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Sold Date3/31/2021
Closed

754 Newport AvenueLong Beach, California CA90804-5100

Listing IDPW20255103

4,453 SqFt 0.140 Acres

$1,550,000

Excellent opportunity to own a prime fourplex located in the desirable historic Rose Park district of Long Beach, close to Cal State Long Beach and a short hop to Recreation Golf Course, the Colorado Lagoon and Belmont Shore. This is a “Tenant magnet” building offering four townhouse units and for added privacy; private balcony/patio, inside laundry in each unit complete with washer and dryer, and two Master units with fireplaces. Two(2) 2BR/2BA units, One(1) mini-master with 2BR/2.5BA and fireplace and one(1) very large 3BR/2BA “owners” unit with an impressive stone FP; upstairs master bedroom and two of the bedrooms downstairs, ideal for a mom-in-law. This 3BR unit has recently been completely remodeled with new flooring, paint, granite countertops, vanities, lighting and so much more. Units A&B have updated flooring and Unit A has Quartz countertops. The total interior square footage is 4,453 making these units very LARGE and comfortable. Tenants pays gas & electric keeping Seller expenses low and minimal. This is an incredible asset, most especially at today’s interest rates, and is the epitome of everything that is great about multifamily investing in SoCal. As an investor, the location, the lifestyle, and the income this property generates are hard to ignore.
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