4 units in a great LB location with a 91 Walk Score, nearby shopping, dining, Rec Park and more. Attractive unit mix: 1-3BR/2BA (single story), 2-2BR/2BA (2 story townhouses) and 1-2BR/1BA (2 story townhouse). Most units remodeled with new floors, all units are spacious and with well appointed floorplans. All units have a separate water heater and all electric building. Ample parking:(3) single car garages and (1) two car garage. Garages had a brand new roof last year. Onsite laundry facility and the entire property is gated and fully secured.
The property currently grosses approx $113,700 per year and is priced attractively at a real 4.31% CAP (actual) and a 14.73 GRM. At market rents the property is a 12.50 GRM and 5.45% CAP. Approx 18% upside in current rents.
Sold for $1,600,000
Listed by: Re/Max Commercial & Investment • Brian Estes • Contact: 310-802-2525
Bought with: Erik Michael Ransdell, Broker
$1,600,000
1034 Newport Ave, Long Beach, CA 90804
9beds
7baths
4,170sqft
Quadruplex
Built in 1972
-- sqft lot
$1,564,000 Zestimate®
$384/sqft
$3,929 Estimated rent
Home value
$1,564,000
$1.41M - $1.74M
$3,929/mo
Zestimate® history
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List your homeWhat's special
Ample parkingRemodeled with new floorsGreat lb location
Zillow last checked:
Listing updated:
Listed by:
Brian Estes DRE #01394559 310-963-2894,
Re/Max Commercial & Investment
Bought with:
Erik Ransdell, DRE #02077589
Erik Michael Ransdell, Broker
Source: CRMLS,MLS#: SB24243567
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,170
- Total interior livable area: 4,170 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 5
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 6,251 Square Feet
- Features: Level
Details
- Parcel number: 7258008006
- Zoning: LBR4R
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban
- Subdivision: Circle (Ca)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $384/sqft
- Tax assessed value: $1,326,705
- Annual tax amount: $17,894
- Date on market: 12/3/2024
- Cumulative days on market: 50 days
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2025 | Sold | $1,600,000-4.5%$384/sqft |
Source:  CRMLS #SB24243567 Report a problem | ||
| 2/21/2025 | Pending sale | $1,675,000$402/sqft |
Source: CRMLS #SB24243567 Report a problem | ||
| 1/22/2025 | Contingent | $1,675,000$402/sqft |
Source: CRMLS #SB24243567 Report a problem | ||
| 12/3/2024 | Listed for sale | $1,675,000+43.7%$402/sqft |
Source: CRMLS #SB24243567 Report a problem | ||
| 12/14/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/17/2021 | Listed for rent | $1,995 |
Source: Zillow Rental Manager Report a problem | ||
| 10/3/2017 | Sold | $1,166,000-6.7%$280/sqft |
Source: Public Record Report a problem | ||
| 8/29/2017 | Pending sale | $1,250,000$300/sqft |
Source: Pabst, Kinney & Associates #PW17120042 Report a problem | ||
| 8/14/2017 | Price change | $1,250,000-3.6%$300/sqft |
Source: Pabst, Kinney & Associates #PW17120042 Report a problem | ||
| 7/17/2017 | Price change | $1,297,000-2.1%$311/sqft |
Source: Pabst, Kinney & Associates #PW17120042 Report a problem | ||
| 7/7/2017 | Price change | $1,325,000-1.9%$318/sqft |
Source: Pabst, Kinney & Associates #PW17120042 Report a problem | ||
| 6/26/2017 | Listed for sale | $1,350,000$324/sqft |
Source: Pabst, Kinney & Associates #PW17120042 Report a problem | ||
| 6/15/2017 | Pending sale | $1,350,000$324/sqft |
Source: Pabst, Kinney & Associates #PW17120042 Report a problem | ||
| 5/31/2017 | Listed for sale | $1,350,000+77.6%$324/sqft |
Source: Pabst, Kinney & Associates #PW17120042 Report a problem | ||
| 1/23/2009 | Sold | $760,000-1.3%$182/sqft |
Source: Public Record Report a problem | ||
| 11/9/2008 | Listed for sale | $770,000+71.1%$185/sqft |
Source: Listhub #P663932 Report a problem | ||
| 11/17/2000 | Sold | $450,000+52.5%$108/sqft |
Source: Public Record Report a problem | ||
| 6/4/1999 | Sold | $295,000+1%$71/sqft |
Source: Public Record Report a problem | ||
| 1/26/1999 | Sold | $292,170+29117%$70/sqft |
Source: Public Record Report a problem | ||
| 10/10/1997 | Sold | $1,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,894 +4.7% | $1,326,705 +2% |
| 2024 | $17,086 +1.7% | $1,300,692 +2% |
| 2023 | $16,800 +6.5% | $1,275,189 +2% |
| 2022 | $15,774 -1.9% | $1,250,186 +2% |
| 2021 | $16,087 +4.4% | $1,225,673 +1% |
| 2020 | $15,412 | $1,213,106 +2% |
| 2019 | $15,412 +4.1% | $1,189,320 +2% |
| 2018 | $14,803 | $1,166,000 +38.3% |
| 2017 | $14,803 +34.6% | $843,274 +2% |
| 2016 | $10,995 +7.7% | $826,741 +1.5% |
| 2015 | $10,209 +4.8% | $814,323 +2% |
| 2014 | $9,745 | $798,373 +2.5% |
| 2012 | -- | $779,183 +2% |
| 2011 | -- | $763,906 +0.8% |
| 2010 | -- | $758,198 -0.2% |
| 2009 | -- | $760,000 +47.2% |
| 2008 | -- | $516,227 +2% |
| 2007 | -- | $506,105 +2% |
| 2006 | -- | $496,183 |
| 2005 | -- | $496,183 +4% |
| 2004 | -- | $476,918 +1.9% |
| 2003 | -- | $468,179 +2% |
| 2002 | -- | $459,000 +52.5% |
| 2000 | -- | $300,900 |
Find assessor info on the county website
Neighborhood: East Side
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Nearby schools
GreatSchools rating
- 3/10Willard Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Jefferson Leadership Academies SchoolGrades: 6-8Distance: 0.3 mi
- 6/10Wilson High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$1,564,000
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Estimated market value
$1,564,000
- California
- Los Angeles County
- Long Beach
- 90804
- East Side
- 1034 Newport Ave
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