844 Loma Long Beach, CA 90804
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25275432
HOA Y/N No
Year Built 1988
Property Sub-Type Triplex
Property Description
property offers three units across a spacious 3,048 square feet of living area on a generous 6,760 square foot lot. The private parking lot in the rear
of building can hold 6 vehicles. Built in 1988, the building combines modern construction with strong rental appeal, making it an excellent choice
for both seasoned investors and those looking to expand their portfolio. The property features one three-bedroom, one-bath unit and two one-
bedroom units. Each unit is individually metered for gas and electricity, giving tenants responsibility for their own utilities while reducing operating
expenses for the owner. Current rental income provides steady cash flow with upside potential in this high-demand area. Interior highlights
include a spacious floor plan, a large living room with fireplace, and laundry hookups inside each unit for tenant convenience. The 3 brm unit is
1,500 square feet and includes a family room with fireplace, while the 1 brm units average 750 square feet, offering comfortable living spaces for a
variety of tenant needs. The property has been thoughtfully designed to maximize privacy, with no shared common walls and ample separation
between units. The exterior of the building is situated on a quiet residential street lined with sidewalks and mature trees, yet it remains close to
major transportation routes, shopping, schools, and recreation. Tenants enjoy the convenience of being near public transit, as well as the walkable
nature of the neighborhood. The lot offers potential flexibility for improvements, subject to city requirements. Operating costs remain low,
supported by modest expenses for insurance, water, and landscaping. Long Beach continues to attract investors due to its strong rental market,
employment base, and proximity to beaches, downtown, and freeways. Properties in this area are highly sought after, both for their rental stability
and long-term appreciation potential. This is an excellent chance to acquire a well-positioned, income-generating property in a growing coastal
city. Do not miss the opportunity to add this triplex to your portfolio.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Interior Features Balcony, Bedroom on Main Level, Galley Kitchen, Main Level Primary
Heating Central
Cooling None
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Parking Features Assigned, Concrete
Pool None
Community Features Biking, Curbs, Dog Park, Storm Drain(s), Street Lights, Suburban, Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Composition
Private Pool No
Building
Lot Description Front Yard, Near Public Transit, Rectangular Lot
Faces West
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7254014010
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
