1228 N Loma Vista Drive, Long Beach, CA 90813

$799,000
List Price
$799,000
Status
ACTIVE
MLS#
TR18141303
Year Built
1913
Lot Size
5,154
Lot Location
Lot-Level/Flat, Park Nearby
Days on Market
80
Property Type
Multifamily
Neighborhood
Drake Park (Dp)

Property Description

*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!

Additional Information

Tract Number
unknow
Lot Description
Carbon Monoxide Detector(s), Smoke Detector, Curbs, Sidewalks
Appliances
Gas Stove, Water Heater Central
Pool Description
None
Fireplace Description
None
Heat
Wall Heater
Garage Spaces Total
2
Water
Public
Attached Structure
Attached

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Helen Wong from Imax Realty & Mortgage Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.