241 Loma Ave, Long Beach, CA 90803
Image 2 for 241 Loma Ave, Long Beach, CA 90803
Image 3 for 241 Loma Ave, Long Beach, CA 90803
View Photos

241 Loma Ave Long Beach, CA 90803

$2,060,000 Sold Price as of 12/15/2021
  • 6 Beds
  • 4 Baths
  • 3,066 Sq.Ft.
Sold
$2,060,000 Sold Price as of 12/15/2021 Refinance Your Mortgage

Map preview of 241 Loma Ave, Long Beach, CA 90803

Property Overview: 241 Loma Ave Long Beach, CA has 6 bedrooms, 4 bathrooms, 3,066 living square feet and 6,482 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Casa Loma Compound is a distinct opportunity that beautifully balances the privacy of a single-family home with the benefits of a multi-family property. Proudly positioned within the acclaimed Belmont Heights neighborhood, this Spanish estate abounds with jaw-dropping original details; charismatic hardwood floors, wood double-hung windows, unpainted woodwork and built-ins, coved ceiling, and deco-inspired faux fireplace. Exemplifying true pride of ownership, countless modern updates and upgrades exist; contemporary kitchens and bathrooms, newer roofs, updated electrical, copper repipe, bolted and braced foundations, modern gas lines and fresh PVC drains. Perfect for the owner-occupant, the front home is self-contained with unique access to its front courtyard and rear entertaining patio, complete with outdoor kitchen, pergola-shaded seating areas, additional half bathroom and multi-use zones in the finished garage. Not to be outdone, the highly desirable rental units offer an extremely functional floor plan and unexpected bonuses, like in-unit washers and dryers and private gardens.

Listed by Jeff Anderson | BRE #01729514 | eXp Realty of California Inc
Co-listed by Torey Carrick | BRE #01878468 | eXp Realty of California Inc
Last checked: 8 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
6,482
HOA Dues
$0/mo
Year built
1925
Garage
2 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW21226536
City
Long Beach
County
Los Angeles
Time on Site
1052 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $55,500
  • Net Operating Income: $32,380
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $23,120
  • New Taxes: $18,000
  • Trash: $600
  • Gardener: $1,200
  • Insurance: $2,000
  • Water/Sewer: $1,320

Virtual Tour

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


Property Details for 241 Loma Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room, Outside
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Tile, Wood
  • Kitchen, Living Room
Interior Features
  • Unfurnished
  • Levels: Two
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
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Landscaped, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7264001036
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Property is Attached
  • Offered With Property: Front house refrigerator
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: Loma Ave and E Vista St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Loading...

Sale History for 241 Loma Ave

Last sold for $2,060,000 on December 15th, 2021
  • December, 2021

  • Dec 15, 2021

    Date

    Sold

    CRMLS: PW21226536

    $2,060,000

    Price

  • December, 2021

  • Dec 15, 2021

    Date

    Sold

    CRMLS: PW21226531

    $2,060,000

    Price

  • Nov 14, 2021

    Date

    Hold

    CRMLS: PW21226531

    $1,850,000

    Price

  • Nov 1, 2021

    Date

    Coming Soon

    CRMLS: PW21226531

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

  • August, 2006

  • Aug 31, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

  • June, 2003

  • Jun 6, 2003

    Date

    Sold (Public Records)

    Public Records

    $775,000

    Price

Show More

Tax History for 241 Loma Ave

Assessed Value (2020): $1,347,827
Year Land Value Improved Value Assessed Value
2020 $943,299 $404,528 $1,347,827

Home Value Compared to the Market

This property vs the competition

241 Loma Ave sold on December 15, 2021 for 125.89% 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 $603.39 per/sqft which puts the price per square foot 3.92% lower than the current median sale per square foot for the city of Long Beach.

About 241 Loma Ave

Detailed summary of property

241 Loma Ave is a fourplex that recently sold in Long Beach, CA 90803. This fourplex offered 6 bedrooms, 4 bathrooms, roughly 3,066 living square feet, and sits on an approximately 6,482 square foot lot. 241 Loma Ave was first listed on ArdentRealEstateGroup.com on November 2, 2021. The homeowner sold the property for $2,060,000. 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 125.89% higher than the current median priced home. Local homes that are currently for sale include 179 Saint Joseph Ave, 208 Park Ave and 268 Park Avenue. While the average home in Long Beach, CA is selling in 62 days, 241 Loma Ave has a days on market of 8 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 241 Loma Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 241 Loma Ave

Public county record property details
Beds
6
Baths
4
Year built
1925
Sq. Ft.
3,066
Lot Size
6,481
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6,8
APN
7264-001-036

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

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.