
Long Beach, California 90803
This Residential Income Duplex represents a Strong Value Opportunity, listed at $1,875,000—positioned slightly above the $1,863,056 Fair Market Value. While the property requires minor cosmetic updates to its Fair Condition Rating kitchens and laundry areas, its 1937 character, 4,160 sqft floor plan, and private yards offer immense potential. Located in the prestigious Long Beach Unified district near Lowell Elementary (9/10), this asset provides a rare "house hack" configuration. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 249 Loma Avenue Subject | $1,875,000* List Price | 6 | 4 | 4,160 | $449 | - |
A 223 Bennett Sold | $1,660,000 | 5 | 2 | 3,240 | $512 | 0.5 mi |
B 280 Park Sold | $1,580,000 | 0 | 0 | 3,552 | $445 | 0.8 mi |
C 221 Belmont Sold | $2,015,395 | 0 | 0 | 5,336 | $378 | 0.3 mi |
D 241 Lindero Avenue Pending | $1,800,000 List Price | 0 | 0 | 4,032 | $446 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the 1937 property is exceptionally well-maintained with pristine hardwood floors and character details, the visible kitchen and laundry areas feature cabinetry and tile work consistent with a renovation from 20-30 years ago. Per the criteria, the age of these updates and the dated aesthetic place it in the Fair category.
Elementary School: Lowell Elementary School (9/10).
Unlike traditional duplexes, this property functions as two separate residences with only one common wall, providing private yards, individual laundry, and dedicated garages for each unit.
Situated in the highly desirable Belmont Heights neighborhood, the property offers exceptional walkability to the beach, Belmont Shore, and local retail, ensuring high tenant demand and long-term value.
The 1937 original construction may necessitate higher ongoing maintenance costs or significant capital expenditures for updating aging systems compared to newer multifamily assets.
Each large residence is served by only a single-car garage, which may be insufficient for multi-vehicle households in a coastal neighborhood where street parking is notoriously competitive.
There’s something special about 249 Loma Avenue that’s becoming harder and harder to find in Belmont Heights... While technically a duplex, this property lives much more like two homes on one lot, offering a unique opportunity to own two separate residences in one of Long Beach’s most desirable coastal neighborhoods. Located just blocks from the beach, Belmont Shore, and the shops and restaurants of Belmont Heights, the property features two spacious homes connected by only one common wall. Each residence has its own private yard, dedicated outdoor space, individual laundry, and private single-car garage, creating a level of privacy and independence rarely found in multifamily properties. Whether you're an investor, owner-occupant, or looking for a multigenerational living solution, it's easy to see why properties like this are so rarely available. Built in 1937, both homes are filled with the character that makes Belmont Heights so desirable, including hardwood floors, crown molding, arched architectural details, abundant natural light, and generous living spaces. Together, the residences offer six bedrooms and a floor plan that appeals to families, professionals, and long-term tenants alike. What makes 249 Loma truly compelling is the flexibility it provides. Live in one home and offset your mortgage by renting the other. Create a long-term wealth-building investment in a neighborhood with limited multifamily inventory. Or, simply enjoy owning what feels like two homes for the price of one in a location where opportunities like this rarely come to market. In a neighborhood defined by character, walkability, and enduring demand, 249 Loma Avenue is more than an investment property, it's a chance to own a unique piece of Belmont Heights with income potential built right in.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 4,160 | 2,100 |
| Lot Size | 6,435 | 5,077.5 |
| Price | $1.88M | $1.14M |
| Price per sq ft | $451 | $519 |
| Built year | 1937 | 1950 |
| HOA | $0 | $0 |
| Days on market | 41 | 68 |
Jun 11, 2026
$1,875,000
Initial Listing
Apr 17, 2009
$900,000
Public Record