1070 Loma Vista Drive, Long Beach, CA 90813

$1,299,900

Discover an exceptional investment opportunity in the heart of Long Beach! This versatile 5-unit rental property offers a highly desirable layout and prime location, making it an easy-to-rent option for savvy investors or owner-occupants. At the front of the expansive lot, a cozy 2-bedroom, 1-bath house greets… Read More you with its inviting character. The front house offers a private garage and a dedicated laundry area. Step inside to find a comfortable living space with plenty of potential to make it your own home, or use as the premier rental unit of the five offerings. Behind the front house, you’ll find four (4) additional 1-bedroom, 1-bath units, each with its own covered front porch—perfect for enjoying Long Beach’s coastal breeze. One of these units was just beautifully remodeled and is now vacant, ready to welcome a new tenant or even a potential owner. The remodeled unit features wide plank light oak laminate flooring, custom built-in cabinetry in the living room, crisp white shaker kitchen cabinets, elegant quartz countertops, and stylish five-panel shaker doors. With new plumbing and abundant natural light, this unit stands out as a bright and modern living space, showcasing the possibilities with the remaining units. The other four units are tenant-occupied, offering steady income from day one, and they come with great potential for updates to further increase investment value. Each unit has its own separate electric and gas meter, adding convenience for both tenants and management. Situated on a spacious 6,674 sq. ft. lot, this property also boasts a recently replaced roof, and designation within the Historic District. The location is unbeatable—just 1.5 miles from Shoreline Village, where you’ll find a variety of dining and entertainment options. The iconic Queen Mary is only 2 miles away, and Drake Park, with its soccer fields, tennis courts, and playground, is within walking distance. Around the corner, you’ll also discover the Historic Bembridge House, adding a touch of local charm and history to the neighborhood. This property offers the perfect blend of modern updates, historic appeal, and prime location, making it a rare gem in Long Beach. Whether you’re looking to grow your investment portfolio or secure a steady income stream, 1070 Loma Vista Drive is a must-see. Don’t miss this incredible opportunity! Read Less

Property listed by Coldwell Banker Realty, Devin Lucas 949-478-1135

Listing Snapshot

Days Online

107

Last Updated

Mar 11, 2025

Property Type

Quadruplex

Lot Size

0.15 Acres

Year Built

1919

MLS Number

NP24251827

Additional Details

Property Access

Road frontage type: CityStreet, Road surface type: Paved

Appliances & Equipment

WaterHeater

Building

Built in 1919, Building area total: 2,644, Levels: One, 1 story, 2 buildings, Common walls: NoCommonWalls

Community

Curbs, Park, StreetLights, Sidewalks, Urban

Cooling

None

Expenses

Gardener expense: $650, Insurance expense: $563, Licenses expense: $313, Maintenance expense: $1,694, Operating expense: $7,547, Water sewer expense: $2,305, Other expense: $2,022

Fence

ChainLink

Fireplaces

None

Floors

Laminate, Tile

Garage

1 space

Heating

Electric, NaturalGas, WallFurnace

Income

Net operating income: $50,473

Interior Features

BuiltInFeatures, OpenFloorplan, QuartzCounters, StoneCounters, Storage, AllBedroomsDown, BedroomOnMainLevel, GalleyKitchen

Laundry

WasherHookup, ElectricDryerHookup, GasDryerHookup, Inside

Lot

0.1532 acres, 6,674 square feet, Size: 6,674, TwoToFiveUnitsAcre

Parking

3 open parking spaces, 4 totals parking, Driveway

Pool

None

Property

ParkGreenbelt, Neighborhood, River, TreesWoods

Security Features

SmokeDetectors, WindowBars

Sewer

PublicSewer

Spa

None

Tenant Pays

CableTv, Electricity, Gas, Telephone

Utilities

Standard, ElectricityAvailable, ElectricityConnected, SewerAvailable, SewerConnected, WaterAvailable, WaterConnected

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1070 Loma Vista Drive

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