1034 Newport Ave Long Beach, CA 90804
Recreation Park Neighborhood
7
Beds
5
Baths
4,170
Sq Ft
6,251
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- Level Lot
- Woodrow Wilson High School Rated A
About This Home
As of March 20254 units in a great LB location with a 91 Walk Score, nearby shopping, dining, Rec Park and more. Attractive unit mix: 1-3BR/2BA (single story), 2-2BR/2BA (2 story townhouses) and 1-2BR/1BA (2 story townhouse). Most units remodeled with new floors, all units are spacious and with well appointed floorplans. All units have a separate water heater and all electric building. Ample parking:(3) single car garages and (1) two car garage. Garages had a brand new roof last year. Onsite laundry facility and the entire property is gated and fully secured.
The property currently grosses approx $113,700 per year and is priced attractively at a real 4.31% CAP (actual) and a 14.73 GRM. At market rents the property is a 12.50 GRM and 5.45% CAP. Approx 18% upside in current rents.
Last Agent to Sell the Property
Re/Max Commercial & Investment Brokerage Phone: 310-963-2894 License #01394559 Listed on: 12/03/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,086
Year Built
- Built in 1972
Lot Details
- 6,251 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 5 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 4,170 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 12 / B
- Tax Tract Number 577000
- Assessor Parcel Number 7258008006
- $934 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
- Circle Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 4 Separate Electric Meters
- 1 Separate Water Meter
- Operating Expense $38,110
- Gross Income $113,700
- Net Operating Income $72,179
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 3, 2024
Closed on
Feb 14, 2025
Sold by
Aaron And Helen Hong Living Trust and Hong Aaron
Bought by
Davila-Correa Gilberto and Davila Gilberto
Seller's Agent
Brian Estes
Re/Max Commercial & Investment
Buyer's Agent
Erik Ransdell
Erik Michael Ransdell, Broker
List Price
$1,675,000
Sold Price
$1,600,000
Premium/Discount to List
-$75,000
-4.48%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,521
Avg. Annual Appreciation
1.37%
Original Mortgage
$150,000
Outstanding Balance
$149,383
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$1,460,907
Purchase Details
Listed on
May 31, 2017
Closed on
Sep 1, 2017
Sold by
Pabst Kristie Kinney
Bought by
Hong Aaron and Hong Helen
Seller's Agent
Kristie Pabst
Pabst, Kinney & Associates
Buyer's Agent
Monica Masuda
Monica Masuda, Realtor
List Price
$1,350,000
Sold Price
$1,166,000
Premium/Discount to List
-$184,000
-13.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%
Original Mortgage
$816,200
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Oct 4, 2016
Sold by
Pabst Kristie M
Bought by
Pabst Kristie M and Pabst Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3.44%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 4, 2014
Sold by
Hammond Karen Anne
Bought by
Hammond Karen Anne and Hammond Family Bypass Trust
Purchase Details
Closed on
Nov 20, 2008
Sold by
Stucken Charles R
Bought by
Pabst George H and Pabst Kristie Kinney
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
5.49%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 16, 2000
Sold by
Stucken Sara M
Bought by
Stucken Sara M and Sara M Stucken Revocable 1997 Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.82%
Purchase Details
Closed on
Mar 18, 1999
Sold by
Ocwen Federal Bank Fsb
Bought by
Robinson Theodore C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
6.84%
Purchase Details
Closed on
Dec 30, 1998
Sold by
Saleff Mark S
Bought by
Ocwen Federal Bank Fsb
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.42%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 22, 1997
Sold by
Richardson Wanda
Bought by
Gonzales Pedro and Staples Martin
Purchase Details
Closed on
Dec 29, 1994
Sold by
Saleff Mark S and Saleff Mary
Bought by
Richardson Wanda and Miss Gloris Enterprise
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,859
Interest Rate
9.29%
Mortgage Type
Seller Take Back
Similar Homes in Long Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,600,000 | Wfg National Title | |
| Grant Deed | $1,166,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $760,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Grant Deed | $450,000 | Fidelity National Title | |
| Grant Deed | $295,000 | Chicago Title Co | |
| Trustee Deed | $292,170 | Landsafe Title | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | First Southwestern Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,000 | New Conventional | |
| Previous Owner | $816,200 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $380,000 | Commercial | |
| Previous Owner | $456,000 | Purchase Money Mortgage | |
| Previous Owner | $360,000 | No Value Available | |
| Previous Owner | $265,500 | No Value Available | |
| Previous Owner | $20,000 | Unknown | |
| Previous Owner | $15,000 | Unknown | |
| Previous Owner | $20,000 | Unknown | |
| Previous Owner | $15,000 | Unknown | |
| Previous Owner | $349,859 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/04/2025 03/04/25 | Sold | $1,600,000 | -4.5% | $384 / Sq Ft |
| 01/22/2025 01/22/25 | Pending | -- | -- | -- |
| 12/03/2024 12/03/24 | For Sale | $1,675,000 | +43.7% | $402 / Sq Ft |
| 10/03/2017 10/03/17 | Sold | $1,166,000 | -6.7% | $280 / Sq Ft |
| 08/26/2017 08/26/17 | Pending | -- | -- | -- |
| 08/14/2017 08/14/17 | Price Changed | $1,250,000 | -3.6% | $300 / Sq Ft |
| 07/17/2017 07/17/17 | Price Changed | $1,297,000 | -2.1% | $311 / Sq Ft |
| 07/07/2017 07/07/17 | Price Changed | $1,325,000 | -1.9% | $318 / Sq Ft |
| 06/26/2017 06/26/17 | For Sale | $1,350,000 | 0.0% | $324 / Sq Ft |
| 06/12/2017 06/12/17 | Pending | -- | -- | -- |
| 05/31/2017 05/31/17 | For Sale | $1,350,000 | -- | $324 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,086 | $1,326,705 | $933,018 | $393,687 |
| 2024 | $17,086 | $1,300,692 | $914,724 | $385,968 |
| 2023 | $16,800 | $1,275,189 | $896,789 | $378,400 |
| 2022 | $15,774 | $1,250,186 | $879,205 | $370,981 |
| 2021 | $16,087 | $1,225,673 | $861,966 | $363,707 |
| 2019 | $15,233 | $1,189,320 | $836,400 | $352,920 |
| 2018 | $14,803 | $1,166,000 | $820,000 | $346,000 |
| 2016 | $10,209 | $826,741 | $326,345 | $500,396 |
| 2015 | $9,804 | $814,323 | $321,443 | $492,880 |
| 2014 | $9,745 | $798,373 | $315,147 | $483,226 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Estes
Seller's Agent in 2025
Brian Estes
RE/MAX
(310) 802-2525
1 in this area
17 Total Sales
-
Erik Ransdell
E
Buyer's Agent in 2025
Erik Ransdell
Erik Michael Ransdell, Broker
(714) 987-3310
1 in this area
20 Total Sales
-
Kristie Pabst
Seller's Agent in 2017
Kristie Pabst
Pabst, Kinney & Associates
(562) 987-3244
1 in this area
33 Total Sales
-
Krosby Pabst
K
Seller Co-Listing Agent in 2017
Krosby Pabst
Pabst, Kinney & Associates
(562) 439-2147
1 in this area
11 Total Sales
-
Monica Masuda
M
Buyer's Agent in 2017
Monica Masuda
Monica Masuda, Realtor
(310) 739-6599
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24243567
APN: 7258-008-006
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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