Linda Ojeda
Luxury Collective
(424) 372-0165
111 Total Sales
1 in Recreation Park
$745,000 Price
1024 Loma Ave Long Beach, CA 90804
Recreation Park Neighborhood
5
Beds
4
Baths
4,258
Sq Ft
8,705
Sq Ft Lot
Highlights
- 0.2 Acre Lot
- Wilson High School Rated A
- 1-Story Property
About This Home
As of March 20241024 Loma Avenue is an 8-unit apartment asset located in prime Eastside Long Beach, California offered at 11.95 GRM and 5.50% cap rate on current rents. The property is comprised of (1) 2BD / 2BA unit, (1) 2BD / 1BA unit, and (6) 1BD / 1BA units. There is ample parking of ten (10) surface spaces. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in- unit washers and dryers. The property is located in a prime Eastside neighborhood with a 91 Walk Score.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 12/07/2023
Last Buyer's Agent
Keller Williams Realty Downey License #01456379 Listed on: 12/07/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 8,705 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 4,258 Sq Ft Home
- 1-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 5770
- Assessor Parcel Number 7254013003
- $1,463 per year additional tax assessments
Community Details
Overview
- 8 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,478
- Fuel Expense $1,478
- Gardener Expense $1,200
- Insurance Expense $4,500
- Maintenance Expense $5,600
- Other Expense $2,400
- Pest Control $900
- Professional Management Expense $9,132
- Trash Expense $1,478
- Water Sewer Expense $1,478
- New Taxes Expense $28,275
- Operating Expense $58,817
- Gross Income $182,632
- Net Operating Income $123,815
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 7, 2023
Closed on
Jan 31, 2024
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$2,250,000
Sold Price
$2,150,000
Premium/Discount to List
-$100,000
-4.44%
Views
52
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,210,000
Outstanding Balance
$1,176,921
Interest Rate
6.69%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 14, 2017
Sold by
Bought by
Purchase Details
Closed on
Jul 1, 2006
Sold by
Bought by
Purchase Details
Closed on
Oct 6, 2003
Sold by
Bought by
Purchase Details
Closed on
Aug 1, 2003
Sold by
Bought by
Purchase Details
Closed on
May 6, 1999
Sold by
Bought by
Purchase Details
Closed on
Feb 28, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Recreation Park, CA
-
Linda Ojeda
-
Mike Dunfee
Mike Dunfee
Dunfee Real Estate Services
(424) 358-3624
126 Total Sales
1 in Recreation Park
$1,900,000 Price
-
Bill Caiazzo
Bill Caiazzo
Responds QuicklyHomeSmart, Evergreen Realty
(657) 255-8637
111 Total Sales
1 in Recreation Park
$520,000 Price
-
Edward Renteria
Edward Renteria
Serhant California, Inc.
(669) 800-1168
25 Total Sales
1 in Recreation Park
$380,000 Price
-
Dennis Maynard
Dennis Maynard
LPT Realty, Inc
(424) 421-1811
9 Total Sales
1 in Recreation Park
$460,000 Price
-
Lori Alvarez
Lori Alvarez
REAL ESTATE RESOLVED
(909) 317-3786
189 Total Sales
2 in Recreation Park
$740,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,150,000 | Chicago Title Company | ||
| $1,480,000 | Stewart Title Guaranty Co | ||
| -- | None Available | ||
| -- | -- | ||
| -- | Natc | ||
| -- | Natc | ||
| $860,000 | Natc | ||
| $250,000 | Equity Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,210,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2024 03/12/24 | Sold | $2,150,000 | -4.4% | $505 / Sq Ft |
| 03/01/2024 03/01/24 | Pending | -- | -- | -- |
| 12/07/2023 12/07/23 | For Sale | $2,250,000 | -- | $528 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $29,483 | $2,193,000 | $1,428,000 | $765,000 |
| 2024 | $22,030 | $1,650,964 | $1,160,137 | $490,827 |
| 2023 | $21,651 | $1,618,593 | $1,137,390 | $481,203 |
| 2022 | $20,333 | $1,586,857 | $1,115,089 | $471,768 |
| 2021 | $19,918 | $1,555,743 | $1,093,225 | $462,518 |
| 2019 | $19,634 | $1,509,600 | $1,060,800 | $448,800 |
| 2018 | $19,044 | $1,480,000 | $1,040,000 | $440,000 |
| 2016 | $10,250 | $792,683 | $480,415 | $312,268 |
| 2015 | $9,854 | $780,777 | $473,199 | $307,578 |
| 2014 | $9,821 | $765,483 | $463,930 | $301,553 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
80 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23222006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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