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$3,240,000   Price Analysis
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1365 Newport Ave
Long Beach, CA 90804
17 bed 17 bath 8,598 SqFt ($376/SqFt)
5,991SqFt lot. Built 1987
Listed 2024-01-31, Taxes $7,616
Ⓧ USDA Ineligible
due to price & location

near Long Beach

PRIME EAST SIDE LOCATION!!

* Sale Pending *

FIRST TIME ON THE MARKET IN 26 YEARS! PRIDE OF OWNERSHIP BUILDING GATED FULLY SECURED 80'S CONSTRUCTION BUILDING! MAJORITY OF THE UNITS HAVE BEEN UPGRADED AND FULLY REHABBED WITH PRISTINE KITCHENS INCLUDING APPLIANCES, BATHROOMS, HARDWOOD FLOORS THROUGHOUT AND TILE IN BATHROOMS. GROUND FLOOR GATED COVERED PARKING LOT. ONSITE LAUNDRY ROOM WITH MACHINES OWNED BY SELLERS NOT LEASED EQUIPMENT WHICH BRINGS IN ADDITIONAL MONTHLY INCOME!

UNITS ARE INDIVIDUALLY METERED FOR GAS AND ELECTRIC. TENANT PAYS UTILITIES. OWNER PAYS WATER. CLOSE DISTANCE TO CSULB, 2ND STREET, SHOPPING AND MORE!


Presented by Kristina Moore at
The Moore Group.
Listing Agent Photo

Property MLS #PW24017480 from CRMLS

Bedrooms: 17

Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
Appliances YN: Yes
Laundry Features: Community

Full Bathrooms: 17

Heating Features: Wall Furnace
Heating: Yes

Carport Spaces: 14
Garage Spaces: 14
Parking Features: Parking YN: Yes, Parking Features: Assigned, Auto Driveway Gate, Controlled Entrance, Covered
Parking Total: 28

Lot Description: 6-10 Units/Acre
Lot Size Acres: 0.1375344
Lot Size Source: Assessor
Lot Size Square Feet: 5991

Number of Units: 9
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 2
Bedrooms in Unit-8: 2
Bedrooms in Unit-9: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 2
Total Bathrooms in Unit-5: 2
Total Bathrooms in Unit-6: 2
Total Bathrooms in Unit-7: 2
Total Bathrooms in Unit-8: 2
Total Bathrooms in Unit-9: 2
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 2
Unit-5 Garage Spaces: 2
Unit-6 Garage Spaces: 2
Unit-7 Garage Spaces: 2
Unit-8 Garage Spaces: 2
Unit-9 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 2400.00

Number of Units Leased: 9
Tenant Pays: Electricity, Gas, Trash Collection
Rent Control: Yes

Community Features: Sidewalks

Source Listing Status: Pending
County: Los Angeles
Cap Rate: 4.39
Source Property Type: Residential Income
Insurance Expense: 2732.00
Area: 3 - Eastside, Circle Area
Source Neighborhood: Eastside (ES)
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 9
Number of Separate Water Meters: 1
Parcel Number: 7259010024
Postal Code Plus 4: 2858
Subdivision: Eastside (ES)
Zoning: LBR2N
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$376,007 + $115,091
$491,098
$7,616
2021$368,635 + $112,835
$481,470
$7,397
2020$364,856 + $111,679
$476,535
$7,374
2019$357,702 + $109,490
$467,192
$7,290
2018$350,689 + $107,344
$458,033
$7,039
2017$343,813 + $105,240
$449,053
$6,964
2016$337,072 + $103,177
$440,249
$6,438
2015$332,009 + $101,628
$433,637
$6,210
2014$325,506 + $99,638
$425,144
$6,216
2013$324,035 + $99,188
$423,223
$6,045
2012$317,682 + $97,244
$414,926
$6,120
2010$311,453 + $95,338
$406,791
$5,824
2009$309,861 + $94,851
$404,712
$5,725
2009$309,126 + $94,626
$403,752
$5,725
2008$303,786 + $92,992
$396,778
$5,347
2007$297,830 + $91,169
$388,999
$5,146

Price Changed 2024-02-27
$3,240,000
CRMLS
Listed 2024-01-31
$3,420,000
CRMLS
Sold 1998-12-23
$105,000
Public Record
Sold 1987-07-31
$680,000
Public Record
Sold 1986-07-25
$95,000
Public Record

Net Operating Income: 151327.00

Total Square Feet Living: 8598
Year Built: 1987
Building Features: 1
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: ground floor
Property Age: 37
Property Attached: Yes
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Apartment
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 2372.00
Water Source: Public

Bryant Elementary School is a public elementary school located approximately 0.4 miles away.
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Jefferson Leadership Academies School is a public middle school located approximately 0.6 miles away.
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Wilson High School is a public high school located approximately 0.8 miles away.
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Oak Tree Children's Center is a private elementary school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.