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771 Newport Avenue

Long Beach, CA 90804
  • $1,750,000
  • STATUS: Active
  • ON SITE: 6 Days
  • ID#: PW21250469
New On Site 6 Days Ago
UPDATED: 13 min ago
$1,750,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Listing provided courtesy of Kristina Moore of The Moore Group

Description

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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-26T19:26:32.427. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123443542
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771 Newport Avenue Long Beach, CA 90804

  • Price: $1,750,000
  • Status: Active
  • On Site: 6 Days
  • Updated: 13 min ago
  • ID#: PW21250469
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1980
Built
Neighborhood:
Eastside (Es)
County:
Los Angeles
Area:
3 - Eastside, Circle Area
Property Description
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!
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Parking Features Garage Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 0 Garage YN Yes Gross Income 103800 Gross Scheduled Income 103800 Insurance Expense 0 Land Lease YN No Laundry Features Laundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 70584 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 33216 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 8650 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lbr3s



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-26T19:26:32.427. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing provided courtesy of Kristina Moore of The Moore Group