1034 Newport Avenue
$1,675,000
7
7
4,170
4,170
$402
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...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.
- Listed by Brian Estes • DRE #01394559 • Brokerage DRE #01508014 • Re/Max Commercial & Investment • 310-963-2894
Property Details for 1034 Newport Avenue
Parking Spaces Total
5
Private PoolNo
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4170
Assessor Parcel Number7258-008-006
Property Attached YNtrue
LISTING UPDATED: 12/04/2024 04:36 AM
Property Details for 1034 Newport Avenue
Status | Active |
---|---|
MLS # | SB24243567 |
Days on Market | 14 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1972 |
Lot Size | 0.14 AC / 6,251 SF |
County | Los Angeles County |
Building Information for 1034 Newport Avenue
Stories2Residences-Year Built1972Building Size-Lot Size0.14 AC / 6,251 SF
Property Information for 1034 Newport Avenue
Property History for 1034 Newport Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1034 Newport Avenue
Taxable ValueLand$914,724Additions$385,968Total$1,300,692
Tax Record2024$17,086 ($1,424 / month)
Home Facts
Total Finished SqFt4,170 SqFtAbove Grade Finished SqFt4,170 SqFtLot Size6,251 SqFtStyleQuadraplexYear Built1972ZoningLBR4RCountyLOS ANGELESAPN7258-008-006
Schools near 1034 Newport Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Willard Elementary School PublicK to 5 | ||
Jefferson Leadership Academies School Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Richard D. Browning High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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