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265 Newport Ave, Long Beach, CA 90803
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265 Newport Ave Long Beach, CA 90803

$1,535,000 Sold Price as of 12/22/2020
  • 8 Beds
  • 8 Baths
  • 4,000 Sq.Ft.
Sold
$1,535,000 Sold Price as of 12/22/2020 Refinance Your Mortgage
Map preview of 265 Newport Ave, Long Beach, CA 90803

Property Overview: 265 Newport Ave Long Beach, CA has 8 bedrooms, 8 bathrooms, 4,000 living square feet and 6,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Belmont Heights location! 4 nice two-story units, townhouse style, each with two bedrooms, one full bath, and one half bath. Tenancy is consistent, and currently under market at approximately $1,690 (three units) and $1,950 (one unit). Three garages, laundry room, and several parking spaces on the lot. This excellent location features a short walk or ride to the Bluff, Belmont Pier, beaches, shopping and dining options, and transportation corridors. Nicely maintained units, nice building, great location!

Listed by Gregory Ernst | BRE #01305906 | So Cal Dwell
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
6,500
HOA Dues
$0/mo
Year built
1965
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20218458
City
Long Beach
County
Los Angeles
Time on Site
1432 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,690
  • Total Rent: $1,690
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,690
  • Total Rent: $1,690
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,690
  • Total Rent: $1,690
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $84,240
  • Net Operating Income: $74,195
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Laundry Income: $180
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $10,045
  • Electric: $600
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $1,200
  • Insurance: $1,765
  • Water/Sewer: $3,064

Property Details for 265 Newport Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community, Individual Room, Outside
Room Information
  • Flooring: Carpet, Laminate
  • All Bedrooms Up
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7257030017
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: North of Ocean Blvd, east of Redondo, south of 4th Street.
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 265 Newport Ave

Last sold for $1,535,000 on December 23rd, 2020

  • December, 2020

  • Dec 24, 2020

    Date

    Sold

    CRMLS: PW20218458

    $1,535,000

    Price

  • Dec 8, 2020

    Date

    Pending

    CRMLS: PW20218458

    $1,590,000

    Price

  • Nov 18, 2020

    Date

    Active Under Contract

    CRMLS: PW20218458

    $1,590,000

    Price

  • Oct 17, 2020

    Date

    Active

    CRMLS: PW20218458

    $1,590,000

    Price

  • December, 2020

  • Dec 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,535,000

    Price

  • June, 2007

  • Jun 11, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,180,000

    Price

Show More

Tax History for 265 Newport Ave

Assessed Value (2020): $1,445,569
Year Land Value Improved Value Assessed Value
2020 $918,796 $526,773 $1,445,569

Home Value Compared to the Market

This property vs the competition

265 Newport Ave sold on December 22, 2020 for 94.14% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $397.5 per/sqft which puts the price per square foot 36.7% lower than the current median sale per square foot for the city of Long Beach.

About 265 Newport Ave

Detailed summary of property

265 Newport Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,000 living square feet, and sits on an approximately 6,500 square foot lot. 265 Newport Ave was first listed on ArdentRealEstateGroup.com on October 17, 2020. The homeowner sold the property for $1,535,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 94.14% higher than the current median priced home. Local homes that are currently for sale include 187 Roycroft Ave, 208 Park Ave and 5101 E 1st St. While the average home in Long Beach, CA is selling in 62 days, 265 Newport Ave has a days on market of 27 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 265 Newport Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 265 Newport Ave

Public county record property details
Beds
8
Baths
8
Year built
1965
Sq. Ft.
4,000
Lot Size
6,500
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
7257-030-017

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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