NOT LISTED FOR SALE

1383 Newport Ave Long Beach, CA 90804

Bryant Neighborhood

Estimated Value: $1,098,000 - $1,380,000

5 Beds
4 Baths
2,305 Sq Ft
$542/Sq Ft Est. Value

Last Sold November 10, 2015

Last sale price $740,000 $321 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,581/month

10 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • Wall Furnace
  • Woodrow Wilson High School Rated A
  • Neighborhood Views

About This Home

As of November 2015

Wonderful, pride of ownership 4-plex in the Circle neighborhood of Long Beach. Unit mix: (1) 2 bed 1 bath and (3) 1 bed 1 bath units plus 2 garages, 2 carport spaces and tandem driveway parking. Property is situated in a great neighborhood with immediate access to the freeways, CSULB, 4th street and Belmont Shore restaurants and parks as well as downtown Long Beach.

Last Agent to Sell the Property

Mike Nichols

Engel & Völkers -Long Beach License #01324585 Listed on: 09/08/2015

Last Buyer's Agent

Sam Pitassi

Mortgage Funding Group License #01244381

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,510

Year Built

  • Built in 1931

Lot Details

  • 6,240 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Home Design

  • Property Attached

Interior Spaces

  • 2,305 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Property is near a park
  • Urban Location

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 011
  • Tax Tract Number 10
  • Assessor Parcel Number 7259010011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $565
  • Gardener Expense $300
  • Insurance Expense $1,020
  • Trash Expense $450
  • Water Sewer Expense $1,320
  • New Taxes Expense $9,100
  • Gross Income $4,100
  • Net Operating Income $35,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,510

Year Built

Built in 1931

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • View: Yes
  • Water Sewer Expenses: 1320.00
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 7259010011
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 321.04

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 450.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 6240.00
  • Price Per Lot Square Foot: 118.59
  • Lot Size Acres: 0.1430

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 565.00
  • Gross Income: 4100.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 1020.00
  • Lot Size Area: 6240.0000 Square Feet
  • Net Operating Income: 35880.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 13320.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9100.00
  • Tax Lot: 011
  • Tax Tract Number: 010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2021
Sold by
1383 Newport Avenue Llc
Bought by
Harris Kellie
Current Estimated Value
$1,249,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Outstanding Balance
$452,909
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$796,185

Purchase Details

Closed on
Nov 5, 2019
Sold by
Harris Kellie
Bought by
1383 Newport Avenue Llc

Purchase Details

Listed on
Sep 8, 2015
Closed on
Oct 20, 2015
Sold by
Schmitz Scott
Bought by
Harris Kellie
Seller's Agent
Mike Nichols
Engel & Völkers -Long Beach
Buyer's Agent
Sam Pitassi
Mortgage Funding Group
List Price
$728,000
Sold Price
$740,000
Premium/Discount to List
$12,000
1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$592,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2010
Sold by
Jackson Cortland and Jackson Hazel
Bought by
Hj & K Family Limited Partnership

Purchase Details

Closed on
May 8, 2006
Sold by
Nelson Timothy D and Fleischer Pamela J
Bought by
Schmitz Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Harris Kellie -- First American Title Company O
1383 Newport Avenue Llc -- None Available
Harris Kellie $740,000 Fidelity National Title Co
Hj & K Family Limited Partnership -- None Available
Schmitz Scott $635,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Kellie $544,000
Previous Owner Harris Kellie $592,000
Previous Owner Schmitz Scott $508,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2015 11/10/15 Sold $740,000 +1.6% $321 / Sq Ft
09/18/2015 09/18/15 Pending -- -- --
09/08/2015 09/08/15 For Sale $728,000 -- $316 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,510 $876,005 $615,572 $260,433
2024 $11,510 $858,829 $603,502 $255,327
2023 $11,314 $841,990 $591,669 $250,321
2022 $10,629 $825,481 $580,068 $245,413
2021 $10,413 $809,296 $568,695 $240,601
2020 $10,386 $800,998 $562,864 $238,134
2019 $10,266 $785,293 $551,828 $233,465
2018 $9,915 $769,896 $541,008 $228,888
2016 $9,127 $740,000 $520,000 $220,000
2015 $8,608 $722,034 $358,174 $363,860
2014 $8,558 $707,891 $351,158 $356,733
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mike Nichols

    Engel & Völkers -Long Beach

  • S

    Buyer's Agent in 2015

    Sam Pitassi

    Mortgage Funding Group

    (949) 632-3972

    46 Total Sales

    Sam Pitassi
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV15198277

California Regional Multiple Listing Service (CRMLS)

APN: 7259-010-011

California Los Angeles County Long Beach 90804 Bryant

1383 Newport Ave, Long Beach, CA

This home is located at 1383 Newport Ave, Long Beach, CA 90804 since 08 September 2015 and is currently estimated at $1,249,094, approximately $541 per square foot. This property was built in 1931. 1383 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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