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1034 Newport Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Prime Long Beach location: 91 Walk Score, easy access to shopping, dining and recreational facilities
- Updated Units & Features: Three units recently remodeled with spacious layouts, individual water heaters, and electric-only utilities
- Strong Investment Appeal: Attractive 4.31% CAP rate (actual) and potential for 18% rent upside
- Ample Parking & Amenities: Includes three single-car garages, one two-car garage, onsite laundry and a fully gated, secure property
Property Facts
| No. Units | 4 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 6,251 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1972 |
| Zoning | LBR4R - Multiple Dwelling | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 6,251 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | LBR4R - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+2 | 2 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 7258-008-006 | Improvements Assessment | $393,687 |
| Land Assessment | $933,018 | Total Assessment | $1,326,705 |
Property Taxes
Parcel Number
7258-008-006
Land Assessment
$933,018
Improvements Assessment
$393,687
Total Assessment
$1,326,705
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