NOT LISTED FOR SALE

1750 Newport Ave Long Beach, CA 90804

Bryant Neighborhood
14 Beds
11 Baths
7,288 Sq Ft
8,357 Sq Ft Lot

Last Sold June 24, 2015

Last sale price $1,475,000 $202 Per Sq Ft

2 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Laundry Room
  • Woodrow Wilson High School Rated A

About This Home

As of June 2015

The “NEWPORTER” consisting of 8 spacious units plus 5 garages. This quality building was built in 1964 and has many upgrades such as a brand new roof (2008 for 15k), underground pipes were replaced with copper, newer vinyl double pane windows, exterior paint. The units consist of 3 Two Bedroom/2 bath units, one Townhouse style 2bed/1.5bath unit, two 2 bedroom/1bath units and 2 one bedroom/one bath unit. There are also 5 garages with additional parking for 5 more cars in front of the garages. The units are extremely spacious and have lath and plaster walls, 7,288 sq ft on a lot of more then 8000 sq ft. Situated in a great rental area near the traffic circle and Cal Stare LB. Great rental history of many long term tenants and potential room for more rental income. Only two owners in the past 20 years! Laundry room for extra income.

See Supplements for Income & Expenses

Last Agent to Sell the Property

Michael Barber

Coldwell Banker Realty License #01332558 Listed on: 04/21/2015

Coldwell Banker Realty

Last Buyer's Agent

Michael Barber

Coldwell Banker Realty License #01332558 Listed on: 04/21/2015

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,357 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 7,288 Sq Ft Home
  • Traditional Architecture
  • Property Attached

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 11 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 5500
  • Assessor Parcel Number 7259003015

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,857
  • Insurance Expense $3,038
  • Maintenance Expense $1,944
  • Other Expense $2,110
  • Supplies Expense $101
  • Trash Expense $1,857
  • Water Sewer Expense $1,857
  • New Taxes Expense $14,262
  • Gross Income $10,050
  • Net Operating Income $70,623

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Supplies Expense: 101.00
  • View: No
  • Water Sewer Expenses: 1857.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7259003015
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Trash Expense: 1857.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 8357.00
  • Price Per Lot Square Foot: 176.50
  • Lot Size Acres: 0.1920

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 1857.00
  • Gross Income: 10050.00
  • Gross Scheduled Income: 120600.00
  • Insurance Expense: 3038.00
  • Lot Size Area: 8357.0000 Square Feet
  • Maintenance Expense: 1944.00
  • Net Operating Income: 70623.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Range: 8
  • Operating Expense: 70623.00
  • Other Expense: 2110.00
  • Other Expense Description: Repairs
  • Rent Control: No

Tax Info

  • New Taxes Expense: 14262.00
  • Tax Lot: 8
  • Tax Tract Number: 5500
  • Tax Year: 2014

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2015 06/24/15 Sold $1,475,000 -1.7% $202 / Sq Ft
04/23/2015 04/23/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $1,500,000 -- $206 / 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 $35,318 $2,631,795 $1,591,812 $1,039,983
2024 $33,779 $2,580,192 $1,560,600 $1,019,592
2023 $33,211 $2,529,600 $1,530,000 $999,600
2022 $33,654 $2,480,000 $1,500,000 $980,000
2021 $21,092 $1,637,723 $1,143,632 $494,091
2020 $21,036 $1,622,601 $1,131,906 $490,695
2019 $20,791 $1,590,819 $1,109,712 $481,107
2018 $20,177 $1,559,660 $1,087,953 $471,707
2016 $18,544 $1,497,493 $1,045,707 $451,786
2015 $14,555 $1,185,807 $437,163 $748,644
2014 $14,481 $1,162,580 $428,600 $733,980
Source: Public Records

Agents Affiliated with this Home

  • Michael Barber

    Seller's Agent in 2015

    Michael Barber

    Coldwell Banker Realty

    (562) 659-3057

    21 Total Sales

    Michael Barber
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15084032

California Regional Multiple Listing Service (CRMLS)

APN: 7259-003-015

California Los Angeles County Long Beach 90804 Bryant

1750 Newport Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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