$1,550,000
$1,479,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
754 Newport AVE Long Beach, CA 90804
6,098 Sqft Lot
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW20255103
Sold Date 03/31/21
HOA Y/N No
Year Built 1987
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Excellent opportunity to own a prime fourplex located in the desirable historic Rose Park district of Long Beach, close to Cal State Long Beach and a short hop to Recreation Golf Course, the Colorado Lagoon and Belmont Shore. This is a “Tenant magnet” building offering four townhouse units and for added privacy; private balcony/patio, inside laundry in each unit complete with washer and dryer, and two Master units with fireplaces. Two(2) 2BR/2BA units, One(1) mini-master with 2BR/2.5BA and fireplace and one(1) very large 3BR/2BA “owners” unit with an impressive stone FP; upstairs master bedroom and two of the bedrooms downstairs, ideal for a mom-in-law. This 3BR unit has recently been completely remodeled with new flooring, paint, granite countertops, vanities, lighting and so much more. Units A&B have updated flooring and Unit A has Quartz countertops. The total interior square footage is 4,453 making these units very LARGE and comfortable. Tenants pays gas & electric keeping Seller expenses low and minimal. This is an incredible asset, most especially at today’s interest rates, and is the epitome of everything that is great about multifamily investing in SoCal. As an investor, the location, the lifestyle, and the income this property generates are hard to ignore.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR3S
Rooms
Ensuite Laundry Laundry Closet, Upper Level
Interior
Interior Features Balcony, Block Walls, Ceiling Fan(s), Cathedral Ceiling(s), Granite Counters, High Ceilings, Open Floorplan, Tile Counters, Multiple Master Suites
Laundry Location Laundry Closet,Upper Level
Heating Fireplace(s), Wall Furnace
Cooling Central Air, Gas, Wall/Window Unit(s)
Flooring Carpet, Vinyl
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Disposal, Gas Oven, Refrigerator, Dryer, Washer
Laundry Laundry Closet, Upper Level
Exterior
Garage Assigned, Door-Single, Garage
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Composition
Parking Type Assigned, Door-Single, Garage
Total Parking Spaces 7
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Lawn, Level, Rectangular Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7258024012
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Financing Cash
Special Listing Condition Standard, Trust
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Bought with Vlad Rodov • Coldwell Banker Coastal Alliance
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442