NOT LISTED FOR SALE

Estimated Value: $1,451,000

10 Beds
6 Baths
4,250 Sq Ft
$341/Sq Ft Est. Value

Sale Details

Date Sold: May 11, 2026

Last sale price $1,350,000 $318 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,426 / mo

9 Days on Market

About This Home

As of May 2026

We are proud to present 1117-1125 Loma Avenue, nestled in the desirable Recreation Park neighborhood of Long Beach. This property consists of (4) 1-bedroom/1-bathroom single-story units in the front building, and in the back building, a spacious 4-bedroom/1-bathroom and a 2-bedroom/2-bathroom apartment. Additionally, the property boasts new electrical panels. 1117-1125 Loma Avenue offers the new owner a well-located property with substantial rental upside

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian Brokerage Email: pdg@morganskenderian.com License #01433769 Listed on: 02/18/2026

Last Buyer's Agent

NONE NONE

None MRML License #N/A

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,434

Year Built

  • Built in 1931

Lot Details

  • 6,367 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,250 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number 7259014018
  • $785 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,080
  • Fuel Expense $1,080
  • Gardener Expense $2,098
  • Insurance Expense $4,250
  • Maintenance Expense $9,542
  • Other Expense $2,500
  • Trash Expense $1,080
  • Water Sewer Expense $1,080
  • New Taxes Expense $17,218
  • Operating Expense $39,931
  • Gross Income $115,701
  • Net Operating Income $75,770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,434

Year Built

Built in 1931

Lot Details

6,367 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.85
  • Property Attached: Yes
  • Water Sewer Expenses: 1080.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2098.00
  • Parcel Number: 7259014018
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 317.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1080.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Street Lights, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6367.00
  • Lot Size Acres: 0.1462

Multi Family

  • Electric Expense: 1080.00
  • Fuel Expense: 1080.00
  • Gross Multiplier: 10.86
  • Gross Operating Income: 115701.00
  • Gross Scheduled Income: 119280.00
  • Insurance Expense: 4250.00
  • Lot Size Area: 6367.0000 Square Feet
  • Maintenance Expense: 9542.00
  • Net Operating Income: 75770.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 39931.00
  • Other Expense: 2500.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Actual Rent: 9940.00
  • Total Expenses: 39931.00

Tax Info

  • New Taxes Expense: 17218.00
  • Tax Lot: 42
  • Tax Annual Amount: 16434.00
  • TaxOtherAnnualAssessmentAmount: 785.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Recreation Park, CA

See All Agents

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
05/11/2026 05/11/26 Sold $1,350,000 +4.2% $318 / Sq Ft
02/27/2026 02/27/26 Pending -- -- --
02/18/2026 02/18/26 For Sale $1,295,000 -- $305 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26036833

California Regional Multiple Listing Service (CRMLS)

APN: 7259-014-018

Your Personal Tour Guide

Ask me questions while you tour the home.