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1055 Newport Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
13 Units
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 9,500 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1985 |
| Building Class | C | ||
| Zoning | R4, Long Beach | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,500 SF |
| No. Stories | 3 |
| Year Built | 1985 |
| Zoning | R4, Long Beach |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
ABOUT 1055 NEWPORT AVE , LONG BEACH, CA 90804
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1055 Newport Avenue, a 13-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. Situated on a 0.21-acre lot, the 9,500 square foot property consists of one- and two-bedroom floor plans averaging over 730 square feet. Built in 1985, the property offers amenities including gated pedestrian and vehicle access, gated covered parking, private patios, private balconies, and on-site laundry.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,325 | 575 |
| 2+1 | 3 | $1,600 | 675 |
| 2+2 | 7 | $1,673 | 800 - 825 |
PROPERTY TAXES
| Parcel Number | 7258-007-037 | Improvements Assessment | $3,297,185 |
| Land Assessment | $1,093,645 | Total Assessment | $4,390,830 |
PROPERTY TAXES
