1365 Newport Avenue

Long Beach, CA 90804

$3,240,000
Price
17
Beds
17
Baths
8,598 Sq. Ft.
$377 / Sq. Ft.
8,598
Sq. Ft.
$377
per Sq. Ft.

Description

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....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!
  1. Listed by Kristina Moore • DRE #01926377 • Brokerage DRE #01926377 • The Moore Group • 7148097608

Property Details for 1365 Newport Avenue

View
None
Parking Spaces Total
28
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8598
Assessor Parcel Number
7259-010-024

Location

Listing Courtesy of The Moore Group, Kristina Moore, DRE #01926377
Add your commute
LISTING UPDATED: 04/19/2024 06:27 AM

Property Details for 1365 Newport Avenue

StatusActive
MLS #PW24017480
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
CountyLos Angeles County

Location

Listing Courtesy of The Moore Group, Kristina Moore, DRE #01926377
Add your commute

Building Information for 1365 Newport Avenue

Building/Complex1365 Newport AveFloor-Stories3Residences-Pet Policy-Year Built1987Building Size-

Payment Calculator

$18,354 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,682

Property Taxes

$672

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1365 Newport Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $222,540
  • Gross Scheduled Income: $220,540
  • Net Operating Income: $151,327
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Gross Multiplier: 15.5
  • Cap Rate: 4.39
Expense Details
  • Operating Expense: $71,213
  • Gardener Expense: $2,400
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $548
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,732
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $2,372
  • Supplies Expense: $0
  • Total Expenses: $71,213
Tax / Assessment Info
  • Tax Block: B
  • Tax Tract Number: 5751
  • Tax Census Tract: 5751.03
  • CFD/Mello-Roos Fee: $1,777
  • Tax Lot: 21
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Equipment: Community, Dishwasher, Microwave, Refrigerator
  • Laundry: Yes
  • Laundry Features: Community
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: ground floor
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 14
  • Parking: Yes
  • Parking Garage: Assigned, Auto Driveway Gate, Controlled Entrance
  • Parking Garage Spaces: 14
  • Carport Spaces: 14
  • Parking Features: Assigned, Auto Driveway Gate, Controlled Entrance, Covered
Property / Structure Info
  • Builders Tract Name: Eastside
  • Builders Tract Code: Eastside (ES)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,581
  • Unit Type Total Rent: $1,581
  • Unit Type Pro Forma: 1707
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2322
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2430
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2160
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2322
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2322
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,095
  • Unit Type Total Rent: $2,095
  • Unit Type Pro Forma: 2263
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2430
  • Unit Type Type: 8
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,919
  • Unit Type Total Rent: $1,919
  • Unit Type Pro Forma: 2073
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 9
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 1365 Newport Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1365 Newport Avenue

Taxable ValueLand$117,392Additions$383,527Total$500,919
Tax Record2023$8,068 ($672 / month)
Home Facts
Total Finished SqFt8,598 SqFtAbove Grade Finished SqFt8,598 SqFtLot Size5,991 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningLBR2NCountyLOS ANGELESAPN7259-010-024

Schools near 1365 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
Bryant 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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1365 Newport Avenue is a multi-family home for sale in Long Beach, CA 90804. This property was listed for sale on January 31, 2024 by The Moore Group, it's currently listed at $3,240,000. This listing's school district is Long Beach Unified School District. Nearby schools include Bryant Elementary School, Jefferson Leadership Academies School and Wilson High School. 1365 Newport Avenue is a 17-bed, 17-bath, 8,598 sqft multi-family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Moore Group, Kristina Moore, DRE #01926377

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.