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766 Loma Ave
Long Beach, CA 90804
Le Bordeaux · Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Building Size | 7,122 SF |
| Property Type | Multifamily | Average Occupancy | 30% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2017 |
| Building Class | C | Parking Ratio | 0.7/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | RR3T, Long Beach | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,122 SF |
| Average Occupancy | 30% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2017 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | RR3T, Long Beach |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Double Pane Windows
- Window Coverings
Site Amenities
- Laundry Facilities
About 766 LOMA AVE , LONG BEACH, CA 90804
Opportunity to acquire a beautifully renovated 9 unit building. This turn key asset will have all new tenants. New gourmet kitchens, stylish baths, windows, window coverings, flooring, and decorative lighting. Edge of Belmont Heights. Short drive to Downtown, 2nd street, Cal State Long Beach and the Beach. 7 large 2 bed., 1 bath and 2 large 1 bed., 1 bath. 5 garages. Laundry room. Separate electric meters for each unit. Built in 1963 all electric building. Annual gross income of $207,180 does not include the rent for the garages and the laundry. Cap rate of 4.75 with gross multiplier of about 15 for a building of this quality with practically everything new is hard to find.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,650 | - |
| 2+1 | 7 | $1,995 | - |
Property Taxes
| Parcel Number | 7254-023-010 | Improvements Assessment | $1,509,992 |
| Land Assessment | $2,164,864 | Total Assessment | $3,674,856 |
Property Taxes
Parcel Number
7254-023-010
Land Assessment
$2,164,864
Improvements Assessment
$1,509,992
Total Assessment
$3,674,856
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