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1365 Newport Avenue

Long Beach, CA 90804
  • $3,420,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: PW24017480
UPDATED: 35 min ago
$3,420,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1987
County:

School Ratings & Info

Listing Agent(s): Kristina Moore of The Moore Group (714-809-7608)


Description

PRIME EAST SIDE LOCATION!! FIRST TIME ON THE MARKET IN 26 YEARS! PRIDE OF OWNERSHIP GATED FULLY SECURED 80'S CONSTRUCTION BUILDING! MAJORITY OF THE UNITS HAVE BEEN UPGRADED AND FULLY REHABBED WITH NEW 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 TO CSULB, 2ND STREET, SHOPPING AND MORE! HURRY A BUILDING LIKE THIS WON'T LAST LONG!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T15:33:09.81. 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 Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/147131756
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1365 Newport Avenue Long Beach, CA 90804

  • Price: $3,420,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 35 min ago
  • ID#: PW24017480
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1987
Built
Neighborhood:
Eastside (Es)
County:
Los Angeles
Area:
3 - Eastside, Circle Area
Property Description
PRIME EAST SIDE LOCATION!! FIRST TIME ON THE MARKET IN 26 YEARS! PRIDE OF OWNERSHIP GATED FULLY SECURED 80'S CONSTRUCTION BUILDING! MAJORITY OF THE UNITS HAVE BEEN UPGRADED AND FULLY REHABBED WITH NEW 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 TO CSULB, 2ND STREET, SHOPPING AND MORE! HURRY A BUILDING LIKE THIS WON'T LAST LONG!
Exterior Features

Carport Spaces 14 Carport YN Yes Entry Level 1 Entry Location ground floor Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 9 Parking Features AssignedControlled EntranceCoveredElectric Gate Parking Total 28 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Appliances DishwasherGas RangeMicrowaveRefrigerator Common Walls 1 Common Wall Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Cap Rate 4.39 Common Interest Community Apartment Community Features Sidewalks Disclosures Rent Control Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 222540 Gross Scheduled Income 220540 Insurance Expense 2732 Land Lease YN No Laundry Features Common Area Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 151327 New Construction YN No Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 71213 Pool Expense 0 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Tenant Pays ElectricityGasTrash Collection Total Actual Rent 18545 Trash Expense 0 Water Sewer Expense 2372 Water Source Public Zoning LBR2N



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T15:33:09.81. 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 Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Kristina Moore of The Moore Group (714-809-7608)