810 N Loma Vista Dr Long Beach, CA 90813
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About this home
Don’t miss this rare opportunity in the Willmore City Historic District! Set on a large lot, this unique property features two spacious separate homes offering the perfect blend of location, charm, and income potential. Just minutes from the beach, dining, shopping, and entertainment—and with the Grand Prix and Olympics coming soon—this is coastal living at its finest. The primary residence, originally built in 1903, has been thoughtfully restored with modern upgrades while preserving its timeless Victorian character. Inside, you’ll find an open floor plan with five bedrooms, including two primary suites—one with an attached sunroom. The primary bathroom is beautifully finished with custom tile, a glass shower, and high-end fixtures. The upgraded kitchen boasts brand-new custom tall cabinets, quartz countertops, a glass brick-tile backsplash, a metal farm sink, and premium appliances. An in-house laundry room adds convenience. The second residence, built in 1924, is a spacious two-story home with two bedrooms, two bathrooms, a living room, separate family room, and its own laundry. Perfect as a rental, guest house, or multi-generational living space. These homes are situated kitty-corner from a park, offering outdoor enjoyment at your doorstep. Together, they provide endless possibilities—live in one and rent the other, create an extended family compound, or expand your investment portfolio. Rich in history, Long Beach began in 1880 with the vision of William Willmore. Today, the Willmore City Historic District continues to showcase that heritage, and this property is part of that story. Whether restored further or enjoyed as-is, it’s a rare chance to own a piece of Long Beach history while enjoying modern comfort and strong income potential.
Source: CRMLS #PW25188835
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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