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$ 2,050,000
Est. payment | /mo
7,208 SqFt
$ 2,050,000
Est. payment | /mo
7,208 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,208 sqft
Price per Sqft $284
MLS Listing ID CROC25184469
HOA Y/N No
Year Built 1976
Lot Size 8,346 Sqft
Acres 0.19
Property Sub-Type Other
Property Description
This is a great opportunity to own a 7 unit apartment building with a tremendous amount of upside. 1675 Loma Avenue features 7,208 Square Feet of living space split among 7 units, with a front unit that is a 3 Bedroom/2 Bathroom, and six units that are 2 Bedroom/2 Bathroom. The building features enclosed private garages that park 8 cars, as well as an additional parking spot at the end of the building. All units are individually metered for gas and electric, In terms of location, it doesn't get any better than this. The area has strong rental demand from perspective tenants, and the property is centrally located just south of PCH in East Long Beach, and conveniently close to schools, parks, shopping, dining, entertainment, downtown Long Beach, Long Beach City College, Cal State Long Beach University, major transit, and so much more. This is a great opportunity to buy a a great investment property with a tremendous amount of upside for adding value, maximizing income, and creating substantial equity.
Location
State CA
County Los Angeles
Zoning LBR4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Building
Lot Description Other
New Construction No
Others
Tax ID 7259003034

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Listed by Mark Lima • Lima Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "