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754 Newport Ave, Long Beach, CA 90804
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754 Newport Ave Long Beach, CA 90804

$1,550,000 Sold Price as of 03/31/2021
  • 9 Beds
  • 8 Baths
  • 4,453 Sq.Ft.
Sold
$1,550,000 Sold Price as of 03/31/2021 Refinance Your Mortgage
Map preview of 754 Newport Ave, Long Beach, CA 90804

Property Overview: 754 Newport Ave Long Beach, CA has 9 bedrooms, 8 bathrooms, 4,453 living square feet and 6,078 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent opportunity to own a prime fourplex located in the desirable historic Rose Park district of Long Beach, close to Cal State Long Beach and a short hop to Recreation Golf Course, the Colorado Lagoon and Belmont Shore. This is a “Tenant magnet” building offering four townhouse units and for added privacy; private balcony/patio, inside laundry in each unit complete with washer and dryer, and two Master units with fireplaces. Two(2) 2BR/2BA units, One(1) mini-master with 2BR/2.5BA and fireplace and one(1) very large 3BR/2BA “owners” unit with an impressive stone FP; upstairs master bedroom and two of the bedrooms downstairs, ideal for a mom-in-law. This 3BR unit has recently been completely remodeled with new flooring, paint, granite countertops, vanities, lighting and so much more. Units A&B have updated flooring and Unit A has Quartz countertops. The total interior square footage is 4,453 making these units very LARGE and comfortable. Tenants pays gas & electric keeping Seller expenses low and minimal. This is an incredible asset, most especially at today’s interest rates, and is the epitome of everything that is great about multifamily investing in SoCal. As an investor, the location, the lifestyle, and the income this property generates are hard to ignore.

Listed by Ryder Cotton | BRE #02038044 | Keller Williams Coastal Prop.
Co-listed by Cheryl Cotton | BRE #00860384 | Keller Williams Coastal Prop.
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
6,078
HOA Dues
$0/mo
Year built
1987
Garage
7 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW20255103
City
Long Beach
County
Los Angeles
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • 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: $2,050
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $102,240
  • Net Operating Income: $80,734
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $21,505
  • Electric: $50
  • Gas/Fuel: $0
  • New Taxes: $16,800
  • Trash: $0
  • Gardener: $600
  • Insurance: $1,610
  • Water/Sewer: $2,445

Property Details for 754 Newport Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s), Gas
Heating Information
  • Has Heating
  • Wall Furnace, Fireplace(s)
Laundry Information
  • Has Laundry
  • Dryer Included, In Closet, Upper Level, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Vinyl
  • Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Two Masters
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Oven, Refrigerator
Interior Features
  • Balcony, Block Walls, Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan, Tile Counters
  • Levels: Two
  • Window Features: Double Pane Windows
  • 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: 7
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned, Garage, Garage - Single Door
Lot Information
  • Lot Features: 0-1 Unit/Acre, Lawn, Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7258024012
  • Year Built Source: Public Records
  • Foundation Details: Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Just East of Redondo and North of 7th
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 754 Newport Ave

Last sold for $1,550,000 on March 31st, 2021

  • March, 2021

  • Mar 31, 2021

    Date

    Sold

    CRMLS: PW20255103

    $1,550,000

    Price

  • Feb 14, 2021

    Date

    Active Under Contract

    CRMLS: PW20255103

    $1,479,000

    Price

  • Jan 30, 2021

    Date

    Active

    CRMLS: PW20255103

    $1,479,000

    Price

  • Jan 26, 2021

    Date

    Active Under Contract

    CRMLS: PW20255103

    $1,479,000

    Price

  • Jan 14, 2021

    Date

    Active

    CRMLS: PW20255103

    $1,479,000

    Price

  • March, 2020

  • Mar 28, 2020

    Date

    Expired

    CRMLS: PW19028080

    $1,995

    Price

  • Feb 6, 2019

    Date

    Active

    CRMLS: PW19028080

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    Photos are of a similar unit. Large 2 bedroom townhouse style apartment. Freshly painted, new linoleum in kitchen and both bathrooms and newer carpet throughout. Both bedrooms are upstairs. Master Suite with cathedral ceilings, fanlight and full tub/shower bathroom. Second bedroom has cathedral ceilings and fan light. Also upstairs is the second full bathroom and laundry closet with both washing machine and dryer. Downstairs has large livingroom with under stairs storage, kitchen with stove, dishwasher & fridge, dining room area and enclosed private patio off the living room. 1 car garage with storage at the rear of the property is included. Only four units in complex. Security Deposit same as one months rent. Tenant pays Gas & Electric. Landlord pays water, trash and gardener. Cats & Dogs under 20lbs wecome.

  • March, 2019

  • Mar 19, 2019

    Date

    Leased

    CRMLS: PW19033856

    $1,995

    Price

  • Feb 13, 2019

    Date

    Active

    CRMLS: PW19033856

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    Photos are of a similar unit. Large 2 bedroom townhouse style apartment. Freshly painted, new linoleum in kitchen and both bathrooms and newer carpet throughout. Both bedrooms are upstairs. Master Suite with cathedral ceilings, fanlight and full tub/shower bathroom. Second bedroom has cathedral ceilings and fan light. Also upstairs is the second full bathroom and laundry closet with both washing machine and dryer. Downstairs has large livingroom with under stairs storage, kitchen with stove, dishwasher & fridge, dining room area and enclosed private patio off the living room. 1 car garage with storage at the rear of the property is included. Only four units in complex. Security Deposit same as one months rent. Tenant pays Gas & Electric. Landlord pays water, trash and gardener. Cats & Dogs under 20lbs wecome.

  • January, 2019

  • Jan 29, 2019

    Date

    Expired

    CRMLS: PW18297102

    $1,995

    Price

  • Dec 28, 2018

    Date

    Active

    CRMLS: PW18297102

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    Photos are of a similar unit. Large 2 bedroom townhouse style apartment. Freshly painted, new linoleum in kitchen and both bathrooms and newer carpet throughout. Both bedrooms are upstairs. Master Suite with cathedral ceilings, fanlight and full tub/shower bathroom. Second bedroom has cathedral ceilings and fan light. Also upstairs is the second full bathroom and laundry closet with both washing machine and dryer. Downstairs has large livingroom with under stairs storage, kitchen with stove, dishwasher & fridge, dining room area and enclosed private patio off the living room. 1 car garage with storage at the rear of the property is included. Only four units in complex. Security Deposit same as one months rent. Tenant pays Gas & Electric. Landlord pays water, trash and gardener. Cats & Dogs under 20lbs wecome.

  • November, 2018

  • Nov 30, 2018

    Date

    Leased

    CRMLS: PW18250004

    $2,595

    Price

  • Nov 7, 2018

    Date

    Price Change

    CRMLS: PW18250004

    $2,595

    Price

  • Oct 24, 2018

    Date

    Price Change

    CRMLS: PW18250004

    $2,795

    Price

  • Oct 14, 2018

    Date

    Active

    CRMLS: PW18250004

    $2,995

    Price

  • Listing provided courtesy of CRMLS

    Very large 3 bedroom townhouse style apartment. Totally re-painted, new faux wood planking throughout, new granite counters in kitchen and bathrooms and new fans in living room. Master suite with cathedral ceilings, double closets and full tub/shower bathroom and AC upstairs. Also upstairs is huge living room with cathedral ceilings, fireplace and balcony, dining area, kitchen including fridge, and dishwasher, also, laundry closet with both washing machine and dryer. Downstairs is 2 bedrooms, full hall bath, and direct access to 2 car garage with storage at the rear of the property. Only four units in complex. Security Deposit same as one months rent. Tenant pays Gas & Electric. Landlord pays water, trash and gardener. Cats & Dogs under 20lbs welcome.

  • July, 2014

  • Jul 25, 2014

    Date

    Sold (Public Records)

    Public Records

    $905,000

    Price

  • March, 2007

  • Mar 15, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 754 Newport Ave

Assessed Value (2020): $1,187,263
Year Land Value Improved Value Assessed Value
2020 $796,163 $391,100 $1,187,263

Home Value Compared to the Market

This property vs the competition

754 Newport Ave sold on March 31, 2021 for 80.59% 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 $332.14 per/sqft which puts the price per square foot 47.11% lower than the current median sale per square foot for the city of Long Beach.

About 754 Newport Ave

Detailed summary of property

754 Newport Ave is a fourplex that recently sold in Long Beach, CA 90804. This fourplex offered 9 bedrooms, 8 bathrooms, roughly 4,453 living square feet, and sits on an approximately 6,078 square foot lot. 754 Newport Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,550,000. 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 80.59% higher than the current median priced home. Local homes that are currently for sale include 4134 E Jacinto Way, 70 Roswell Ave and 70 Roswell Ave. While the average home in Long Beach, CA is selling in 62 days, 754 Newport Ave has a days on market of 30 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 754 Newport Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 754 Newport Ave

Public county record property details
Beds
9
Baths
9
Year built
1987
Sq. Ft.
4,453
Lot Size
6,077
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
7258-024-012

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$500,000
Median List Price/Sq.Ft.
$622
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
44
Median Sale to List Price %
97.83%
Avg Days on Market
30
Loan Type
Conventional (62.5%), FHA (12.5%), VA (12.5%), Cash (12.5%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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