254 Newport ave, Long Beach, CA 90803
Pending
$1,695,000
2%
3 Units
4 Beds
4 Baths
2,893 Area(sq.ft.)
Lot: 5,493 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 3,775 | $ 3,775 | $ 4,000 |
| Unit 2 | 1 | 2 | 1 | No | n/a | n/a | $ 3,000 |
| Unit 3 | 1 | studio | 1 | No | n/a | n/a | $ 1,500 |
| Unit 4 | 1 | studio | 0 | No | n/a | n/a | $ 250 |
| 4 | 4 | 4 | $ 3,775 | $ 3,775 | $ 8,750 |
| MLS #: | PW25017876MR |
| Days On Market: | 319 |
| Listing Date: | January 21, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 586 |
| Price per unit: | $ 565,000 |
| Year Built: | 1919 |
Property Details
PRICE ADJUSTMENT! This renovated Belmont Heights California Bungalow triplex offers flexibility for homeowners and investors alike. Comprised of a 2 bedroom, 2 bath front home, 2 bedroom, 1 bath apartment, a studio and four 1 car garages plus 2 parking spaces. FRONT 2 BED/2 BATH HOME features a blend of classic and modern design with gleaming hardwood floors, built-ins, vaulted ceilings and a fireplace. The spacious, kitchen highlights custom cabinets, granite countertops, skylights, breakfast area and an adjacent laundry room. The primary ensuite includes a remodeled bathroom with a walk-in shower and spa tub and a walk-in closet. UPSTAIRS 2 BED/1 BATH: Currently vacant. This spacious private apartment, perched above the garages, boasts its own private entrance and terrace with tree top views, a cozy fireplace, a remodeled kitchen and two well-sized bedrooms. STUDIO WITH 3/4 BATH: Nestled just off the main house, includes a convenient Murphy- bed, full bath, a fireplace, and a compact mini kitchen. Ideal for a short-term rental, guest house, ADU or private office. OUTDOOR SPACES: A covered entertaining deck perfect for dining and relaxation. A private terrace for the upstairs unit. A beautifully landscaped front yard with fruit trees, ideal for enjoying the California sunshine or hosting outdoor events. Ideal for investors, OR live in one unit while renting out the others, OR create a spacious living arrangement for extended family. Ideal location in Belmont Heights, close to beaches, shops and many unique restaurants, 254 Newport Avenue combines modern updates with timeless charm, presenting an exceptional opportunity to own a piece of Long Beach s vibrant community!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 4,840 |
| Net Operating Income: | $ 1,045,160 |
| Actual Gross Rent: | $ 3,775 |
Structure
| Community Features: | Biking, Curbs, Dog Park, Park, Sidewalks, Street Lights |
| Style: | Bungalow |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR1N |
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Heating: | Floor Furnace, Wall |
| Fireplace Rooms: | Living Room |
| Laundry: | Garage, Room |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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