1070 North Loma Vista Drive

Long Beach, CA 90813

$1,299,900
Price
6
Beds
5
Baths
2,644 Sq. Ft.
$492 / Sq. Ft.
2,644
Sq. Ft.
$492
per Sq. Ft.

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Virtual Tour

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...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, you’ll find four (4) additional 1-bedroom, 1-bath units, each with its own covered front porch—perfect for enjoying Long Beach’s 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 unbeatable—just 1.5 miles from Shoreline Village, where you’ll 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, you’ll 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 you’re looking to grow your investment portfolio or secure a steady income stream, 1070 Loma Vista Drive is a must-see. Don’t miss this incredible opportunity!
  1. Listed by Devin Lucas • DRE #01912302 • Brokerage DRE #00616212 • Coldwell Banker Realty • 949-478-1135
  2. Listed by Courtney Lucas • DRE #02015514 • Brokerage DRE #00616212 • Coldwell Banker Realty

Property Details for 1070 North Loma Vista Drive

View
Neighborhood, Park/Greenbelt, River, Trees/Woods
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
5.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
2644
LISTING UPDATED: 01/07/2025 10:24 PM

Property Details for 1070 North Loma Vista Drive

StatusActive
MLS #NP24251827
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1919
Lot Size0.15 AC / 6,674 SF
CountyLos Angeles County

Virtual Tour

Building Information for 1070 North Loma Vista Drive

Stories1Residences-Year Built1919Building Size-Lot Size0.15 AC / 6,674 SF

Property Information for 1070 North Loma Vista Drive

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $58,020
  • Net Operating Income: $50,473
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Cap Rate: 4.0
  • 433a Certified: No
Expense Details
  • Operating Expense: $7,547
  • New Taxes Expense: $0
  • Gardener Expense: $650
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $313
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $563
  • Maintenance Expense: $1,694
  • Professional Management Expense: $0
  • Other Expense: $2,022
  • Other Expense Description: Prop Tax
  • Trash Expense: $0
  • Water Sewer Expense: $2,305
  • Total Expenses: $7,547
Tax / Assessment Info
  • Tax Tract Number: 001
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 7271
Community / Development
Community / Development
  • Community Features: Curbs, Park, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Water Heater
  • Equipment: Gas Or Electric Dryer Hookup, Inside, Washer Hookup
  • Interior Features: Built-in Features, Open Floorplan, Quartz Counters, Stone Counters, Storage
  • Room Type: All Bedrooms Down, Galley Kitchen, Kitchen, Living Room, Main Floor Bedroom, Primary Bedroom
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Kitchen Features: Stone Counters, Galley Kitchen
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Electric, Natural Gas, Wall
  • Heat Source: Electric, Natural Gas
  • Heating: Electric, Natural Gas, Wall Furnace
  • Flooring: Laminate, Tile
  • Virtual Tour URL Branded: https://youtu.be/qmKdii_RwN8
  • Virtual Tour URL Unbranded: https://drive.google.com/file/d/1z_Xe7YDqWB2tW3kYiQpX56dHUbuZWJZx/view?usp=sharing
Exterior Features
  • Security Features: Smoke Detector(s), Window Bars
  • Security: Security Bars
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • View Description: River, Trees/Woods
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Driveway
Property / Structure Info
  • Builders Tract Name: Willmore District
  • Builders Tract Code: Willmore District (WM)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $825
  • Unit Type Total Rent: $825
  • Unit Type Pro Forma: 900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $885
  • Unit Type Total Rent: $885
  • Unit Type Pro Forma: 900
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $825
  • Unit Type Total Rent: $825
  • Unit Type Pro Forma: 900
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 900
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 1070 North Loma Vista Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1070 North Loma Vista Drive

Taxable ValueLand$31,452Additions$29,292Total$60,744
Tax Record2024$1,739 ($145 / month)
Home Facts
Total Finished SqFt2,644 SqFtAbove Grade Finished SqFt2,644 SqFtLot Size6,674 SqFtStyleMulti-Family Res (5+ Units)Year Built1919ZoningLBPD10CountyLOS ANGELESAPN7271-021-001

Schools near 1070 North Loma Vista Drive

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Edison Elementary School
Public - K to 5
Washington Middle School
Public - 6 to 8
Cabrillo High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
Edison Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1070 North Loma Vista Drive, Long Beach, CA 90813

1070 North Loma Vista Drive is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on November 24, 2024 by Coldwell Banker Realty, it's currently listed at $1,299,900. This listing's school district is Long Beach Unified School District. Nearby schools include Edison Elementary School, Washington Middle School and Cabrillo High School. 1070 North Loma Vista Drive is a 6-bed, 5-bath, 2,644 sqft multi-family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Devin Lucas, DRE #01912302; Coldwell Banker Realty, Courtney Lucas, DRE #02015514

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.