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771 Newport Ave, Long Beach, CA 90804
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771 Newport Ave Long Beach, CA 90804

$1,900,000 Sold Price as of 12/31/2021
  • 9 Beds
  • 8 Baths
  • 4,697 Sq.Ft.
Sold
$1,900,000 Sold Price as of 12/31/2021 Refinance Your Mortgage
Map preview of 771 Newport Ave, Long Beach, CA 90804

Property Overview: 771 Newport Ave Long Beach, CA has 9 bedrooms, 8 bathrooms, 4,697 living square feet and 6,006 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: FIRST TIME ON THE MARKET IN ALMOST 20 YEARS! 80'S CONSTRUCTION, HUGE 3 BEDROOM/ 2 BATHROOM FRONT HOUSE WITH 3 -2 BEDROOM UNITS BEHIND. 6 GARAGES. ONSITE LAUNDRY ROOM. INDIVIDUALLY METERED FOR GAS & ELECTRIC. LOW RENTS. HUGE UPSIDE FOR REMODEL / RENOVATE POTENTIAL. CURRENTLY ALL TENANTS PAYING . GREAT LOCATION ONLY 7 BLOCKS TO THE BEACH AND LESS THAN 5 MINUTES DRIVE TO CSLUB AND 2ND STREET SHOPPING, ENTERTAINMENT AND MORE!

Listed by Kristina Moore | BRE #01926377 | The Moore Group
Last checked: 5 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
6,006
HOA Dues
$0/mo
Year built
1980
Garage
6 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW21250469
City
Long Beach
County
Los Angeles
Time on Site
912 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # 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: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $103,800
  • Net Operating Income: $70,584
  • Gross Operating Income: --
  • # of Rented Garages: 6
Annual Expense Breakdown
  • Total Operating Expense: $33,216
  • Electric: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 771 Newport Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7258023026
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: NEWPORT/ 7th
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 771 Newport Ave

Last sold for $1,900,000 on December 31st, 2021

  • November, 2021

  • Nov 20, 2021

    Date

    Price Change

    CRMLS: PW21250469

    $1,750,000

    Price

  • Nov 20, 2021

    Date

    Active

    CRMLS: PW21250469

    $1,800,000

    Price

  • March, 2021

  • Mar 22, 2021

    Date

    Leased

    CRMLS: PW21040431

    $1,995

    Price

  • Mar 22, 2021

    Date

    Pending

    CRMLS: PW21040431

    $1,995

    Price

  • Mar 12, 2021

    Date

    Active

    CRMLS: PW21040431

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to live in a private, upper 2 bedroom/2 bath unit with a balcony, A/C, shared laundry, and 1-car garage in a desirable, quiet neighborhood. Spacious and open living area with new vinyl plank flooring. Lots of closet space in both bedrooms, and additional storage space. New paint throughout, ceiling fans, kitchen complete with refrigerator, gas stove, microwave, and dishwasher. Close to downtown Long Beach, minutes to the beach, approximately 3 miles to CSLB. Close to multiple freeways. Pets are ok with non-refundable deposit. New stove and microwave being ordered.

  • February, 2020

  • Feb 5, 2020

    Date

    Leased

    CRMLS: PW20010525

    $2,900

    Price

  • Jan 17, 2020

    Date

    Active

    CRMLS: PW20010525

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 4-Plex near Belmont Heights, Rose Park and short drive to Recreation Park. This two story front unit is a 3 bedroom, 3 bath with an attached 2 car garage and driveway for parking. Large open living room with brick fireplace. A nice spacious private patio. Lots of hallway storage cabinets and a coat closet/storage area. Kitchen with Dining area. On the main floor is the first spacious bedroom with separate bath. The two spacious bedrooms upstairs include their own bathroom. The large master bedroom includes brick fireplace, dual sinks, stand up shower and ample closet space. Close to downtown Long Beach, minutes to the beach, approximately 3 miles to CSLB. We are currently in the process of doing some minor repairs, and painting to get the unit lease ready.

  • January, 2020

  • Jan 31, 2020

    Date

    Leased

    CRMLS: PW19253854

    $1,895

    Price

  • Dec 4, 2019

    Date

    Pending

    CRMLS: PW19253854

    $1,895

    Price

  • Nov 12, 2019

    Date

    Price Change

    CRMLS: PW19253854

    $1,895

    Price

  • Oct 31, 2019

    Date

    Active

    CRMLS: PW19253854

    $1,950

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to live in a private, upper 2 bedroom/2 bath unit with a balcony, A/C, shared laundry, and 1-car garage in a desirable, quiet neighborhood. Spacious and open living area with new vinyl plank flooring. Lots of closet space in both bedrooms, and additional storage space. New paint throughout, ceiling fans, kitchen complete with refrigerator, gas stove, microwave, dishwasher, garbage disposal. Close to downtown Long Beach, minutes to the beach, approximately 3 miles to CSLB. Close to multiple freeways.

  • January, 2020

  • Jan 16, 2020

    Date

    Canceled

    CRMLS: PW19248946

    $2,800

    Price

  • Nov 20, 2019

    Date

    Price Change

    CRMLS: PW19248946

    $2,800

    Price

  • Nov 12, 2019

    Date

    Price Change

    CRMLS: PW19248946

    $2,950

    Price

  • Oct 22, 2019

    Date

    Active

    CRMLS: PW19248946

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 4-Plex near Belmont Heights, Rose Park and short drive to Recreation Park. This two story front unit is a 3 bedroom, 3 bath with an attached 2 car garage and driveway for parking. Large open living room with brick fireplace. A nice spacious private patio. Lots of hallway storage cabinets and a coat closet/storage area. Kitchen with Dining area. On the main floor is the first spacious bedroom with separate bath. The two spacious bedrooms upstairs include their own bathroom. The large master bedroom includes brick fireplace, dual sinks, stand up shower and ample closet space. Close to downtown Long Beach, minutes to the beach, approximately 3 miles to CSLB. We are currently in the process of doing some minor repairs, and painting to get the unit lease ready.

  • March, 2019

  • Mar 27, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2018

  • Oct 17, 2018

    Date

    Leased

    CRMLS: PW18221324

    $1,850

    Price

  • Oct 10, 2018

    Date

    Pending

    CRMLS: PW18221324

    $1,850

    Price

  • Sep 10, 2018

    Date

    Active

    CRMLS: PW18221324

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to live in a private, upper 2 bedroom/2 bath unit with a balcony, A/C, shared laundry, and 1-car garage in a desirable, quiet neighborhood. Spacious and open living area with new vinyl plank flooring. Lots of closet space in both bedrooms, and additional storage space. New paint throughout, ceiling fans, kitchen complete with refrigerator, gas stove, microwave, dishwasher, garbage disposal. Close to downtown Long Beach, minutes to the beach, approximately 3 miles to CSLB. Close to multiple freeways. Pets are ok with non-refundable deposit.

  • April, 2002

  • Apr 30, 2002

    Date

    Sold (Public Records)

    Public Records

    $612,500

    Price

Show More

Tax History for 771 Newport Ave

Assessed Value (2020): $827,352
Year Land Value Improved Value Assessed Value
2020 $121,562 $705,790 $827,352

Home Value Compared to the Market

This property vs the competition

771 Newport Ave sold on December 31, 2021 for 118.75% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $372.58 per/sqft which puts the price per square foot 41.05% lower than the current median sale per square foot for the city of Long Beach.

About 771 Newport Ave

Detailed summary of property

771 Newport Ave is a fourplex that recently sold in Long Beach, CA 90804. This fourplex offered 9 bedrooms, 8 bathrooms, roughly 4,697 living square feet, and sits on an approximately 6,006 square foot lot. 771 Newport Ave was first listed on ArdentRealEstateGroup.com on November 20, 2021. The homeowner sold the property for $1,900,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 118.75% higher than the current median priced home. Local homes that are currently for sale include 241 Bennett Ave, 1717 Temple Ave and 1717 Temple Ave. While the average home in Long Beach, CA is selling in 51 days, 771 Newport Ave has a days on market of 13 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 771 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 771 Newport Ave

Public county record property details
Beds
8
Baths
7
Year built
1980
Sq. Ft.
4,697
Lot Size
6,005
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7258-023-026

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
$515,000
Median List Price/Sq.Ft.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

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