744 Loma Avenue

    Long Beach, CA 90804
    • $1,189,000
    • STATUS: Active Under Contract
    • ON SITE: 137 days
    • ID#: PW18130335
    Under Contract
    UPDATED: 58 min ago
    $1,189,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,868
      SQFT
    • $307
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    Price Reduction 9/20/18. Great for owner occupied or an investor. Ideal location within a short drive to downtown Long Beach, Cal State LB, 2nd St. shops and restaurants, and Beach. Statewide Property with 3 Bdrm. / 2 Bath in the front that is ideal for owner occupied or renting for top rents. This unit has Central A/C and Forced Air Heat plus inside Laundry. Other units have Wall A/C. Each unit has individual water heaters and separate electric meters. Property has gated courtyard area and laundry room for tenant enjoyment and convenience. Garage parking for 5 cars with automatic garage doors. Block walls on either side of property. Rents shown are Market Rate achievable with updating of units.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T16:31:17.563. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84184062

    744 Loma Avenue Long Beach, CA 90804

    • Price: $1,189,000
    • Status: Active Under Contract
    • Updated: 58 min ago
    • ID#: PW18130335
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,868
    SQFT
    $307
    $/SQFT
    1968
    Built
    Neighborhood:
    Belmont Heights (Bh)
    County:
    Los Angeles
    Area:
    2 - Belmont Heights, Alamitos Heights
    Property Description
    Price Reduction 9/20/18. Great for owner occupied or an investor. Ideal location within a short drive to downtown Long Beach, Cal State LB, 2nd St. shops and restaurants, and Beach. Statewide Property with 3 Bdrm. / 2 Bath in the front that is ideal for owner occupied or renting for top rents. This unit has Central A/C and Forced Air Heat plus inside Laundry. Other units have Wall A/C. Each unit has individual water heaters and separate electric meters. Property has gated courtyard area and laundry room for tenant enjoyment and convenience. Garage parking for 5 cars with automatic garage doors. Block walls on either side of property. Rents shown are Market Rate achievable with updating of units.
    Exterior Features

    Garage Spaces 5.00 Lot Features LandscapedLawn Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling CentralWall Window Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Forced Air Heating YN Yes Laundry Features CommunityElectric Dryer Hookup

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.40 Community Features CurbsGuttersSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 800.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 72000.00 Gross Multiplier 11.70 Gross Operating Income 99396.00 Gross Scheduled Income 101700.00 Have Statewide 4 Units in Great Location Insurance Expense 1400.00 Land Lease YN No Laundry YN Yes Licenses Expense 350.00 Maintenance Expense 1500.00 Net Operating Income 75588.00 New Taxes Expense 13079.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 2 Number Wall AC 3 Operating Expense 23808.00 Other Expense 1200.00 Other Expense Description Cap impr Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Belmont Heights (Bh) Supplies Expense 450.00 Total Actual Rent 6300.00 Total Expenses 23679.00 Trash Expense 400.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 3000.00 Water Source Public Zoning Lbr3s

    Listing provided courtesy of Richard Bell of Bell Realty Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T16:31:17.563. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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