$2,500,000
UNDER CONTRACT

920 Loma Ave Long Beach, CA 90804

Recreation Park Neighborhood

Estimated payment $15,482/month

Total Views 6,543
7 Beds
4 Baths
7,597 Sq Ft
$329 Price per Sq Ft

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Level Lot

About This Home

920 Loma Avenue is an 8-unit multifamily investment property located in the desirable Eastside submarket of Long Beach, California. Constructed in 1964, the 7,597 rentable square foot property consists of six two-bedroom/one-bath units, one two-bedroom/one-bath unit with a den, and one three-bedroom/two-bath townhouse. The unit mix provides a range of living options that appeal to a broad tenant base, from individuals and roommates to families seeking additional space. Residents benefit from on-site amenities including four garages, additional surface parking, and a community laundry facility. 920 Loma Avenue is well positioned in a walkable residential pocket with convenient access to neighborhood amenities. The property sits just blocks from Woodrow Wilson High School and is within close proximity to multiple retail centers offering full-service grocers, dining, and daily services. In addition, tenants enjoy easy access to Recreation Park, one of Long Beach’s premier green spaces, featuring a golf course, tennis courts, and expansive open areas. This blend of residential charm, convenience, and recreational access makes the location especially attractive to long-term renters. The offering of 920 Loma Avenue presents investors with the opportunity to acquire a well-located, stabilized multifamily asset in one of Long Beach’s established rental markets, supported by consistent demand and proximity to employment, retail, and community amenities.

Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 09/12/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 7,597 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 0607
  • Tax Tract Number 577000
  • Assessor Parcel Number 7254014007
  • $1,721 per year additional tax assessments

Community Details

Overview

  • 8 Units
  • Circle Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,075
  • Fuel Expense $3,077
  • Insurance Expense $8,000
  • Maintenance Expense $8,000
  • Professional Management Expense $9,538
  • Trash Expense $3,075
  • Water Sewer Expense $3,075
  • New Taxes Expense $31,727
  • Operating Expense $77,032
  • Gross Income $196,620
  • Net Operating Income $113,726

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.55
  • Professional Management Expense: 9538.00
  • Property Attached: No
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 3075.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7254014007
  • Year Built: 1964
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 329.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3075.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 3075.00
  • Fuel Expense: 3077.00
  • Gross Income: 196620.00
  • Gross Multiplier: 12.71
  • Gross Operating Income: 189557.00
  • Gross Scheduled Income: 195420.00
  • Insurance Expense: 8000.00
  • Lot Size Area: 0.1500 Acres
  • Maintenance Expense: 8000.00
  • Net Operating Income: 113726.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 77032.00
  • Operating Expense Percent: 40.40
  • Other Income1: 1200.00
  • Other Income Description: Misc
  • Rent Control: No
  • Total Expenses: 77032.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 31727.00
  • Tax Lot: 0607
  • Tax Tract Number: 577000
  • TaxOtherAnnualAssessmentAmount: 1721.00

Map

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 List to Sale Price per Sq Ft
09/12/2025 09/12/25 For Sale $2,500,000 -- $329 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25216008

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

920 Loma Ave, Long Beach, CA

Under Contract

MultiFamily

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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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Tyler Leeson
Listing Agent
Tyler Leeson
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Marcus & Millichap RE Invest
(562) 442-4905