Active

246 Newport

Long Beach, CA 90803
Mark as Favorite
Bed 2

Bed

Bath 1

Bath

SqFt1,000

Sqft

SqFt6,788

Sqft(Lot)

Excellent opportunity for a new owner to occupy a charming two-bedroom/one-bath Craftsman home and utilize the rental income from three apartment units to offset the mortgage. Marcus & Millichap is pleased to present 246 Newport Avenue, a charming four-unit investment opportunity in Long Beach’s 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 alon g 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.

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Detail Ic Property Details

Property Type : Residential

Price : $1,655,000

AD Id : 77883558

MLS Id : PW26093414

Beds : 2

Lot Size : 6,788 Sqft

Living Area Size : 1,000

Year Built : 1922

Garage : 2

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 2

    Bathroom Information

    Total Baths: 1 Full Baths: 1 Half Baths: 0

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Interior Features: All Bedrooms Down Fireplace: None
  • Cooling Features

    None Air Conditioning

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1922
  • Pool Features

    None

    Laundry Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1558
  • Lot Size Source: Public Records Lot Size Square Feet: 6788

  • Listing Price Information

    Original List Price: 1,655,000 Listing Contract Date: 2026-04-30
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7264001031

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 2 - Belmont Heights, Alamitos Heights Directions: Between Broadway & Vista Source Property Type: Residential Area: 2 - Belmont Heights, Alamitos Heights Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 104 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Assessor Total Square Feet Living: 1000 Entry Level: 1 Entry Location: 1 Levels or Stories: One Building Total Stories: 1 Structure Type: Quadruplex
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Nearby Home Value

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6247 E Golden Sands #184, Long Beach, CA, 90803 $235,000 2 -- 900 900 SqFt
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6911 E Ocean, Long Beach, CA, 90803 $3,499,000 3 3 2,382 2,382 SqFt
86 Via Di Roma Walk, Long Beach, CA, 90803 $1,995,000 3 2 1,987 1,987 SqFt
6600 E Ocean, Long Beach, CA, 90803 $1,999,999 3 3 1,624 1,624 SqFt
90 Rivo Alto Canal, Long Beach, CA, 90803 $3,498,000 4 2 2,600 2,600 SqFt
333 La Verne Avenue, Long Beach, CA, 90803 $1,780,000 3 3 1,714 1,714 SqFt
15 The Colonnade, Long Beach, CA, 90803 $10,250,000 5 5 6,182 6,182 SqFt
130 Geneva Walk, Long Beach, CA, 90803 $2,649,000 4 3 3,078 3,078 SqFt
2 60th Place, Long Beach, CA, 90803 $6,599,000 6 6 6,900 6,900 SqFt

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ByOwner last updated this listing 06/11/2026 @ 17:16

MLS: PW26093414 LISTED BY: Steven Bogoyevac, Steven M. Bogoyevac, Broker 562-436-5800 SOURCE: CRMLS

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