcony-style building offers a mix of sizable (4) three-bedroom/two-bathroom, (10) two-bedroom/two- bathroom, (8) two-bedroom/one-bathroom and (2) one-bedroom/one-bathroom units with on-site laundry, ample parking and a community swimming pool. Located in a convenient and accessible location with a changing demographic. This demographic is looking for higher-end amenities found in the brand new buildings in Downtown Long Beach and near the shoreline, but with the accessibility of the Traffic Circle location and its close proximity to major thoroughfares leading to nearby employment opportunities and retail amenities for daily errands and living needs. This is an excellent repositioning opportunity to capture a more affluent demographic. The existing pool area and central courtyard area provides an excellent opportunity for repositioning to appeal to this more affluent demographic coming into the area. In addition to the community areas, one unit has been fully renovated to demonstrate the potential for upgrading all units to capitalize on the area's increasing market rents. The Loma View Apartments offers investors a rare opportunity to own a value-add asset with 20%+/- rental upside potential in a rapidly developing and central submarket.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,350 | 725 |
| 2+1 | 11 | $1,695 | 825 |
| 2+2 | 7 | $1,806 | 875 |
| 3+2 | 4 | $2,050 | 1,339 |
Property Taxes
| Parcel Number | 7259-003-013 | Improvements Assessment | $1,704,664 |
| Land Assessment | $3,977,558 | Total Assessment | $5,682,222 |
Property Taxes
