1070 N Loma Vista Drive, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This Versatile 5-Unit Income Asset is listed at $1,147,800, a price reflecting its rare 5-unit density and Qualified Opportunity Zone tax benefits compared to its $1,091,868 Fair Market Value. The property maintains a Fair Condition Rating, featuring one recently updated unit with quartz countertops and four units offering significant value-add potential. Located in the historic Willmore District with direct views of Drake Park, the asset ensures strong rental demand and long-term appreciation. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1070 N Loma Vista Drive Subject | $1,147,800* List Price | 0 | 0 | 2,644 | $413 | - |
A 1364 Cherry Sold | $970,000 | 0 | 0 | 2,544 | $381 | 0.4 mi |
B 816 Cherry Sold | $1,175,000 | 0 | 0 | 2,600 | $452 | 0.4 mi |
C 501 W 8th Street Sold | $900,000 | 0 | 0 | 2,592 | $347 | 0.3 mi |
D 828 Maine Active | $999,500 List Price | 0 | 0 | 2,649 | $377 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1919, this 5-unit property is aged. While one unit has been beautifully remodeled with modern kitchen cabinets, quartz countertops, and new flooring, the description indicates the other four units require updates to maximize value. The overall property, including the exterior and non-remodeled units, reflects its age and a need for further investment, aligning with the 'Fair' category where a property is aged but maintained with some updates, and major components in most units show signs of being outdated.
Located in a Qualified Opportunity Zone, this property offers significant tax advantages for investors, enhancing its financial appeal.
A highly versatile 5-unit rental property (1 house, 4 apartments) providing diverse income streams and flexibility for owner-occupancy.
Unbeatable location just 1.5 miles from Shoreline Village, 2 miles from the Queen Mary, and walking distance to Drake Park, ensuring high rental demand.
Built in 1919, the property's age suggests potential for deferred maintenance and outdated systems in the non-remodeled units.
While one unit is updated, the description implies substantial capital investment is required for the remaining units to maximize rental income and property value.
Designation within a Historic District may impose limitations and increase costs or complexity for future renovations and exterior modifications.
Located in a Qualified Opportunity Zone, this exceptional investment opportunity sits 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 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. Of the other four units, three 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 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 N Loma Vista Drive is a must-see. Don’t miss this incredible opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,644 | 2,544 | 60% |
| Lot Size | 6,674 | 6,559 | 53% |
| Price | $1.15M | $1.02M | 67% |
| Price per sq ft | $434 | $425 | 60% |
| Built year | 1919 | 1922 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 164 | 20% |
Apr 1, 2026
$1,147,800
$1,149,900
+0% Price Increase
Initial Listing
Jan 16, 2026
$1,149,900
Initial Listing