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5 Loma Ave, Long Beach, CA 90803
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5 Loma Ave Long Beach, CA 90803

$3,990,000
  • 5 Beds
  • 5 Baths
  • 4,170 Sq.Ft.
For Sale
$3,990,000 Get Pre-Qualified
Map preview of 5 Loma Ave, Long Beach, CA 90803

Property Overview: 5 Loma Ave Long Beach, CA has 5 bedrooms, 5 bathrooms, 4,170 living square feet and 4,699 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Prestigious Bluff Park Historic District. Located along the Ocean Bluffs, with a panoramic view of the Pacific Ocean. Walking distance from lively Belmont Shores 2nd Street. These are more than income-generating units. These are executive apartments with private patios, ocean views, and their very own private garage as well as private laundry. A rare find indeed!! 3535 E Ocean Blvd: Approximately 1500 square foot home from the front porch, you are surrounded by beautiful unobstructed ocean views. Spanish-style home with oak hardwood floors throughout. It may seem like an escape back in time, but don’t be mistaken this home has been extensively remodeled to have the look and feel of an old Spanish Villa while providing all the state-of-the-art amenities. Viking 6 burner stove, Subzero Refrigerator, Open concept kitchen/dining room/living room with cabinetry that was built custom and specifically for the space. That’s just the kitchen! Central Air and Heating. Completely new electrical, a tankless water heater, plumbing that has been completely redone down to the main waterline. Built in bookcases, and home office accommodations offer a space to conduct business just in time to frontier into the new norm; working or creating from the comfort of your living room. Master bedroom has a ¾ bathroom, plenty of closet space and large windows that bring in lovely warm light and a soft breeze. 2nd bedroom is located to the rear of the unit, with a large walk in closet and 3 windows that surround the room bringing in lots of bright sunshine. Full bath is located at the end of the hall and was made to look vintage with its gorgeous glass tile, and chrome fixtures a real must see! This downstairs part of the home also has a private patio to round out the perfect beach living dream. It offers a built-in BBQ, with mini-fridge, two areas for storage, and plenty of room for entertaining.....NICE!!! 3533 E Ocean Blvd & 5, 7 Loma Ave Now imagine all of the above the central air/heat, the tankless water heater to provide unlimited hot water without worry, hardwood floors throughout, Spanish tile backsplash and flooring, but with a private balcony! 5 Loma offers a 1 bedroom 1 bath, with French doors that open up to the perfect balcony for beach living and people watching. 7 Loma is perfect for the tenant who loves the minimalist lifestyle while having all same amenities offered to the other unit

Listed by Moe Usman | BRE #01301545 | A1 Realty, Inc.
Last checked: 1 minute ago | Last updated: April 15th, 2024 | Source CRMLS | DOM: 20
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Home details

Lot Sq. Ft
4,699
HOA Dues
$0/mo
Year built
1924
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
NP24068688
City
Long Beach
County
Los Angeles
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 6
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,450
  • Total Rent: $4,450
  • Pro Forma/Market Rent: $4,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $6,000
  • Total Rent: $6,000
  • Pro Forma/Market Rent: $6,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $137,000
  • Net Operating Income: $124,860
  • Gross Operating Income: $133,000
Annual Expense Breakdown
  • Total Operating Expense: $12,140
  • Electric: $660
  • Trash: $1,200
  • Gardener: $2,280
  • Insurance: $4,800
  • Maintenance: $2,000
  • Water/Sewer: $1,200

Open Houses for 5 Loma Ave

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Property Details for 5 Loma Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, ENERGY STAR Qualified Equipment
Heating Information
  • Has Heating
  • Central, ENERGY STAR Qualified Equipment
Laundry Information
  • Has Laundry
  • See Remarks
Room Information
  • Foyer, Kitchen, Laundry, Living Room, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet
Interior Features
  • Levels: Two
  • Window Features: Bay Window(s), Blinds, Custom Covering, Double Pane Windows, ENERGY STAR Qualified Windows
  • Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Security Lights, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat, Spanish Tile
  • 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
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7264013012
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Additions/Alterations, Building Permit, Repairs Cosmetic, Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Bluff Park (BLF)
  • Directions: West of Belmont shore, 1 block east of Redondo ave On Ocean blvd
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Fishing, Watersports, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 5 Loma Ave

Last sold for $3,500,000 on August 31st, 2021

  • April, 2024

  • Apr 8, 2024

    Date

    Active

    CRMLS: NP24068688

    $3,990,000

    Price

  • September, 2021

  • Sep 1, 2021

    Date

    Sold

    CRMLS: PW21117374

    $3,500,000

    Price

  • Aug 11, 2021

    Date

    Pending

    CRMLS: PW21117374

    $3,500,000

    Price

  • Jun 2, 2021

    Date

    Price Change

    CRMLS: PW21117374

    $3,500,000

    Price

  • Jun 2, 2021

    Date

    Active

    CRMLS: PW21117374

    $35,000,000

    Price

  • Listing provided courtesy of CRMLS

    Absolutely unheard of in Long Beach! Prestigious Bluff Park Historic District. Located along the Ocean Bluffs, with a panoramic view of the Pacific Ocean. Walking distance from lively Belmont Shores 2nd Street. These are more than income-generating units. These are executive apartments with private patios, ocean views, and their very own private garage as well as private laundry. A rare find indeed!! 3535 E Ocean Blvd: Approximately 1500 square foot home from the front porch, you are surrounded by beautiful unobstructed ocean views. Spanish-style home with oak hardwood floors throughout. It may seem like an escape back in time, but don’t be mistaken this home has been extensively remodeled to have the look and feel of an old Spanish Villa while providing all the state-of-the-art amenities. Viking 6 burner stove, Subzero Refrigerator, Open concept kitchen/dining room/living room with cabinetry that was built custom and specifically for the space. That’s just the kitchen! Central Air and Heating. Completely new electrical, a tankless water heater, plumbing that has been completely redone down to the main waterline. Built in bookcases, and home office accommodations offer a space to conduct business just in time to frontier into the new norm; working or creating from the comfort of your living room. Master bedroom has a ¾ bathroom, plenty of closet space and large windows that bring in lovely warm light and a soft breeze. 2nd bedroom is located to the rear of the unit, with a large walk in closet and 3 windows that surround the room bringing in lots of bright sunshine. Full bath is located at the end of the hall and was made to look vintage with its gorgeous glass tile, and chrome fixtures a real must see! This downstairs part of the home also has a private patio to round out the perfect beach living dream. It offers a built-in BBQ, with mini-fridge, two areas for storage, and plenty of room for entertaining.....NICE!!! 3533 E Ocean Blvd & 5, 7 Loma Ave Now imagine all of the above the central air/heat, the tankless water heater to provide unlimited hot water without worry, hardwood floors throughout, Spanish tile backsplash and flooring, but with a private balcony! 5 Loma offers a 1 bedroom 1 bath, with French doors that open up to the perfect balcony for beach living and people watching. 7 Loma is perfect for the tenant who loves the minimalist lifestyle while having all same amenities offered to the other units.

  • March, 2015

  • Mar 19, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

Show More

Tax History for 5 Loma Ave

Assessed Value (2020): $1,776,234
Year Land Value Improved Value Assessed Value
2020 $1,318,726 $457,508 $1,776,234

Home Value Compared to the Market

This property vs the competition

5 Loma Ave is listed 398.81% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $956.83 per/sqft which puts the price per square foot 48.58% higher than the median price per square foot for the city of Long Beach.

About 5 Loma Ave

Detailed summary of property

5 Loma Ave is a fourplex located in Long Beach, CA 90803 and is currently for sale. This fourplex offers 5 bedrooms, 5 bathrooms, roughly 4,170 living square feet, and sits on an approximately 4,699 square foot lot. 5 Loma Ave was first listed on ArdentRealEstateGroup.com on April 8, 2024. The homeowner is currently asking $3,990,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 398.81% higher than the median priced home. Local competing homes currently for sale include 1045 E 4th St, 728 Cerritos Ave and 433 W 7th St. While the average home in Long Beach, CA is selling in 54 days, 5 Loma Ave has a days on market of 20 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 5 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 5 Loma Ave

Public county record property details
Beds
5
Baths
5
Year built
1924
Sq. Ft.
4,170
Lot Size
4,699
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
7264-013-012

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
$1,400,000
Median List Price/Sq.Ft.
$838
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
100
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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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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