426 Newport Long Beach, CA $ 1,850,000
426 Newport
$ 1,850,000
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426 Newport

Long Beach, CA, 90814
$ 1,850,000
Baths1.0 Sq 4,740

Monthly Estimate*

$ 11,391

Listed by N. P. Property Management Inc.
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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,850,000 with 1 full bath. This 4,740 square foot home was built in 1978 on a lot size of 0.155.

426 Newport Ave, is a 6-unit property located in the Belmont Heights of Long Beach. It is an excellent investment opportunity in on the city’s most established coastal residential submarkets .This complex consists of 2 units with 2 Bedroom / 1 Bathroom and 4 units with 1 Bedroom / 1 Bathroom. Major exterior renovations such as but not limited to roof, windows, exterior paint, and decks were conducted in 2022. The decks have been properly inspected and passed to meet the SB-721 ordinance. This property is conveniently located minutes from Bluff Park, offering ocean views, open green space as well as downtown Long beach, Cal State Long Beach, Long Beach Convention center, Pike outlets and other major employment centers. Overall this property offers investors the opportunity to own in a premier Long Beach coastal neighborhood with durable rental demand and exceptional access to the city’s most desirable lifestyle amenities.

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.155

Year Built

1978

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

TR26118472

Days on Market

2

Features
General
Sewer Public Sewer
Possession Close Of Escrow
Garage Spaces 8
Pool Features None
Year Built 1978
Tenant Pays Electricity Gas
Property Subtype Apartment
Gross Income 144156
Community Features Sidewalks
County Los Angeles
Net Operating Income 81926.34
Operating Expense 57905
Insurance Expense 6500
New Construction false
Property Type Residential Income
MaintenanceExpense 8000
Subdivision Name Belmont Heights (BH)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions From PCH go south on Redondo Ave East on 6th St and south on Newport Ave
City Long Beach
Entry Location Ground
Senior Community Y/N false
Number Of Units Total 6
MLS Area 2 - Belmont Heights Alamitos Heights
Lot Size Units Square Feet
Lot Size Square Feet 6752
Number of Units Leased 6
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 330
Current Financing None
Fuel Expense 2142
Trash Expense 0
Water Sewer Expense 2100
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 17
Total Actual Rent 11258
Property Sub Type Additional Apartment
Taxes 24846
Cap Rate 4.43
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Assigned
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 8
Lot Size Area 6752
Number of Buildings 1
Building Area Total 4740
Lot Size Acres 0.155
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
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* Excluded Features
List By
N. P. Property Management Inc.

Broker

freddy@nppmgt.com

Email

Affordability Calculator

$11,391
Per Month
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Monthly Principal & Interest
$11,391
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/1/2026$1,850,000 Listed Price

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426 Newport, Long Beach, CA, 90814 is a Multi-Family Home for sale at $1,850,000 with 4,740 sqft and a lot size of 0.155. 426 Newport is a studio with 1.0 baths and was built in 1978. The property's zip code is 90814 which is in Long Beach, CA