1055 Newport Avenue $3,950,000

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    1055 Newport Avenue Long Beach, CA 90804

    Closed
    SOLD 2/14/2020

    $3,950,000

    Market Estimate
    • 0 Beds
    • 0 Baths
    • 9,500 sq. ft.
    • Multi-Family
    • MLS# OC18123342
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    Property Details

    1055 Newport Avenue is a 13-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. 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. 1055 Newport Avenue is located under 2 miles from California State University, Long Beach, the third largest campus in the 23-member California State University system. The university enrolls over 33,000 students annually and is a major local economic driver, generating a $1 billion impact on the regional and statewide economy each year. The property is also is located within walking distance of the Belmont Shopping Center, a 112,302 SF retail center anchored by Food 4 Less and Rite Aid.

    • General Features
      • Number Of Units Leased 13
      • Number Of Separate Water Meters 1
      • Number Of Separate Electric Meters 13
      • Number Of Separate Gas Meters 13
      • Number Of Units Total 13
      • Year Built 1985
      • Subdivision Name Eastside (ES)
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Community Features Curbs
    • Building Features
      • Carport Spaces 13.00
      • Heating Floor Furnace
      • Laundry Features Community
    • Property Features
      • Lot Size Acres 0.21
      • Lot Features Landscaped
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 13.00

    Neighborhood

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    Market Last 30 Days In This Postal Code

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    Property History

    Date Event Price Percent Change
    -- New in Database Source
    2/14/2020 12:00:00 AM Sold Source New Value: $3,950,000
    Based on information from California Regional Multiple Listing Service, Inc. as of 5/30/2020 2:23:33 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.