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246 Newport , Long Beach, CA 90803
$1,655,000
Est. Payment: $8,327.70/mo
2 Bed
1 Bath
1000 Sqft
Status: active | Days on site: 97
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House Description

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 Beachs 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 along 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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Highlights

Listed by Steven Bogoyevac , 310-872-6664 Steven M. Bogoyevac, Broker , 562-436-5800. San Diego County Multiple Listing Service mls logo

Property Type

Residential
Lot/Acreage
0.16

Year Built

1922

County

Los Angeles

 Neighborhood

Belmont Heights (BH)

Listing ID

PW26093414

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Appliances:N/K
Air Cond:N/K
Fireplaces:N/K
Other:Public

Exterior Features

Garage Capacity:2
Sewer:Public Sewer
Principal Interest
$8,328
Taxes
$1,055

Home Price

$1,655,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$331,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,327.70

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,327.70 $1,055.06 $0.00 $9,382.76
Yearly $99,932.38 $12,660.75 $0.00 $112,593.13
Total $2,997,971.41 $379,822.50 $0.00 $3,377,793.91

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Long Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-08-08T20:21:00.000Z

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