1055 Newport Avenue
Long Beach, CA 90804
Property Description for 1055 Newport Avenue, Long Beach CA 90804
1055 Newport Avenue is a 13-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.21-acre lot, the 9,500 square foot property consists of one- and two-bedroom floor plans averaging over 730 square feet. Built in 1985, the property offers amenities including gated pedestrian and vehicle access, gated covered parking, private patios, private balconies, and on-site laundry. 1055 Newport Avenue is located under 2 miles from California State University, Long Beach, the third largest campus in the 23-member California State University system. The university enrolls over 33,000 students annually and is a major local economic driver, generating a $1 billion impact on the regional and statewide economy each year. The property is also is located within walking distance of the Belmont Shopping Center, a 112,302 SF retail center anchored by Food 4 Less and Rite Aid.
- Property Class: Residential Income
- Listing Status: Active
- City: Long Beach
- State: CA
- Zip: 90804
- Area: 3 - Eastside / Circle Area
- County: Los Angeles
- Class: Residential Income
- Approx Lot Size: 0.210
- Stories: 3
- Baths (F/H): -- / --
- Baths Partial: 0
- Living Area (SqFt): 9,500 sqft
- Lot Sq Ft Apx: 9147.60
- Year Built: 1985
- Listing#: OC18123342
- Parcel Number: 7258007037
- List Date: 5/24/2018
- Last updated on: 5/25/2019
Property Features for 1055 Newport Avenue, Long Beach CA 90804
- Heating: Floor Furnace
- Year Built: 1985
- Community Features: Curbs
- Zoning: LBR4R
- Lot Desc: Landscaped
- Pool: None
Additional Information for 1055 Newport Avenue, Long Beach CA 90804
- Carport Y/N: Yes
- Expenses: 85789.00
- Gross Building Area: 9500.00
- Gross Income: 242038.00
- Net Income: 156249.00
- Rent Income: 20450.00
- Subdivision: Eastside (Es)
