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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 1,655,000

Est. payment | -/mo

3 Beds

3 Baths

6,788 Sqft Lot

Save

$ 1,655,000

Est. payment | -/mo

Save

3 Beds

3 Baths

6,788 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID PW26090530

Bedrooms 3

Lot Size 6,788 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Marcus & Millichap is pleased to present 246 Newport Avenue, a charming four-unit investment opportunity in Long Beachs 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

Zoning Assessor

Direction Between Broadway & Vista

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7264001031

Acceptable Financing Cash

Listing Terms Cash

Listed by Steven Bogoyevac, DRE#01332755 Steven M. Bogoyevac, Broker

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA, 92008, USA

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246 Newport Long Beach, CA 90803