754 Newport AVE, Long Beach, CA 90804 – PW20255103

$1,550,000

$1,479,000

4.8%

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment -/mo

6,098 Sqft Lot

SOLD DATE : 03/31/2021

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

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

Interior

Interior Features Balcony, Block Walls, Ceiling Fan(s), Cathedral Ceiling(s), Granite Counters, High Ceilings, Open Floorplan, Tile Counters, Multiple Master Suites

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

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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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by Ryder Cotton • Keller Williams Coastal Prop.
Bought with Vlad Rodov • Coldwell Banker Coastal Alliance

+1(626) 630-2141

andreww@gowpnow.com

43620 Ridge Park Dr, Temecula, CA, 92590, United States

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