NOT LISTED FOR SALE

1751 Loma Ave Long Beach, CA 90804

Bryant Neighborhood
8 Beds
5 Baths
22,006 Sq Ft
0.38 Acres

Last Sold June 22, 2016

Last sale price $4,800,000 $218 Per Sq Ft

4 Days on Market

Highlights

  • Filtered Pool
  • 16,685 Sq Ft lot
  • No HOA
  • Woodrow Wilson High School Rated A
  • Property is near public transit
  • Resident Manager or Management On Site

About This Home

As of June 2016

Great Location. Residents can walk to Restaurants and Shops, Recreation Park, Golf Courses, Tennis and the Lagoon. Spacious Pool and Deck area partially covered, Secured Laundry Room and 400 square foot Recreation room. 5 Garages, 5 Spaces in front of the Garages & 19 Subterranean spots with storage. Clean Radiant heat at tenant expense. Separate electric meters for tenants (no gas). Some deferred maintenance and termite work are in progress. All rent figures are projected. Rents well below market. Most Expenses are Actual.

Last Agent to Sell the Property

Dave Chamberlain

Team Chamberlain Realty Exe. License #00762670 Listed on: 03/31/2016

Team Chamberlain Realty Exe.

Last Buyer's Agent

Dave Chamberlain

Team Chamberlain Realty Exe. License #00762670 Listed on: 03/31/2016

Team Chamberlain Realty Exe.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.38 Acre Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Tar and Gravel Roof
  • Asphalt Roof

Interior Spaces

  • 22,006 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Pool

  • Filtered Pool
  • Heated In Ground Pool

Additional Features

  • Property is near public transit
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 8
  • Assessor Parcel Number 7259003013

Community Details

Overview

  • No Home Owners Association
  • 24 Units

Building Details

  • 25 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,300
  • Insurance Expense $6,000
  • Maintenance Expense $12,000
  • Pool Expense $600
  • Professional Management Expense $14,400
  • Trash Expense $13,800
  • Water Sewer Expense $5,400
  • New Taxes Expense $60,000
  • Gross Income $36,300
  • Net Operating Income $306,020

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 6.40
  • Improvements Amount: 4272000
  • Improvements Percent: 89.00
  • Price Per Unit: 200000
  • Professional Management Expense: 14400.00
  • Property Attached: Yes
  • Security: Resident Manager
  • Water Sewer Expenses: 5400.00
  • Property Type: Residential Income
  • Parcel Number: 7259003013
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Entry Location: Ground Level
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 218.12

Exterior Features

  • Pool Expense: 600.00
  • Pool Features: Filtered, Heated, In Ground
  • Pool Private: Yes
  • Roof: Asphalt, Tar/Gravel

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Subterranean
  • Total Parking Spaces: 34.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range
  • Heating Type: Radiant
  • Laundry Features: Community
  • Trash Expense: 13800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Land Value: 528000
  • Land Value Percent: 11.00
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 16685.00
  • Price Per Lot Square Foot: 287.68

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 675
  • Average2 Bed Area: 900
  • Average3 Bed Area: 1145
  • Electric Expense: 3300.00
  • Gross Income: 36300.00
  • Gross Multiplier: 11.00
  • Gross Scheduled Income: 432000.00
  • Insurance Expense: 6000.00
  • Maintenance Expense: 12000.00
  • Net Operating Income: 306020.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 24
  • Operating Expense: 117340.00
  • Rent Control: No
  • Vacancy Allowance: 8640
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 60000.00
  • Taxes Percent: 1.25
  • Tax Lot: 8
  • Tax Rate: 1.25
  • Tax Tract Number: Cer Ht

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
06/22/2016 06/22/16 Sold $4,800,000 0.0% $218 / Sq Ft
04/04/2016 04/04/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $4,800,000 -- $218 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dave Chamberlain

    Seller's Agent in 2016

    Dave Chamberlain

    Realty Executives

    (714) 875-5336

    155 Total Sales

    Dave Chamberlain
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16066110

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

1751 Loma Ave, Long Beach, CA

This home is located at 1751 Loma Ave, Long Beach, CA 90804 since 31 March 2016. This property was built in 1964. 1751 Loma Ave is a home located in Los Angeles County with nearby schools including Bryant Elementary School, Woodrow Wilson High School, and Bethany Baptist Elementary 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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