Seller's Agent in 2025
Brian Estes
RE/MAX
(310) 802-2525
1 in this area
15 Total Sales
1034 Newport Ave Long Beach, CA 90804
Recreation Park NeighborhoodEstimated Value: $1,492,000 - $1,855,000
7
Beds
5
Baths
4,170
Sq Ft
$391/Sq Ft
Est. Value
Highlights
- No HOA
- Woodrow Wilson High School Rated A
- Level Lot
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
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
- Entry on the 1st floor
Interior Spaces
- 4,170 Sq Ft Home
- 2-Story Property
- Laundry in unit
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 3, 2024
Closed on
Feb 14, 2025
Sold by
Bought by
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
$30,677
Avg. Annual Appreciation
1.43%
Original Mortgage
$150,000
Outstanding Balance
$147,960
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$1,482,717
Purchase Details
Listed on
May 31, 2017
Closed on
Sep 1, 2017
Sold by
Bought by
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
Bought by
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
Bought by
Purchase Details
Closed on
Nov 20, 2008
Sold by
Bought by
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
Bought by
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
Bought by
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
Bought by
Purchase Details
Closed on
Sep 22, 1997
Sold by
Bought by
Purchase Details
Closed on
Dec 29, 1994
Sold by
Bought by
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,600,000 | Wfg National Title | ||
| $1,166,000 | Fidelity National Title Co | ||
| -- | Fidelity National Title Co | ||
| -- | None Available | ||
| $760,000 | Old Republic Title Company | ||
| -- | Fidelity Title | ||
| $450,000 | Fidelity National Title | ||
| $295,000 | Chicago Title Co | ||
| $292,170 | Landsafe Title | ||
| -- | -- | ||
| -- | First Southwestern Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $150,000 | ||
| Previous Owner | $816,200 | ||
| Previous Owner | $380,000 | ||
| Previous Owner | $456,000 | ||
| Previous Owner | $360,000 | ||
| Previous Owner | $265,500 | ||
| Previous Owner | $349,859 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $17,894 | $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
-
Erik Ransdell
E
Buyer's Agent in 2025
Erik Ransdell
Erik Michael Ransdell, Broker
(714) 987-3310
1 in this area
23 Total Sales
-
Kristie Pabst
Seller's Agent in 2017
Kristie Pabst
Pabst, Kinney & Associates
(562) 987-3244
1 in this area
27 Total Sales
-
Krosby Pabst
K
Seller Co-Listing Agent in 2017
Krosby Pabst
Pabst, Kinney & Associates
(562) 439-2147
1 in this area
6 Total Sales
-
Monica Masuda
M
Buyer's Agent in 2017
Monica Masuda
Monica Masuda, Realtor
(310) 739-6599
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24243567
APN: 7258-008-006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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