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1407 Loma Ave, Long Beach, CA 90804
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1407 Loma Ave Long Beach, CA 90804

$1,025,000 Sold Price as of 08/20/2021
  • 5 Beds
  • 3 Baths
  • 2,176 Sq.Ft.
Sold
$1,025,000 Sold Price as of 08/20/2021 Refinance Your Mortgage
Map preview of 1407 Loma Ave, Long Beach, CA 90804

Property Overview: 1407 Loma Ave Long Beach, CA has 5 bedrooms, 3 bathrooms, 2,176 living square feet and 7,158 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment opportunity. Front 2 bedroom 1 bath Traditional Cottage style home with a fireplace and an enclosed patio. The back is a 3 bedroom 2 bath with a fireplace open floorplan and vaulted ceilings and has a master suite! built in 1989 Plus a private patio! Both have 2 large 2 car garages. Both have their own laundry areas in the garages. there is also 2 large storage units currently used by the current owners. Possible addition of an ADU could also be an option. Great location in the Zaferia Neighborhood of Long Beach!

Listed by Cynthia Voss | BRE #00881330 | Re/Max R. E. Specialists
Co-listed by Nathan Walter | BRE #01955448 | Re/Max R. E. Specialists
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
7,158
HOA Dues
$0/mo
Year built
1941
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21150668
City
Long Beach
County
Los Angeles
Time on Site
1041 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,275
  • Total Rent: $2,275
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $52,500
  • Net Operating Income: $46,362
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $6,138
  • Trash: $0
  • Insurance: $800
  • Workman's Comp: $0
  • Water/Sewer: $0

Property Details for 1407 Loma Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Laminate, Wood
  • Living Room, Main Floor Bedroom, Main Floor Master Bedroom
Interior Features
  • Living Room Balcony, Storage, Tile Counters
  • Levels: One
  • Window Features: Casement Windows
Exterior Features
Exterior Information
  • Roof: Common Roof, Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Lawn, Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7259012023
  • Year Built Source: Assessor
  • Architectural Style: Contemporary, Spanish
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: North of Anaheim East of Redondo
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1407 Loma Ave

Last sold for $1,025,000 on August 20th, 2021

  • August, 2021

  • Aug 24, 2021

    Date

    Sold

    CRMLS: PW21150668

    $1,025,000

    Price

  • Jul 25, 2021

    Date

    Active Under Contract

    CRMLS: PW21150668

    $999,000

    Price

  • Jul 10, 2021

    Date

    Active

    CRMLS: PW21150668

    $999,000

    Price

  • May, 2004

  • May 7, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1407 Loma Ave

Assessed Value (2020): $312,338
Year Land Value Improved Value Assessed Value
2020 $113,443 $198,895 $312,338

Home Value Compared to the Market

This property vs the competition

1407 Loma Ave sold on August 20, 2021 for 24.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $459.1 per/sqft which puts the price per square foot 27.36% lower than the current median sale per square foot for the city of Long Beach.

About 1407 Loma Ave

Detailed summary of property

1407 Loma Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,176 living square feet, and sits on an approximately 7,158 square foot lot. 1407 Loma Ave was first listed on ArdentRealEstateGroup.com on July 10, 2021. The homeowner sold the property for $1,025,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 24.88% higher than the current median priced home. Local homes that are currently for sale include 2100 Pine Ave, 154 E Eagle St and 2000 Pacific Ave. While the average home in Long Beach, CA is selling in 51 days, 1407 Loma Ave has a days on market of 4 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 1407 Loma Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1407 Loma Ave

Public county record property details
Beds
2
Baths
1
Year built
1941
Sq. Ft.
876
Lot Size
7,157
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
7259-012-023

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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.

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