Log In/Sign Up
Your email has been sent.
1117-1125 Loma Ave 6 Unit Apartment Building $1,771,042 CAD ($295,174 CAD/Unit) 5.85% Cap Rate Long Beach, CA 90804
Investment Highlights
- Value-Add Opportunity with Substantial Upside in Rents
- Strong Rental Location Near Recreation Park, Long Beach State and Wilson High School
- Nearby Retail Amenities Include Starbucks, Sprouts & LA Fitness
- New Electrical Panels
- Desirable Mix of Spacious 1, 2 & 4-BR Units
- Long-Term Ownership - Motivated Sellers
Executive Summary
Morgan Skenderian Investment Real Estate Group proudly presents 1117-1125 Loma Avenue, nestled in the desirable Recreation Park neighborhood of Long Beach. This property consists of (4) 1-bedroom/1-bathroom single-story units in the front building, and in the back building, a spacious 4-bedroom/1-bathroom and a 2-bedroom/2-bathroom apartment. Additionally, the property boasts new electrical panels. 1117-1125 Loma Avenue offers the new owner a well-located property with substantial rental upside.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$163,127
|
$38.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,893
|
$1.15
|
| Effective Gross Income |
$158,234
|
$37.23
|
| Taxes |
$23,547
|
$5.54
|
| Operating Expenses |
$31,062
|
$7.31
|
| Total Expenses |
$54,610
|
$12.85
|
| Net Operating Income |
$103,624
|
$24.38
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $163,127 |
| Annual Per SF | $38.38 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,893 |
| Annual Per SF | $1.15 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $158,234 |
| Annual Per SF | $37.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,547 |
| Annual Per SF | $5.54 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,062 |
| Annual Per SF | $7.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $54,610 |
| Annual Per SF | $12.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $103,624 |
| Annual Per SF | $24.38 |
Property Facts In Escrow
| Price | $1,771,042 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $295,174 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.85% | Building Size | 4,250 SF |
| Gross Rent Multiplier | 10.86 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment |
| Price | $1,771,042 CAD |
| Price Per Unit | $295,174 CAD |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| Gross Rent Multiplier | 10.86 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,250 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1931 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,056 CAD | - |
| 2+2 | 1 | $2,393 CAD | - |
| 4+1 | 1 | $2,940 CAD | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7259-014-018 | Total Assessment | $503,682 CAD |
| Land Assessment | $293,818 CAD | Annual Taxes | $23,547 CAD ($5.54 CAD/SF) |
| Improvements Assessment | $209,863 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
7259-014-018
Land Assessment
$293,818 CAD
Improvements Assessment
$209,863 CAD
Total Assessment
$503,682 CAD
Annual Taxes
$23,547 CAD ($5.54 CAD/SF)
Tax Year
2025
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1117-1125 Loma Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.