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426 Newport, Long Beach, CA 90814

  • $1,850,000

    •

  • —

    bed

  • —

    bath

Multi-family pending
Movoto is helping 68 homebuyers near you

About 426 Newport

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 6,752 Sqft
Movoto estimate
Parking 8 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Frederick Okuda
Listing Agent Contact: 213-377-4203
Listing Office - N. P. Property Management Inc.
Source: CRMLS mls logo
MLS#TR26118472 • last updated 2 weeks ago
Movoto checked CRMLS for data 11 minutes ago
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Overview
Type Residential Income
SubType Apartment
Status Pending
Lot Size (Acres) 0.155
Lot Size (SqFt) 6752
Year Built 1978
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 4740
Parking Assigned
# Parking Spaces 8
# Garage Spaces 8
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Subdivision Belmont Heights (BH), Belmont Heights (BH)
Directions From PCH, Go South On Redondo Ave, East On 6th St And South On Newport Ave
APN 7257001019
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 4324
Laundry Income 360
Operating Expense 57905
Cap Rate 4.43
Expense: Insurance 6500
Total Expenses 57905
Expense: Maintenance 8000
Expense: Water/ Sewer 2100
Gross Income 144156
Gross Operating Income 144156
Expense: Electric 330
Gross Multiplier 12.83
Gross Scheduled Income 135096
Expense: Fuel 2142
Expense: Gardener 1200
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6/10
Mann Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Belmont Heights

Explore everything this neighborhood has to offer. Learn more about Belmont Heights.
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78/100
Walk
65/100
Family
89/100
Dining
96/100
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90814
  • Belmont Heights
  • 426 Newport

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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