844 Loma Avenue

Off Market

844 Loma Avenue

Long Beach CA 90804

6760 sq. ft.

Multi-Family

Last sold for $960,000

RICHARD DASKAM, last sold this property on 06 March 2026 after 155 days on market.

Overview

Welcome to 844 Loma Avenue, a rare investment opportunity located in the desirable Eastside Circle Area of Long Beach. This residential income property offers three units across a spacious 3,048 square feet of living area on a generous 6,760 square foot lot. The private parking lot in the rear of building can hold 6 vehicles. Built in 1988, the building combines modern construction with strong rental appeal, making it an excellent choice for both seasoned investors and those looking to expand their portfolio. The property features one three-bedroom, one-bath unit and two one- bedroom units. Each unit is individually metered for gas and electricity, giving tenants responsibility for their own utilities while reducing operating expenses for the owner. Current rental income provides steady cash flow with upside potential in this high-demand area. Interior highlights include a spacious floor plan, a large living room with fireplace, and laundry hookups inside each unit for tenant convenience. The 3 brm unit is 1,500 square feet and includes a family room with fireplace, while the 1 brm units average 750 square feet, offering comfortable living spaces for a variety of tenant needs. The property has been thoughtfully designed to maximize privacy, with no shared common walls and ample separation between units. The exterior of the building is situated on a quiet residential street lined with sidewalks and mature trees, yet it remains close to major transportation routes, shopping, schools, and recreation. Tenants enjoy the convenience of being near public transit, as well as the walkable nature of the neighborhood. The lot offers potential flexibility for improvements, subject to city requirements. Operating costs remain low, supported by modest expenses for insurance, water, and landscaping. Long Beach continues to attract investors due to its strong rental market, employment base, and proximity to beaches, downtown, and freeways. Properties in this area are highly sought after, both for their rental stability and long-term appreciation potential. This is an excellent chance to acquire a well-positioned, income-generating property in a growing coastal city. Do not miss the opportunity to add this triplex to your portfolio.

Features

5 bedrooms

3 bathrooms

6760 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 5 bedroom multi families sold in Long Beach over the last 12 months, the estimated median property value of 844 Loma Avenue is $1.13m.

Median value

$1.13m

Estimated value range

$930k - $1.3m

Median days on market

Estimated value trend

-22%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Long Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 844 Loma Avenue

2026

Sold

$960,000

06 Mar 2026 by RICHARD DASKAM, of Circle Real Estate

Happy sellers in Long Beach

We have insufficient information to provide an overview of customer satisfaction for Long Beach. Viewing the agent profiles, reviews and sales for Long Beach can provide insights for this location.

Local market activity for 5 bedroom multi families in Long Beach

In the last 12 months, 6 five-bedroom multi families similar to 844 Loma Avenue, have been sold.

This represents a 75% decrease in five-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Long Beach for a market analysis.

Virginia Hernandez

at CENTURY 21 Allstars

(132 reviews)

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at COMPASS CALIFORNIA

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Carmen Sosa

at Realty ONE Group United | Long Beach

(17 reviews)

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Nearby agents

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Virginia Hernandez

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