249 Loma Avenue
Long Beach, CA, 90803
$1,875,000
MLS: PW26126171
Beds
6
Baths
4
Sq Ft
4,160
Lot
0.15 ac
Year Built
1937
MLS #
PW26126171
Days on Market
1
Listed
Jun 11, 2026
Description
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.
Location
Long Beach, Los Angeles County, CA 90803
Open on Google Maps ↗Listed by: Ben Fisher · California Real Estate Company
Payment estimate
$13,645
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $187,500 · Loan: $1,687,500
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $10,688
- Property tax (1.25%)
- $1,953
- Homeowners insurance
- $300
- Mortgage insurance
- $703
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $65,625 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Long Beach, CA 90803 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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