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351 Newport Ave, Long Beach, CA 90814
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351 Newport Ave Long Beach, CA 90814

$1,800,000 Sold Price as of 11/01/2022
  • 5 Beds
  • 2.75 Baths
  • 3,192 Sq.Ft.
Sold
$1,800,000 Sold Price as of 11/01/2022 Refinance Your Mortgage
Map preview of 351 Newport Ave, Long Beach, CA 90814

Property Overview: 351 Newport Ave Long Beach, CA has 5 bedrooms, 2.75 bathrooms, 3,192 living square feet and 5,275 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Gorgeous Craftsman Triplex in Belmont Heights that sits on a bright corner lot and features TWO large 2 bed, 1 bath units and ONE adorable 1 bed, 1 bath unit. The 1920’s charm is highlighted by all the natural light in the units, hardwood floors throughout and individual laundry rooms in each unit. The TWO 2 bed, 1 bath units have updated kitchen and bathrooms, formal living rooms and dining rooms plus office spaces or dens. The charming 1 bed, 1 bath unit features a private entrance with cozy private courtyard, and updated kitchen and bath. Additionally, the building has full copper plumbing, and two 1-car garages plus another parking space for 1 parking per unit. Located just minutes from the beach, close to the major freeways and lots of fun restaurants and shopping. All units are tenant occupied, please do not disturb tenants.

Listed by Kym Elder | BRE #01320231 | Coldwell Banker Realty
Last checked: 52 seconds ago | Last updated: December 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
5,275
HOA Dues
$0/mo
Year built
1919
Garage
2 Car
Property Type:
Triplex
Status
Sold
MLS#
PW22195398
City
Long Beach
County
Los Angeles
Time on Site
744 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,540
  • Net Operating Income: $54,990
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $26,550
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $20,000
  • Trash: $600
  • Gardener: $1,800
  • Insurance: $2,350
  • Water/Sewer: $1,800

Property Details for 351 Newport Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • Basement, Den, Laundry, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Refrigerator, Water Heater
Interior Features
  • Balcony, Built-in Features, Open Floorplan
  • Levels: Two
  • Window Features: Wood Frames
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Corner Lot, Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 7257015026
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Foundation Details: Raised
  • Property is not Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: Heading west on Colorado St. on the right side of Newport and Colorado St.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 351 Newport Ave

Last leased for $3,000 on December 21st, 2022

  • December, 2022

  • Dec 21, 2022

    Date

    Leased

    CRMLS: PW22254451

    $3,000

    Price

  • Dec 12, 2022

    Date

    Active

    CRMLS: PW22254451

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Gorgeous Classic Craftsman in Belmont Heights Located on the Ground Floor with 2 Large Bedrooms Each with Walk-In Closets, Plus a Den/Office and a Large Stunning Remodeled Bathroom. With approximately 1,400SqFt of Living Space this beautiful Unit is Located on a Corner Lot so there is a ton of Natural Light! Features include Hardwood Floors Throughout, an Expansive Living Room and Formal Dining Room area with a beautiful built-in Hutch. The Kitchen has been remodeled and Includes a newer Stainless Steel Fridge, Oven, and Brand New Dishwasher, Custom Cabinets and Counter Tops. Off of the Kitchen is an Office Area or Space that could be used as a Den. This Unit also Includes a Separate Inside Laundry Room with Washer and Dryer Hookups, a Shared Side Patio, Full Copper Plumbing, and a Private 1 Car Garage with an additional space in front the garage. Minimum of 1 year lease. Do Not Disturb Occupants!

  • November, 2022

  • Nov 1, 2022

    Date

    Sold

    CRMLS: PW22195398

    $1,800,000

    Price

  • Sep 6, 2022

    Date

    Active

    CRMLS: PW22195398

    $1,750,000

    Price

  • May, 2021

  • May 10, 2021

    Date

    Leased

    CRMLS: PW21087903

    $2,800

    Price

  • Apr 26, 2021

    Date

    Active

    CRMLS: PW21087903

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Absolutely Stunning Craftsman Unit in a Triplex Building in Belmont Heights. This Gorgeous Upstairs Unit Features 2 Large Bedrooms Plus an Office, and 1 Spacious Remodeled Full Bathroom a Large Open Concept Living Room, Dining Room & a Remodeled Kitchen with TONS of cabinet and drawer space. This unit has Engineered Hardwood Floors Throughout, Inside Laundry Room with Hookups & Storage, Large Private Balcony with Treetop Views, 1-Car Private Garage Plus an additional Parking Space. $2,800/Month.

  • July, 2019

  • Jul 29, 2019

    Date

    Leased

    CRMLS: PW19165904

    $2,495

    Price

  • Jul 23, 2019

    Date

    Pending

    CRMLS: PW19165904

    $2,495

    Price

  • Jul 12, 2019

    Date

    Active

    CRMLS: PW19165904

    $2,495

    Price

  • Listing provided courtesy of CRMLS

    Gorgeous Craftsman in the Belmont Heights area with 2 Large Bedrooms Each with Walk-In Closets, and a Large Stunning Remodeled Bathroom. With approximately 1,250SqFt of Living Space this beautiful Unit is Located on a Corner Lot so there is a ton of Natural Light! Features include Hardwood Floors Throughout, a Living Room and Formal Dining Room area with a beautiful built-in Hutch. The Kitchen has been remodeled and Includes a Stainless Steel Fridge, Oven, and Dishwasher, Custom Cabinets and Counter Tops. Off of the Kitchen is a Office Area or Space that could be used for a Den. This Unit also Includes a Large Inside Laundry Room with Washer and Dryer Hookups, a Shared Side Patio, Full Copper Plumbing, and a Private 1 Car Garage.

  • October, 2012

  • Oct 16, 2012

    Date

    Sold (Public Records)

    Public Records

    $975,000

    Price

  • October, 2012

  • Oct 16, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 351 Newport Ave

Assessed Value (2020): $1,098,250
Year Land Value Improved Value Assessed Value
2020 $760,037 $338,213 $1,098,250

Home Value Compared to the Market

This property vs the competition

351 Newport Ave sold on November 1, 2022 for 113.68% 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 $548.25 per/sqft which puts the price per square foot 12.7% lower than the current median sale per square foot for the city of Long Beach.

About 351 Newport Ave

Detailed summary of property

351 Newport Ave is a triplex that recently sold in Long Beach, CA 90814. This triplex offered 5 bedrooms, 2.75 bathrooms, roughly 3,192 living square feet, and sits on an approximately 5,275 square foot lot. 351 Newport Ave was first listed on ArdentRealEstateGroup.com on September 6, 2022. The homeowner sold the property for $1,800,000. 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 113.68% higher than the current median priced home. Local homes that are currently for sale include 187 Roycroft Ave, 1147 Ximeno Ave and 1147 Ximeno Ave. While the average home in Long Beach, CA is selling in 62 days, 351 Newport Ave has a days on market of 7 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 351 Newport Ave Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 351 Newport Ave

Public county record property details
Beds
5
Baths
3
Year built
1919
Sq. Ft.
3,192
Lot Size
5,300
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
22,23
APN
7257-015-026

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$642
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$596
Total Inventory
45
Median Sale to List Price %
106.54%
Avg Days on Market
31
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (35.71%)

Thinking of Selling?

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Recently Sold Homes Near 351 Newport Ave

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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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