1365 Newport Avenue Long Beach, CA $ 3,240,000
1365 Newport Avenue
$ 3,240,000
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1365 Newport Avenue

Long Beach, CA, 90804
$ 3,240,000
Bedrooms17 Baths17.0 Sq 8,598

Monthly Estimate*

$ 22,632

Listed by The Moore Group
1365 Newport Avenue, Long Beach, CA 90804 - Image 1
1365 Newport Avenue, Long Beach, CA 90804 - Image 2
1365 Newport Avenue, Long Beach, CA 90804 - Image 3
1365 Newport Avenue, Long Beach, CA 90804 - Image 4
1365 Newport Avenue, Long Beach, CA 90804 - Image 5
1365 Newport Avenue, Long Beach, CA 90804 - Image 6
1365 Newport Avenue, Long Beach, CA 90804 - Image 7
1365 Newport Avenue, Long Beach, CA 90804 - Image 8
1365 Newport Avenue, Long Beach, CA 90804 - Image 9
1365 Newport Avenue, Long Beach, CA 90804 - Image 10

Multi-Family Home for sale in Long Beach, CA

for $3,240,000 with 17 bedrooms and 17 full baths. This 8,598 square foot home was built in 1987 on a lot size of 0.1375.

PRIME EAST SIDE LOCATION!! FIRST TIME ON THE MARKET IN 26 YEARS! PRIDE OF OWNERSHIP BUILDING GATED FULLY SECURED 80'S CONSTRUCTION BUILDING! MAJORITY OF THE UNITS HAVE BEEN UPGRADED AND FULLY REHABBED WITH NEW KITCHENS INCLUDING APPLIANCES, BATHROOMS, HARDWOOD FLOORS THROUGHOUT AND TILE IN BATHROOMS. GROUND FLOOR GATED COVERED PARKING LOT. ONSITE LAUNDRY ROOM WITH MACHINES OWNED BY SELLERS NOT LEASED EQUIPMENT WHICH BRINGS IN ADDITIONAL MONTHLY INCOME! UNITS ARE INDIVIDUALLY METERED FOR GAS AND ELECTRIC. TENANT PAYS UTILITIES. OWNER PAYS WATER. CLOSE DISTANCE TO CSULB, 2ND STREET, SHOPPING AND MORE!

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Multi-Family Active

Price

$ 3,240,000

Bedrooms

17

Full Bath

17

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.1375

Year Built

1987

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24017480

Days on Market

104

Features
General
Sewer PublicSewer
Heating WallFurnace
Appliances Dishwasher GasRange Microwave Refrigerator
Zoning LBR2N
HOA 0.0
Garage Spaces 14.0
Pool Features None
Year Built 1987
Tenant Pays Electricity Gas TrashCollection
View None
Levels ThreeOrMore
Property SubType Apartment
Gross Income 222540.0
Community Features Sidewalks
County Los Angeles
Net Operating Income 151327.0
Operating Expense 71213.0
Insurance Expense 2732.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Eastside (ES)
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Newport and Anaheim
City Long Beach
Disclosures RentControl
Entry Location ground floor
View Y/N N
Senior Community Y/N N
Total Units 9
MLS Area 3 - Eastside Circle Area
Lot Size Square Feet 5991.0
Private Pool N
Waterfront Y/N N
Carport Spaces 14.0
Carport Y/N Y
Number of Units Leased 9
Street Name Newport
Listing Terms CashtoNewLoan
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 2372.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 79
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 21
Total Actual Rent 18545.0
Property Sub Type Additional Apartment
Cap Rate 4.39
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Exterior
Parking Features Assigned ControlledEntrance Covered ElectricGate
Lot Features Item610UnitsAcre
Water Source Public
Total Parking 28.0
Lot Size Area 5991.0
Number of Buildings 1
Spa N
Building Area Total 8598.0
Lot Size Acres 0.1375
Lot Size Units SquareFeet
Lot Size Source Assessor
Pool Charge 0.0
Number of Separate Water Meters 1
Number of Separate Gas Meters 9
Number of Separate Electric Meters 9
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 3
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 1365
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* Excluded Features
List By
The Moore Group

Broker

(714) 809-7608

Phone

Affordability Calculator

$22,632
Per Month
100%
0%
0%
Monthly Principal & Interest
$22,632
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/27/2024$3,240,000 -5.26% Price Down
1/31/2024$3,420,000 Listed Price

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1365 Newport Avenue, Long Beach, CA, 90804 is a Multi-Family Home for sale at $3,240,000 with 8,598 sqft and a lot size of 0.1375. 1365 Newport Avenue has 17 bedrooms, 17.0 baths, and was built in 1987. The property's zip code is 90804 which is in Long Beach, CA