246 Newport, Long Beach, CA 90803
246 Newport, Long Beach, CA 90803
246 Newport, Long Beach, CA 90803
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
$1,655,000
Est. payment /mo
2 Beds
1 Bath
1,000 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,000 sqft

Price per Sqft $1,655

MLS Listing ID PW-26093414

Bedrooms 2

Full Baths 1

Year Built 1922

Lot Size 6,788 Sqft

Property Sub-Type Single Family Residence

Source California Regional Multiple Listing Service (CRMLS)

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 mortgage costs.

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

Community Features Suburban

View Y/N No

View None

Building

Lot Description Rectangular Lot

Sewer Public Sewer

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Nearby School & Business

Paul Ward
Paul Ward

Broker Associate | License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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