1070 Loma Vista Drive

Long Beach, CA 90813

$1,299,900

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1919

calendar_month Built

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, 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!

Listing Information

List Price $1,299,900
Status Active
MLS NP24251827
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1919
Lot Size 6,674
Structure Size N/A
DOM 1
Courtesy Of Coldwell Banker Realty
Listing Agent Devin Lucas DRE#01912302
Co-Listing Agent Courtney Lucas DRE#02015514

Interior Features

Laundry Information
Location(s) Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Kitchen Information
Features Galley Kitchen
Bedroom Information
Features All Bedrooms Down, Bedroom on Main Level
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Laminate, Tile
Fireplace Information
Features None
Additional Information
Additional Features Built-in Features, Open Floorplan, Quartz Counters, Stone Counters, Storage, All Bedrooms Down, Bedroom on Main Level, Galley Kitchen
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Devin Lucas, Courtney Lucas, Coldwell Banker Realty 949-478-1135. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 8th, 2025 at 2:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.