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437 Newport Ave Long Beach, CA 90814

$1,570,000 Sold Price as of 01/04/2021

9 Beds
7 Baths
4,605 Sq.Ft.

Sold

$1,570,000 Sold Price as of 01/04/2021 Refinance Your Mortgage

Map preview of 437 Newport Ave, Long Beach, CA 90814

Property Overview: 437 Newport Ave Long Beach, CA has 9 bedrooms, 7 bathrooms, 4,605 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Serina Ortiz-Tomlinson | BRE #01152416 | Rancon Real Estate

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft: 6,750
HOA Dues: $0/mo
Year built: 1971
Garage: 4 Car
Property Type:: Fourplex

Status: Sold
MLS#: SW20201326
City: Long Beach
County: Los Angeles
Time on Site: 1450 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: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,525
Total Rent: $30,300
Pro Forma/Market Rent: $30,108

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,700
Total Rent: $20,400
Pro Forma/Market Rent: $20,400

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,971
Total Rent: $23,652
Pro Forma/Market Rent: $22,452

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,871
Total Rent: $22,452
Pro Forma/Market Rent: $22,452

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $87,132
Net Operating Income: $74,652
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $12,480
Gas/Fuel: $0
New Taxes: $6,276
Trash: $1,250
Gardener: $720
Insurance: $2,034
Water/Sewer: $2,200

Property Details for 437 Newport Ave

Interior Features

Cooling Information

Has Cooling
See Remarks

Heating Information

Has Heating
Wall Furnace, Electric

Laundry Information

Has Laundry
Common Area, Individual Room

Fireplace Information

Has Fireplace
See Remarks

Room Information

Flooring: Carpet, Vinyl
Entry, Kitchen, Living Room

Kitchen Information

Has Appliances
Dishwasher, Electric Cooktop, Electric Water Heater, Disposal

Interior Features

Ceiling Fan(s), Unfurnished
Levels: Two
Window Features: Blinds, Screens
Security Features: Smoke Detector(s)
Door Features: Double Door Entry, Sliding Doors

Exterior Features

Exterior Information

Roof: Composition, Shingle
Lighting, Rain Gutters
Has Fence
Average Condition, Block, Wood

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 4
Has Parking
Parking Features: Assigned, Built-In Storage, Concrete, Garage

Lot Information

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
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Has View
View: City Lights, Neighborhood
Common Walls: No Common Walls
Total # of Units: 4
Parcel Number: 7257002017
Year Built Source: Assessor
Architectural Style: See Remarks
Foundation Details: Slab
Property is not Attached
Accessibility Features: Doors - Swing In

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public
Utilities: Cable Available, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected

Assessment Information

Has Assessments
Assessments: Unknown

Location / Neighborhood

Location Information

Subdivision Name: Belmont Park (BP)
Directions: 22W - Continue onto E 7th St. - To Loma Ave. - To E. 6th St. - To Newport Ave.
Road Frontage Type: City Street
Road Surface Type: Maintained, Paved

Neighborhood Information

Community Features: Curbs, Sidewalks, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 437 Newport Ave

Last sold for $1,570,000 on January 4th, 2021

January, 2021
Jan 5, 2021

Date

Sold

CRMLS: SW20201326

$1,570,000

Price
Nov 16, 2020

Date

Pending

CRMLS: SW20201326

$1,599,000

Price
Nov 11, 2020

Date

Active

CRMLS: SW20201326

$1,599,000

Price
Oct 30, 2020

Date

Pending

CRMLS: SW20201326

$1,599,000

Price
Oct 23, 2020

Date

Active

CRMLS: SW20201326

$1,599,000

Price
Oct 5, 2020

Date

Pending

CRMLS: SW20201326

$1,599,000

Price
Sep 30, 2020

Date

Active

CRMLS: SW20201326

$1,599,000

Price
Sep 30, 2020

Date

Hold

CRMLS: SW20201326

$1,599,000

Price
Sep 29, 2020

Date

Active

CRMLS: SW20201326

$1,599,000

Price
January, 2021
Jan 4, 2021

Date

Sold (Public Records)

Public Records

$1,570,000

Price
February, 2020
Feb 27, 2020

Date

Canceled

CRMLS: SW19183309

$1,649,999

Price
Feb 12, 2020

Date

Active

CRMLS: SW19183309

$1,649,999

Price
Feb 4, 2020

Date

Canceled

CRMLS: SW19183309

$1,649,999

Price
Aug 2, 2019

Date

Active

CRMLS: SW19183309

$1,649,999

Price
Listing provided courtesy of CRMLS
July, 2019
Jul 10, 2019

Date

Canceled

CRMLS: SW18253795

$1,699,000

Price
May 10, 2019

Date

Price Change

CRMLS: SW18253795

$1,699,000

Price
Jan 25, 2019

Date

Price Change

CRMLS: SW18253795

$1,749,999

Price
Jan 16, 2019

Date

Price Change

CRMLS: SW18253795

$1,789,999

Price
Dec 3, 2018

Date

Active

CRMLS: SW18253795

$1,799,999

Price
Nov 19, 2018

Date

Pending

CRMLS: SW18253795

$1,799,999

Price
Oct 19, 2018

Date

Active

CRMLS: SW18253795

$1,799,999

Price
Listing provided courtesy of CRMLS
April, 2018
Apr 19, 2018

Date

Expired

CRMLS: 18317094

$1,699,990

Price
Mar 12, 2018

Date

Price Change

CRMLS: 18317094

$1,699,990

Price
Feb 24, 2018

Date

Active

CRMLS: 18317094

$1,775,000

Price
Listing provided courtesy of CRMLS

PRICE REDUCED! We are pleased to present 437 Newport Avenue; A beautiful 4-Plex located in Alamitos Heights - Borderline Belmont Heights! 437 Newport features an outstanding unit mix of 2 and 3-Bedroom unit floor plans with garage parking and on-site laundry. Contact listing agent for further details.

Continue Reading
February, 2018
Feb 16, 2018

Date

Canceled

CRMLS: SW18022608

$1,775,000

Price
Jan 30, 2018

Date

Active

CRMLS: SW18022608

$1,775,000

Price
Listing provided courtesy of CRMLS

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. All units have been refurbished in 2017. 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.

Continue Reading
January, 2018
Jan 18, 2018

Date

Canceled

CRMLS: SW17164069

$1,899,000

Price
Nov 7, 2017

Date

Price Change

CRMLS: SW17164069

$1,899,000

Price
Oct 30, 2017

Date

Price Change

CRMLS: SW17164069

$1,950,000

Price
Oct 18, 2017

Date

Price Change

CRMLS: SW17164069

$1,995,000

Price
Aug 14, 2017

Date

Price Change

CRMLS: SW17164069

$2,100,000

Price
Jul 18, 2017

Date

Active

CRMLS: SW17164069

$2,190,000

Price
Listing provided courtesy of CRMLS

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. All units have been refurbished in 2017. 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.

Continue Reading
October, 1997
Oct 2, 1997

Date

Sold (Public Records)

Public Records

$310,000

Price

Tax History for 437 Newport Ave

Assessed Value (2020): $452,594

Year	Land Value	Improved Value	Assessed Value
2020	$197,096	$255,498	$452,594

Home Value Compared to the Market

This property vs the competition

437 Newport Ave sold on January 4, 2021 for 95.24% 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 $347.23 per/sqft which puts the price per square foot 44.71% lower than the current median sale per square foot for the city of Long Beach.

About 437 Newport Ave

Detailed summary of property

437 Newport Ave is a fourplex that recently sold in Long Beach, CA 90814. This fourplex offered 9 bedrooms, 7 bathrooms, roughly 4,605 living square feet, and sits on an approximately 6,750 square foot lot. 437 Newport Ave was first listed on ArdentRealEstateGroup.com on September 30, 2020. The homeowner sold the property for $1,570,000. 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 95.24% higher than the current median priced home. Local homes that are currently for sale include 108 Bennett Ave, 35 Ximeno Ave and 1120 Stanley Ave. While the average home in Long Beach, CA is selling in 62 days, 437 Newport Ave has a days on market of 17 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 437 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 437 Newport Ave

Public county record property details

Beds: 9
Baths: 7
Year built: 1971
Sq. Ft.: 4,605
Lot Size: 6,750
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 16
APN: 7257-002-017

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

Median Sale to List Price %

106.54%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (35.71%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 437 Newport Ave

Nearby Homes for Sale

Recently Sold Homes Near 437 Newport Ave

$1,150,000 Last Sold Price

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$1,600,000 Last Sold Price

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$1,489,000 Last Sold Price

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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.

437 Newport Ave Long Beach, CA 90814

Unit Mix Summary

Unit Breakdown 1

Unit Breakdown 2

Unit Breakdown 3

Unit Breakdown 4

Property Income and Analysis

Annual Expense Breakdown

Property Details for 437 Newport Ave

Cooling Information

Heating Information

Laundry Information

Fireplace Information

Room Information

Kitchen Information

Interior Features

Exterior Information

Exterior Features

Parking/Garage Information

Lot Information

Property Information

Utilities Information

Assessment Information

Location Information

Neighborhood Information

Local Long Beach Agent

Sale History for 437 Newport Ave

Tax History for 437 Newport Ave

Home Value Compared to the Market

About 437 Newport Ave

Public Facts for 437 Newport Ave

90814 Real Estate Sale History (Last 30 days)

Thinking of Selling?

Homes for Sale Near 437 Newport Ave

Nearby Homes for Sale

$1,650,000

$1,475,000

$1,320,000

$1,695,000

$1,800,000

$1,300,000

$1,799,000

$1,699,000

$1,475,000

$1,475,000

$1,775,000

$1,775,000

Recently Sold Homes Near 437 Newport Ave

$1,150,000 Last Sold Price

$1,425,000 Last Sold Price

$1,600,000 Last Sold Price

$1,489,000 Last Sold Price

Related Resources to 437 Newport Ave

New Listings in 90814

Popular Zip Codes

Popular Cities

Other Long Beach Resources