Search
1228 N Loma Vista Dr, Long Beach, CA 90813
View Photos

1228 N Loma Vista Dr Long Beach, CA 90813

$1,125,000 Sold Price as of 10/16/2019
  • 8 Beds
  • 7 Baths
  • 2,858 Sq.Ft.
Sold
$1,125,000 Sold Price as of 10/16/2019 Refinance Your Mortgage
Map preview of 1228 N Loma Vista Dr, Long Beach, CA 90813

Property Overview: 1228 N Loma Vista Dr Long Beach, CA has 8 bedrooms, 7 bathrooms, 2,858 living square feet and 5,154 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Come see this Investment Opportunity in the Drake Park/Willmore City Historic District. The main home, which has the address of 1166 Magnolia Ave, is a Craftsman Home, is detached and has 2 bedrooms downstairs and 2 upstairs. The home has been updated with new paint inside and out, floors, kitchen and bathrooms. Behind the home there is a private back yard. There is a fence that separates the front and back and a 2 car detached garage in between. The back units have also been updated and are accessed via a back driveway that is shared with the neighbors, via Loma Vista Drive. The downstairs is a 2 bedroom unit and there are 2 one bedroom units upstairs. This property is great for investment by renting it all out or living in the front house and renting the back 3 units. For the investor, note that the renovation involved significant investment in new electrical and plumbing, thereby bringing down your expense ratio. Check the supplements for information on Fair Rents according to the Housing Authority for the City of Long Beach for their Section 8 program. Also, please note: the property is located in an Opportunity Zone that confers tax benefits to the owner, from capital gains tax deferral, to the elimination of capitals gains tax entirely, if held for the appropriate length of time. Along with interest deductibility and depreciation allowance, the cost of ownership is significantly lowered.

Listed by Alfredo Guzman | BRE #01407137 | Berkshire Hathaway H.S.C.P.
Co-listed by Rana Thomas | BRE #01401544 | Berkshire Hathaway H.S.C.P.
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 91

Home details

Lot Sq. Ft
5,154
HOA Dues
$0/mo
Year built
1913
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19105132
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $8,340
  • Net Operating Income: $6,255
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 1228 N Loma Vista Dr

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7272004003
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Other Subdivision Name: Drake Park/Willmore City
  • Directions: *** 710 Freeway Exit Anaheim Street East. South on Magnolia, 1166 Magnolia is the Address of the Front house. *** Google Map this address instead of the Loma Vista Address: 1166 Magnolia Avenue, Long Beach, CA 90813
Neighborhood Information
  • Community Features: Curbs, Gutters, Park, Storm Drains, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 1228 N Loma Vista Dr

Last sold for $1,125,000 on October 16th, 2019

  • November, 2019

  • Nov 1, 2019

    Date

    Canceled

    CRMLS: PW19147326

    $2,200

    Price

  • Sep 30, 2019

    Date

    Withdrawn

    CRMLS: PW19147326

    $2,200

    Price

  • Aug 22, 2019

    Date

    Hold

    CRMLS: PW19147326

    $2,200

    Price

  • Aug 6, 2019

    Date

    Active

    CRMLS: PW19147326

    $2,200

    Price

  • Aug 5, 2019

    Date

    Hold

    CRMLS: PW19147326

    $2,200

    Price

  • Aug 5, 2019

    Date

    Price Change

    CRMLS: PW19147326

    $2,200

    Price

  • Jun 21, 2019

    Date

    Price Change

    CRMLS: PW19147326

    $2,100

    Price

  • Jun 21, 2019

    Date

    Active

    CRMLS: PW19147326

    $1,400

    Price

  • Listing provided courtesy of CRMLS

    Section 8 will be accepted. For Lease we have a 2 bedroom 2 bathroom downstairs apartment available. Its in move in condition, and includes stove and refrigerator and has access to a patio.

  • November, 2019

  • Nov 1, 2019

    Date

    Canceled

    CRMLS: PW19186549

    $2,800

    Price

  • Sep 30, 2019

    Date

    Withdrawn

    CRMLS: PW19186549

    $2,800

    Price

  • Sep 23, 2019

    Date

    Hold

    CRMLS: PW19186549

    $2,800

    Price

  • Sep 22, 2019

    Date

    Active

    CRMLS: PW19186549

    $2,800

    Price

  • Sep 17, 2019

    Date

    Hold

    CRMLS: PW19186549

    $2,800

    Price

  • Aug 30, 2019

    Date

    Active

    CRMLS: PW19186549

    $2,800

    Price

  • Aug 15, 2019

    Date

    Hold

    CRMLS: PW19186549

    $2,800

    Price

  • Aug 5, 2019

    Date

    Active

    CRMLS: PW19186549

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Section 8 will be accepted. This is a 2-story Craftsman home that is in move in condition. New kitchen, bathrooms, floors and paint. It comes with a detached garage. Ready for occupancy.

  • October, 2019

  • Oct 16, 2019

    Date

    Sold

    CRMLS: PW19105132

    $1,125,000

    Price

  • Sep 25, 2019

    Date

    Pending

    CRMLS: PW19105132

    $1,199,000

    Price

  • Aug 6, 2019

    Date

    Active Under Contract

    CRMLS: PW19105132

    $1,199,000

    Price

  • May 7, 2019

    Date

    Price Change

    CRMLS: PW19105132

    $1,199,000

    Price

  • May 7, 2019

    Date

    Active

    CRMLS: PW19105132

    $1,150,000

    Price

  • October, 2019

  • Oct 16, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,125,000

    Price

  • September, 2018

  • Sep 24, 2018

    Date

    Sold

    CRMLS: TR18141303

    $750,000

    Price

  • Sep 4, 2018

    Date

    Pending

    CRMLS: TR18141303

    $799,000

    Price

  • Aug 3, 2018

    Date

    Active

    CRMLS: TR18141303

    $799,000

    Price

  • Jul 30, 2018

    Date

    Active Under Contract

    CRMLS: TR18141303

    $799,000

    Price

  • Jul 5, 2018

    Date

    Active

    CRMLS: TR18141303

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    *PROBATE SALE* Great 4-units investment opportunity in the historical Drake Park/Willmore District of Long Beach! This sale is including the APN 7272-004-037 located at the rear of the subject property, which is the vacant land alley way easement that is utilized by the two neighboring units for access to their own individual properties. Perfect for investor owned or a great opportunity to live in one and rent out the others! Do not let this chance slip away! This property consists of 2 separate buildings - the first building in the front is a free-standing two-story single house with 4 bedrooms and 2 bathrooms (address 1166 Magnolia Ave). The second building consists of multiple studio-type units with individual kitchens for each unit. The property needs TLC. Individual electrical meters for each unit. Excellent potential property and substantial upside in rents being increased. Property is located near the 710 freeway, beach, shopping centers, Aquarium of the Pacific, Long Beach convention center and other entertainment!

  • September, 2018

  • Sep 21, 2018

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 1228 N Loma Vista Dr

Assessed Value (2020): $635,863
Year Land Value Improved Value Assessed Value
2020 $414,225 $221,638 $635,863

Home Value Compared to the Market

This property vs the competition

1228 N Loma Vista Dr sold on October 16, 2019 for 46.4% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $419.52 per/sqft which puts the price per square foot 33.2% lower than the current median sale per square foot for the city of Long Beach.

About 1228 N Loma Vista Dr

Detailed summary of property

1228 N Loma Vista Dr is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 2,858 living square feet, and sits on an approximately 5,154 square foot lot. 1228 N Loma Vista Dr was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,125,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 46.4% higher than the current median priced home. Local homes that are currently for sale include 1039 E 10th St, 1132 E Arcadia Court and 1125 E 17th St. While the average home in Long Beach, CA is selling in 62 days, 1228 N Loma Vista Dr has a days on market of 91 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1228 N Loma Vista Dr Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1228 N Loma Vista Dr

Public county record property details
Beds
2
Baths
5
Year built
1913
Sq. Ft.
2,858
Lot Size
5,154
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,3
APN
7272-004-003

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1228 N Loma Vista Dr

Nearby Homes for Sale

1163 Magnolia Ave, Long Beach, CA 90813
$1,249,000
7 Beds
5 Baths
4083 Sq.Ft.
1163 Magnolia Ave
Long Beach, CA 90813
332 W 9th St, Long Beach, CA 90813
$1,200,000
8 Beds
4 Baths
3372 Sq.Ft.
332 W 9th St
Long Beach, CA 90813
229 W 8th St, Long Beach, CA 90813
$950,000
4 Beds
0 Baths
2039 Sq.Ft.
229 W 8th St
Long Beach, CA 90813
Open Sun 11am-12pm
1816 Oregon Ave, Long Beach, CA 90806
$1,229,990
7 Beds
4 Baths
3193 Sq.Ft.
1816 Oregon Ave
Long Beach, CA 90806
Open Sun 11am-12pm
1816 Oregon Ave, Long Beach, CA 90806
$1,229,990
7 Beds
4 Baths
3193 Sq.Ft.
1816 Oregon Ave
Long Beach, CA 90806
1930 Magnolia Ave, Long Beach, CA 90806
$950,000
4 Beds
5 Baths
2379 Sq.Ft.
1930 Magnolia Ave
Long Beach, CA 90806
1961 Pine Ave, Long Beach, CA 90806
$1,100,000
8 Beds
4 Baths
3108 Sq.Ft.
1961 Pine Ave
Long Beach, CA 90806
2000 Pacific Ave, Long Beach, CA 90806
$939,000
7 Beds
3 Baths
1377 Sq.Ft.
2000 Pacific Ave
Long Beach, CA 90806
340 E 19th St, Long Beach, CA 90806
$949,888
5 Beds
3 Baths
1620 Sq.Ft.
340 E 19th St
Long Beach, CA 90806
1010 Lime Ave, Long Beach, CA 90813
$1,140,000
8 Beds
5 Baths
3209 Sq.Ft.
1010 Lime Ave
Long Beach, CA 90813
2175 Earl Ave, Long Beach, CA 90806
$1,109,000
5 Beds
3 Baths
2297 Sq.Ft.
2175 Earl Ave
Long Beach, CA 90806
2223 Locust, Long Beach, CA 90806
$1,049,900
5 Beds
3 Baths
3034 Sq.Ft.
2223 Locust
Long Beach, CA 90806

Recently Sold Homes Near 1228 N Loma Vista Dr

1160 Magnolia Ave, Long Beach, CA 90813
$850,000 Last Sold Price
3 Beds
4 Baths
2478 Sq.Ft.
1160 Magnolia Ave
Long Beach, CA 90813
1239 N Loma Vista Dr, Long Beach, CA 90813
$899,000 Last Sold Price
6 Beds
4 Baths
2186 Sq.Ft.
1239 N Loma Vista Dr
Long Beach, CA 90813
1238 Magnolia Ave, Long Beach, CA 90813
$540,000 Last Sold Price
4 Beds
2 Baths
1296 Sq.Ft.
1238 Magnolia Ave
Long Beach, CA 90813
1248 N Loma Vista Dr, Long Beach, CA 90813
$785,000 Last Sold Price
5 Beds
4 Baths
1972 Sq.Ft.
1248 N Loma Vista Dr
Long Beach, CA 90813

Related Resources to 1228 N Loma Vista Dr

New Listings in 90813
Popular Zip Codes
Popular Cities
Other Long Beach Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote