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    754 Newport Avenue

    Long Beach, CA 90804
    • $1,479,000
    • STATUS: Active Under Contract
    • ON SITE: 47 days
    • ID#: PW20255103
    Under Contract
    UPDATED: 29 min ago
    $1,479,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,453
      SQFT
    • $332
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    Description

    Excellent opportunity to own a prime fourplex located in the desirable historic Rose Park district of Long Beach, close to Cal State Long Beach and a short hop to Recreation Golf Course, the Colorado Lagoon and Belmont Shore. This is a +G+Tenant magnet+G- building offering four townhouse units and for added privacy; private balcony/patio, inside laundry in each unit complete with washer and dryer, and two Master units with fireplaces. Two(2) 2BR/2BA units, One(1) mini-master with 2BR/2.5BA and fireplace and one(1) very large 3BR/2BA +G+owners+G- unit with an impressive stone FP; upstairs master bedroom and two of the bedrooms downstairs, ideal for a mom-in-law. This 3BR unit has recently been completely remodeled with new flooring, paint, granite countertops, vanities, lighting and so much more. Units A&B have updated flooring and Unit A has Quartz countertops. The total interior square footage is 4,453 making these units very LARGE and comfortable. Tenants pays gas & electric keeping Seller expenses low and minimal. This is an incredible asset, most especially at today+GGs interest rates, and is the epitome of everything that is great about multifamily investing in SoCal. As an investor, the location, the lifestyle, and the income this property generates are hard to ignore.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-03T00:28:36.71. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mint Real Estate. Licensed in the State of California, USA.

    www.mymintrealestate.com/homes/113258734
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    754 Newport Avenue Long Beach, CA 90804

    • Price: $1,479,000
    • Status: Active Under Contract
    • Updated: 29 min ago
    • ID#: PW20255103
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,453
    SQFT
    $332
    $/SQFT
    1987
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    Excellent opportunity to own a prime fourplex located in the desirable historic Rose Park district of Long Beach, close to Cal State Long Beach and a short hop to Recreation Golf Course, the Colorado Lagoon and Belmont Shore. This is a +G+Tenant magnet+G- building offering four townhouse units and for added privacy; private balcony/patio, inside laundry in each unit complete with washer and dryer, and two Master units with fireplaces. Two(2) 2BR/2BA units, One(1) mini-master with 2BR/2.5BA and fireplace and one(1) very large 3BR/2BA +G+owners+G- unit with an impressive stone FP; upstairs master bedroom and two of the bedrooms downstairs, ideal for a mom-in-law. This 3BR unit has recently been completely remodeled with new flooring, paint, granite countertops, vanities, lighting and so much more. Units A&B have updated flooring and Unit A has Quartz countertops. The total interior square footage is 4,453 making these units very LARGE and comfortable. Tenants pays gas & electric keeping Seller expenses low and minimal. This is an incredible asset, most especially at today+GGs interest rates, and is the epitome of everything that is great about multifamily investing in SoCal. As an investor, the location, the lifestyle, and the income this property generates are hard to ignore.
    Exterior Features

    Foundation Details Slab Garage Spaces 7.00 Lot Features 0-1 Unit/AcreLawnRectangular LotLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedGarageGarage - Single Door Parking Total 7.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherDisposalGas OvenRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central AirWall/Window Unit(S)Gas Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring CarpetVinyl Heating Wall FurnaceFireplace(S) Heating YN Yes Interior Features BalconyBlock WallsCathedral Ceiling(S)Ceiling Fan(S)Granite CountersHigh CeilingsLiving Room BalconyOpen FloorplanTile Counters Laundry Features Dryer IncludedIn ClosetUpper LevelWasher Included Levels Two Room Type KitchenLaundryLiving RoomMaster BathroomMaster BedroomTwo Masters Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 50.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 600.00 Gross Income 102240.00 Gross Scheduled Income 102240.00 Insurance Expense 1610.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Net Operating Income 80734.00 New Construction YN No New Taxes Expense 16800.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Dishwasher 4 Number With Disposal 4 Number With Range 4 Number With Refrigerator 4 Operating Expense 21505.20 Property Sub Type Quadruplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Subdivision Name Other Eastside (Es) Tenant Pays ElectricityGas Total Actual Rent 8535.00 Total Expenses 21505.20 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 2445.20 Water Source Public Year Built Source Public Records Zoning Lbr3s

    Listing provided courtesy of Ryder Cotton of Keller Williams Coastal Prop. and Cheryl Cotton of Keller Williams Coastal Prop.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-03T00:28:36.71. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mint Real Estate. Licensed in the State of California, USA.

     
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