17
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$1,655,000
Est. payment /mo
2 Beds
1 Bath
1,000 SqFt
New
246 Newport Long Beach, CA 90803
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $1,655
Subdivision Belmont Heights (Bh)
MLS Listing ID PW26093414
Bedrooms 2
Full Baths 1
Year Built 1922
Lot Size 6,788 Sqft
Property Sub-Type Detached
Property Description
Excellent opportunity for a new owner to occupy a charming two-bedroom/one-bath Craftsman home and utilize the rental income from three apartment units to offset the mortgage. Marcus & Millichap is pleased to present 246 Newport Avenue, a charming four-unit investment opportunity in Long Beachs highly desirable Belmont Heights neighborhood, which is known for its tree-lined streets, Craftsman architecture, and strong tenant appeal. The property features a two-bedroom/one-bath single-family home, a duplex containing one studio and one one-bedroom unit with an office, and a studio above a two-car garage. Tenants also enjoy a shared backyard. 246 Newport Avenue boasts an exceptional rental location just four blocks from Bluff Park and the beach, walkability to popular restaurants along Broadway, and less than one mile from the vibrant dining, retail and entertainment corridor on Second Street. Its proximity to California State University, Long Beach, recreation, freeway access, and employers support consistent rental demand. The property has been professionally managed and provides stable in-place cash flow with potential upside. The two-bedroom home presents an ideal opportunity for a new owner to occupy the home and utilize rental income of the apartment units to offset mortgage costs.
Location
State CA
County Los Angeles
Direction Between Broadway & Vista
Interior
Fireplace No
Exterior
Garage Spaces 2.0
View Y/N Yes
Water Access Desc Public
Total Parking Spaces 2
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Senior Community No
Tax ID 7264001031
Acceptable Financing Cash, Cash To New Loan
Listing Terms Cash, Cash To New Loan
Special Listing Condition Standard
Listed by Steven Bogoyevac, DRE#01332755 Steven M. Bogoyevac, Broker
NEARBY SCHOOL & BUSINESS
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