Skip To Content

1070 Loma Vista Drive

Long Beach, CA 90813
  • $1,249,900
  • STATUS: ACTIVE
  • ON SITE: 23 Days
  • ID#: NP24251827
Price Reduced
$1,249,900
  • 5
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Discover an exceptional investment opportunity in the heart of Long Beach! This versatile 5-unit rental property offers a highly desirable layout and prime location, making it an easy-to-rent option for savvy investors or owner-occupants. At the front of the expansive lot, a cozy 2-bedroom, 1-bath house greets you with its inviting character. The front house offers a private garage and a dedicated laundry area. Step inside to find a comfortable living space with plenty of potential to make it your own home, or use as the premier rental unit of the five offerings. Behind the front house, youll find four (4) additional 1-bedroom, 1-bath units, each with its own covered front porchperfect for enjoying Long Beachs coastal breeze. One of these units was just beautifully remodeled and is now vacant, ready to welcome a new tenant or even a potential owner. The remodeled unit features wide plank light oak laminate flooring, custom built-in cabinetry in the living room, crisp white shaker kitchen cabinets, elegant quartz countertops, and stylish five-panel shaker doors. With new plumbing and abundant natural light, this unit stands out as a bright and modern living space, showcasing the possibilities with the remaining units. The other four units are tenant-occupied, offering steady income from day one, and they come with great potential for updates to further increase investment value. Each unit has its own separate electric and gas meter, adding convenience for both tenants and management. Situated on a spacious 6,674 sq. ft. lot, this property also boasts a recently replaced roof Discover an exceptional investment opportunity in the heart of Long Beach! This versatile 5-unit rental property offers a highly desirable layout and prime location, making it an easy-to-rent option for savvy investors or owner-occupants. At the front of the expansive lot, a cozy 2-bedroom, 1-bath house greets you with its inviting character. The front house offers a private garage and a dedicated laundry area. Step inside to find a comfortable living space with plenty of potential to make it your own home, or use as the premier rental unit of the five offerings. Behind the front house, youll find four (4) additional 1-bedroom, 1-bath units, each with its own covered front porchperfect for enjoying Long Beachs coastal breeze. One of these units was just beautifully remodeled and is now vacant, ready to welcome a new tenant or even a potential owner. The remodeled unit features wide plank light oak laminate flooring, custom built-in cabinetry in the living room, crisp white shaker kitchen cabinets, elegant quartz countertops, and stylish five-panel shaker doors. With new plumbing and abundant natural light, this unit stands out as a bright and modern living space, showcasing the possibilities with the remaining units. The other four units are tenant-occupied, offering steady income from day one, and they come with great potential for updates to further increase investment value. Each unit has its own separate electric and gas meter, adding convenience for both tenants and management. Situated on a spacious 6,674 sq. ft. lot, this property also boasts a recently replaced roof, and designation within the Historic District. The location is unbeatablejust 1.5 miles from Shoreline Village, where youll find a variety of dining and entertainment options. The iconic Queen Mary is only 2 miles away, and Drake Park, with its soccer fields, tennis courts, and playground, is within walking distance. Around the corner, youll also discover the Historic Bembridge House, adding a touch of local charm and history to the neighborhood. This property offers the perfect blend of modern updates, historic appeal, and prime location, making it a rare gem in Long Beach. Whether youre looking to grow your investment portfolio or secure a steady income stream, 1070 Loma Vista Drive is a must-see. Dont miss this incredible opportunity!

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.callstein.com/homes/161061123
Print Image

1070 Loma Vista Drive Long Beach, CA 90813

  • Price: $1,249,900
  • Status: ACTIVE
  • On Site: 23 Days
  • ID#: NP24251827
5
Beds
0
Baths
0
½ Baths
0.15
Acres
Neighborhood:
Long Beach (90813)
County:
Los Angeles
Area:
Long Beach (90813)
Property Description
Discover an exceptional investment opportunity in the heart of Long Beach! This versatile 5-unit rental property offers a highly desirable layout and prime location, making it an easy-to-rent option for savvy investors or owner-occupants. At the front of the expansive lot, a cozy 2-bedroom, 1-bath house greets you with its inviting character. The front house offers a private garage and a dedicated laundry area. Step inside to find a comfortable living space with plenty of potential to make it your own home, or use as the premier rental unit of the five offerings. Behind the front house, youll find four (4) additional 1-bedroom, 1-bath units, each with its own covered front porchperfect for enjoying Long Beachs coastal breeze. One of these units was just beautifully remodeled and is now vacant, ready to welcome a new tenant or even a potential owner. The remodeled unit features wide plank light oak laminate flooring, custom built-in cabinetry in the living room, crisp white shaker kitchen cabinets, elegant quartz countertops, and stylish five-panel shaker doors. With new plumbing and abundant natural light, this unit stands out as a bright and modern living space, showcasing the possibilities with the remaining units. The other four units are tenant-occupied, offering steady income from day one, and they come with great potential for updates to further increase investment value. Each unit has its own separate electric and gas meter, adding convenience for both tenants and management. Situated on a spacious 6,674 sq. ft. lot, this property also boasts a recently replaced roof Discover an exceptional investment opportunity in the heart of Long Beach! This versatile 5-unit rental property offers a highly desirable layout and prime location, making it an easy-to-rent option for savvy investors or owner-occupants. At the front of the expansive lot, a cozy 2-bedroom, 1-bath house greets you with its inviting character. The front house offers a private garage and a dedicated laundry area. Step inside to find a comfortable living space with plenty of potential to make it your own home, or use as the premier rental unit of the five offerings. Behind the front house, youll find four (4) additional 1-bedroom, 1-bath units, each with its own covered front porchperfect for enjoying Long Beachs coastal breeze. One of these units was just beautifully remodeled and is now vacant, ready to welcome a new tenant or even a potential owner. The remodeled unit features wide plank light oak laminate flooring, custom built-in cabinetry in the living room, crisp white shaker kitchen cabinets, elegant quartz countertops, and stylish five-panel shaker doors. With new plumbing and abundant natural light, this unit stands out as a bright and modern living space, showcasing the possibilities with the remaining units. The other four units are tenant-occupied, offering steady income from day one, and they come with great potential for updates to further increase investment value. Each unit has its own separate electric and gas meter, adding convenience for both tenants and management. Situated on a spacious 6,674 sq. ft. lot, this property also boasts a recently replaced roof, and designation within the Historic District. The location is unbeatablejust 1.5 miles from Shoreline Village, where youll find a variety of dining and entertainment options. The iconic Queen Mary is only 2 miles away, and Drake Park, with its soccer fields, tennis courts, and playground, is within walking distance. Around the corner, youll also discover the Historic Bembridge House, adding a touch of local charm and history to the neighborhood. This property offers the perfect blend of modern updates, historic appeal, and prime location, making it a rare gem in Long Beach. Whether youre looking to grow your investment portfolio or secure a steady income stream, 1070 Loma Vista Drive is a must-see. Dont miss this incredible opportunity!
Exterior Features

Pool N/K Site CurbsSidewalks Spa N/K

Interior Features

Cooling N/K Heat Source ElectricNatural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Actual Cap Rate 4.22 Annual Expense Actual 7547 Buildings 2 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 58020 Home Owners Fees 0.0 Possession Close of EscrowOther/Remarks Security Security Bars Tenant Pays Cable TVElectricityGas/Propane Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1400.0 Unit2 Rent Actual 825.0 Unit3 Rent Actual 885.0 Unit4 Rent Actual 825.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Devin Lucas of Coldwell Banker Realty: 949-478-1135. Listing information © 2025 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306336320-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306336320-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306336320-1.jpg
Logo
Keller Williams Realty La Jolla
7817 Ivanhoe Ave.
La Jolla CA, 92037