NOT LISTED FOR SALE

1365 Newport Ave Long Beach, CA 90804

Bryant Neighborhood
17 Beds
17 Baths
8,598 Sq Ft
5,991 Sq Ft Lot

Last Sold July 22, 2024

Last sale price $3,200,000 $372 Per Sq Ft

105 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Auto Driveway Gate
  • Woodrow Wilson High School Rated A
  • Controlled Entrance
  • Wall Furnace

About This Home

As of July 2024

PRIME EAST SIDE LOCATION!! FIRST TIME ON THE MARKET IN 26 YEARS! PRIDE OF OWNERSHIP BUILDING GATED FULLY SECURED 80'S CONSTRUCTION BUILDING! MAJORITY OF THE UNITS HAVE BEEN UPGRADED AND FULLY REHABBED WITH NEW KITCHENS INCLUDING APPLIANCES, BATHROOMS, HARDWOOD FLOORS THROUGHOUT AND TILE IN BATHROOMS. GROUND FLOOR GATED COVERED PARKING LOT. ONSITE LAUNDRY ROOM WITH MACHINES OWNED BY SELLERS NOT LEASED EQUIPMENT WHICH BRINGS IN ADDITIONAL MONTHLY INCOME! UNITS ARE INDIVIDUALLY METERED FOR GAS AND ELECTRIC. TENANT PAYS UTILITIES. OWNER PAYS WATER. CLOSE DISTANCE TO CSULB, 2ND STREET, SHOPPING AND MORE!

Last Agent to Sell the Property

Kristina Moore

The Moore Group Brokerage Phone: 7148097608 License #01926377 Listed on: 01/31/2024

Last Buyer's Agent

Kristina Moore

The Moore Group Brokerage Phone: 7148097608 License #01926377 Listed on: 01/31/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 5,991 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 14 Car Garage
  • 14 Carport Spaces
  • Parking Available
  • Auto Driveway Gate
  • Assigned Parking
  • Controlled Entrance

Home Design

  • Apartment

Interior Spaces

  • 8,598 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 17 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 21 / B
  • Tax Tract Number 5751
  • Assessor Parcel Number 7259010024
  • $1,777 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,400
  • Insurance Expense $2,732
  • Water Sewer Expense $2,372
  • Operating Expense $71,213
  • Gross Income $222,540
  • Net Operating Income $151,327

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

14

Listing Details

  • Assessments: Yes
  • CapRate: 4.39
  • Other Phone Description: 7148097608
  • Other Phone Number: 7148097608
  • Price Per Unit: 360000
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Water Sewer Expenses: 2372.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 7259010024
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: ground floor
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 372.18

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 14.00
  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned, Auto Driveway Gate, Controlled Entrance, Covered
  • Total Parking Spaces: 28.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5991.00
  • Lot Size Acres: 0.1375
  • Latitude Manual: 33.78384100

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 222540.00
  • Gross Multiplier: 15.50
  • Gross Scheduled Income: 220540.00
  • Insurance Expense: 2732.00
  • Lot Size Area: 5991.0000 Square Feet
  • Net Operating Income: 151327.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 71213.00
  • Rent Control: Yes
  • Total Actual Rent: 18545.00
  • Total Expenses: 71213.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5751.03
  • Tax Lot: 21
  • Tax Tract Number: 5751
  • TaxOtherAnnualAssessmentAmount: 1777.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2024 07/22/24 Sold $3,200,000 -1.2% $372 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
02/27/2024 02/27/24 Price Changed $3,240,000 -5.3% $377 / Sq Ft
01/31/2024 01/31/24 For Sale $3,420,000 -- $398 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristina Moore

    Seller's Agent in 2024

    Kristina Moore

    The Moore Group

    (714) 809-7608

    2 in this area

    27 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24017480

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90804 Bryant

1365 Newport Ave, Long Beach, CA

This home is located at 1365 Newport Ave, Long Beach, CA 90804 since 31 January 2024. This property was built in 1987. 1365 Newport Ave is a home located in Los Angeles County with nearby schools including Bryant Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

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.

California Regional Multiple Listing Service (CRMLS) 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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