NOT LISTED FOR SALE

1685 Loma Ave Unit 1-7 Long Beach, CA 90804

Bryant Neighborhood
9 Beds
7 Baths
7,208 Sq Ft
8,352 Sq Ft Lot

Last Sold August 31, 2020

Last sale price $2,350,000 $326 Per Sq Ft

14 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Landscaped

About This Home

As of August 2020

This property has exceptionally large units in the next emerging neighborhood in Long Beach. New construction has reshaped the neighborhood with high-end residential and retail, and the 2020 re-opening of Community Hospital will further drive demand for housing in the neighborhood. Rental collections have been 100% during the COVID-19 crisis.

Last Agent to Sell the Property

Justin White

Justin White License #01267826 Listed on: 06/12/2020

Last Buyer's Agent

Justin White

Justin White License #01267826 Listed on: 06/12/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 8,352 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 14 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 7,208 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 25784
  • Assessor Parcel Number 7259003033

Community Details

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Electric Expense $550
  • Fuel Expense $1,735
  • Gardener Expense $2,400
  • Insurance Expense $2,523
  • Maintenance Expense $4,900
  • Other Expense $1,500
  • Pest Control $947
  • Professional Management Expense $7,845
  • Supplies Expense $2,100
  • Water Sewer Expense $3,172
  • New Taxes Expense $28,434
  • Operating Expense $56,106
  • Gross Income $1,200
  • Net Operating Income $96,087

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Parking

14

Listing Details

  • CapRate: 4.09
  • Professional Management Expense: 7845.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Eastside (ES)
  • Supplies Expense: 2100.00
  • Water Sewer Expenses: 3172.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 7259003033
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 326.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 947.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 8352.00
  • Lot Size Acres: 0.1917

Multi Family

  • Electric Expense: 550.00
  • Fuel Expense: 1735.00
  • Gross Income: 1200.00
  • Gross Operating Income: 152193.00
  • Gross Scheduled Income: 156900.00
  • Insurance Expense: 2523.00
  • Laundry Income: 1200.00
  • Lot Size Area: 8352.0000 Square Feet
  • Maintenance Expense: 4900.00
  • Net Operating Income: 96087.00
  • Number Of Rented Garages: 7
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 56106.00
  • Operating Expense Percent: 36.00
  • Other Expense: 1500.00
  • Other Expense Description: Misc
  • Rent Control: Yes
  • Total Actual Rent: 12975.00
  • Total Expenses: 56106.00
  • Vacancy Allowance: 4707
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28434.00
  • Tax Census Tract: 5751.03
  • Tax Lot: 3
  • Tax Tract Number: 25784

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $2,350,000 0.0% $326 / Sq Ft
06/12/2020 06/12/20 For Sale $2,350,000 -- $326 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Justin White

    Seller's Agent in 2020

    Justin White

    Justin White

    (714) 231-2537

    44 Total Sales

    Justin White
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20113963

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Bryant

1685 Loma Ave Unit 1-7, Long Beach, CA

This home is located at 1685 Loma Ave Unit 1-7, Long Beach, CA 90804 since 12 June 2020. This property was built in 1976. 1685 Loma Ave Unit 1-7 is a home located in Los Angeles County with nearby schools including Bryant Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

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.

California Regional Multiple Listing Service (CRMLS) 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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