437 Newport Avenue

Long Beach, CA 90814

$1,570,000
Last Sold Price
9
Beds
7
Baths
4,605 Sq. Ft.
$341 / Sq. Ft.
4,605
Sq. Ft.
$341
per Sq. Ft.

Description

Excellent opportunity to own a 4-plex apartment building (statewide) in the heart of Long Beach, CA. Close to Long Beach State University, 10 minutes to the beach, minutes away to the Veteran's hospital, and close to freeways. A great value complex. Unit 1 offers appox 1800 sqft., 3 Bed/2 Bath, fireplace, and 2 car detached garage. Unit 2 offers 1100 sqft., 2 Bed/ 1 Bath, and 1 car detached garage. Unit 3 offers 1395 sqft., 2 Bed/ 1.5 Bath, and 1 car detached garage. Unit 4 offers 1395 sqft., 2 Bed/1.5...Excellent opportunity to own a 4-plex apartment building (statewide) in the heart of Long Beach, CA. Close to Long Beach State University, 10 minutes to the beach, minutes away to the Veteran's hospital, and close to freeways. A great value complex. Unit 1 offers appox 1800 sqft., 3 Bed/2 Bath, fireplace, and 2 car detached garage. Unit 2 offers 1100 sqft., 2 Bed/ 1 Bath, and 1 car detached garage. Unit 3 offers 1395 sqft., 2 Bed/ 1.5 Bath, and 1 car detached garage. Unit 4 offers 1395 sqft., 2 Bed/1.5 Bath, and 1 car detached garage. See current rent schedules. Tenant paid community laundry. Tenant pays own electric and water. Trash and sewer is added onto tenant's rent. All electric units, no gas. Wall heaters, some ceiling fans, and roof Is in good condition. Please follow all guidelines pertaining to COVID-19 regulations.
  1. Listed by Serina Ortiz-Tomlinson • DRE #01152416 • Brokerage DRE #00906060 • Rancon Real Estate

Property Details for 437 Newport Avenue

Architectural Style
See Remarks
View
City Lights, Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
Other/Remarks
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Rancon Real Estate, Serina Ortiz-Tomlinson, DRE #01152416

Sold By RE/MAX PREMIER/ARCADIA, RHEA BAI, DRE #01360246

Add your commute
LISTING UPDATED: 01/05/2021 06:03 AM

Property Details for 437 Newport Avenue

StatusClosed
MLS #SW20201326
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.15 AC / 6,750 SF
CountyLos Angeles County

Location

Listing Courtesy of Rancon Real Estate, Serina Ortiz-Tomlinson, DRE #01152416

Sold By RE/MAX PREMIER/ARCADIA, RHEA BAI, DRE #01360246

Add your commute

Building Information for 437 Newport Avenue

Stories2Residences-Year Built1971Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$10,345 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,568

Property Taxes

$1,777

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 437 Newport Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Electricity, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $87,132
  • Gross Scheduled Income: $87,132
  • Gross Equity: $87,132
  • Net Operating Income: $74,652
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $12,480
  • New Taxes Expense: $6,276
  • Gardener Expense: $720
  • Fuel Expense: $0
  • Insurance Expense: $2,034
  • Trash Expense: $1,250
  • Water Sewer Expense: $2,200
  • Total Expenses: $12,480
Tax / Assessment Info
  • Tax Year: 2016
  • Tax Annual Amount: $5,507
  • Tax Tract Number: 05500
  • Tax Census Tract: 5507
  • Tax Lot: 16
Community / Development
Community / Development
  • Accessibility Features: Doors - Swing In
  • Disability Access: Doors - Swing In
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Cooktop, Electric Water Heater, Disposal
  • Equipment: Dishwasher, Room
  • Interior Features: Ceiling Fan(s), Unfurnished
  • Room Type: Entry, Kitchen, Living Room
  • Water Heater Features: Electric
  • Water Heater Type: Electric
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Fireplace Features: See Remarks
  • Fireplace Rooms: Other
  • Cooling: See Remarks
  • Heating Type: Electric
  • Heat Source: Electric
  • Heating: Wall Furnace, Electric
  • Flooring: Carpet, Vinyl
Exterior Features
  • Door Features: Double Door Entry, Sliding Doors
  • Window Features: Blinds, Screens
  • Security Features: Smoke Detector(s)
  • Construction Materials: Concrete, Drywall Walls, Plaster
  • Exterior Construction: Concrete, Plaster
  • Exterior Features: Lighting, Rain Gutters
  • Roof: Composition, Shingle
  • Fence: Yes
  • Fence: Wood
  • Fencing: Average Condition, Block, Wood
  • Foundation Details: Slab
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corners Marked, Landscaped, Level with Street, Lot 6500-9999, Level, Near Public Transit, Park Nearby, Paved, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Maintained, Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Built-In Storage, Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned, Built-In Storage, Concrete, Garage
Property / Structure Info
  • Builders Tract Name: Belmont Park
  • Builders Tract Code: Belmont Park (BP)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,525
  • Unit Type Total Rent: $30,300
  • Unit Type Pro Forma: 30108
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $20,400
  • Unit Type Pro Forma: 20400
  • 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: $1,971
  • Unit Type Total Rent: $23,652
  • Unit Type Pro Forma: 22452
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,871
  • Unit Type Total Rent: $22,452
  • Unit Type Pro Forma: 22452
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1

Property History for 437 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 437 Newport Avenue

Taxable ValueLand$1,040,400Additions$593,028Total$1,633,428
Tax Record2023$21,327 ($1,777 / month)
Home Facts
Total Finished SqFt4,605 SqFtAbove Grade Finished SqFt4,605 SqFtLot Size6,751 SqFtStyleQuadraplexYear Built1971ZoningLBR34CountyLOS ANGELESAPN7257-002-017

Schools near 437 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
Mann 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.

Similar Homes

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Similar Sold Homes

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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 Rancon Real Estate, Serina Ortiz-Tomlinson, DRE #01152416

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.