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Additional details
Listed by Steven Bogoyevac, DRE #01332755 • Steven M. Bogoyevac, Broker
$1,655,000
Est. payment /mo
2 Beds
1 Bath
1,000 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $1,655
MLS Listing ID CRPW26093414
Bedrooms 2
Full Baths 1
Year Built 1922
Lot Size 6,788 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
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 Beach's 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
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Cooling None
Fireplaces Type None
Laundry None
Exterior
Garage Spaces 2.0
Pool None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 7264001031
Special Listing Condition Not Applicable
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