1034 Newport Avenue

Long Beach, CA 90804

  • 7 Bed(s)
  • 5 Bath(s)
  • 4,170 Sqft
  • 6251
    Sqft(Lot)
$1,675,000

Description

4 units in a great lb location with a 91 walk score, nearby shopping, dining, rec park and more. attractive unit mix: 1-3br/2ba (single story), 2-2br/2ba (2 story townhouses) and 1-2br/1ba (2 story townhouse). most units remodeled with new floors, all units are spacious and with well appointed floorplans. all units have a separate water heater and all electric building. ample parking:(3) single car garages and (1) two car garage. garages had a brand new roof last year. onsite laundry facility and the entire property is gated and fully secured.



the property currently grosses approx $113,700 per year and is priced attractively at a real 4.31% cap (actual) and a 14.73 grm. at market rents the property is a 12.50 grm and 5.45% cap. approx 18% upside in current rents.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47927864

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1972
    • Building Area Total: 4,170

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1435
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6251

  • Listing Price Information

    • Original List Price: 1,675,000
    • Listing Contract Date: 2024-12-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7258008006

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 3 - Eastside, Circle Area
    • Directions: South of Anaheim and east of Redondo
    • Zoning: LBR4R
    • Source Property Type: Residential Income
    • Area: 3 - Eastside, Circle Area
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 52
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 03:57

  • MLS: SB24243567
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is for sale, it has 4,170 sqft, 6,251 sized lot, and 5 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90804, this Los Angeles County Home are nearby neighborhoods.