Property Details
About this Property
4 units in a great LB location with a 91 Walk Score, nearby shopping, dining, Rec Park and more. Attractive unit mix: 1-3BR/2BA (single story), 2-2BR/2BA (2 story townhouses) and 1-2BR/1BA (2 story townhouse). Most units remodeled with new floors, all units are spacious and with well appointed floorplans. All units have a separate water heater and all electric building. Ample parking:(3) single car garages and (1) two car garage. Garages had a brand new roof last year. Onsite laundry facility and the entire property is gated and fully secured. The property currently grosses approx $113,700 per year and is priced attractively at a real 4.31% CAP (actual) and a 14.73 GRM. At market rents the property is a 12.50 GRM and 5.45% CAP. Approx 18% upside in current rents.
MLS Listing Information
MLS #
CRSB24243567
MLS Source
California Regional MLS
Days on Site
1
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 5 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1034 Newport Ave is a Residential Income in Long Beach, CA 90804. This – square foot property sits on a 6,251 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,675,000 and was built in 1972. This address can also be written as 1034 Newport Ave, Long Beach, CA 90804.
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This listing information is up-to-date as of December 04, 2024. For the most current information, please contact Brian Estes, (310) 802-2525
