1055 Newport Avenue
Long Beach, CA 90804

  • -- Beds
  • -- Baths
  • 9,500 sqft
  • Residential Income
  • Active
1055 Newport Avenue, Long Beach - 544895821
1055 Newport Avenue, Long Beach - 544895822
1055 Newport Avenue, Long Beach - 544895823
1055 Newport Avenue, Long Beach - 544895824
1055 Newport Avenue, Long Beach - 544895825
1055 Newport Avenue, Long Beach - 544895826

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)
Courtesy of Tyler Leeson, Marcus & Millichap Re Invest
Copyright 2019, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.