Sold for $3,200,000

Listed by: The Moore Group • Kristina Moore • Contact: 714-809-7608

Bought with: The Moore Group

$3,200,000

1365 Newport Ave, Long Beach, CA 90804

17beds

17baths

8,598sqft

Multi Family

Built in 1987

-- sqft lot

$2,616,800 Zestimate^®

$372/sqft

$2,940 Estimated rent

Home value

$2,616,800

$2.25M - $3.04M

$2,940/mo

Zestimate^® history

Owner options

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$2,940/mo

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$2,940/mo

Rent Zestimate^®

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$20,333/mo

Est. payment

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$20,333/mo

Est. payment

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What's special

PRIME EAST SIDE LOCATION!! FIRST TIME ON THE MARKET IN 26 YEARS! PRIDE OF OWNERSHIP BUILDING GATED FULLY SECURED 80'S CONSTRUCTION BUILDING! MAJORITY OF THE UNITS HAVE BEEN UPGRADED AND FULLY REHABBED WITH NEW KITCHENS INCLUDING APPLIANCES, BATHROOMS, HARDWOOD FLOORS THROUGHOUT AND TILE IN BATHROOMS. GROUND FLOOR GATED COVERED PARKING LOT. ONSITE LAUNDRY ROOM WITH MACHINES OWNED BY SELLERS NOT LEASED EQUIPMENT WHICH BRINGS IN ADDITIONAL MONTHLY INCOME! UNITS ARE INDIVIDUALLY METERED FOR GAS AND ELECTRIC. TENANT PAYS UTILITIES. OWNER PAYS WATER. CLOSE DISTANCE TO CSULB, 2ND STREET, SHOPPING AND MORE!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 17
Bathrooms: 17

Heating

Wall Furnace

Appliances

Included: Dishwasher, Gas Range, Microwave, Refrigerator
Laundry: Common Area

Features

Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 8,598
Total interior livable area: 8,598 sqft

Property

Parking

Total spaces: 28
Parking features: Assigned, Controlled Entrance, Covered, Electric Gate
Garage spaces: 14
Carport spaces: 14
Covered spaces: 28

Features

Levels: Three Or More
Stories: 3
Entry location: ground floor
Pool features: None
Spa features: None
Has view: Yes
View description: None

Lot

Size: 5,991 Square Feet
Features: 6-10 Units/Acre

Details

Parcel number: 7259010024
Zoning: LBR2N
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1987

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks
Subdivision: Eastside (Es)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $372/sqft
Date on market: 1/31/2024
Cumulative days on market: 105 days
Listing terms: Cash to New Loan
Total actual rent: 18545
Tenant pays: Electricity, Gas, Trash Collection

Price history

Date	Event	Price
7/22/2024	Sold	$3,200,000-1.2%$372/sqft
Source: CRMLS #PW24017480 Report a problem
5/16/2024	Pending sale	$3,240,000$377/sqft
Source: CRMLS #PW24017480 Report a problem
2/27/2024	Price change	$3,240,000-5.3%$377/sqft
Source: CRMLS #PW24017480 Report a problem
1/31/2024	Listed for sale	$3,420,000$398/sqft
Source: CRMLS #PW24017480 Report a problem