$1,655,000
246 Newport, Long Beach CA 90803
Multi-Family (Fourplex)
Property type
39 days
On market
$690
Price per sqft
2 cars
Garage
1922
Year built
6,788 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Steven Bogoyevac DRE #01332755 562-257-1231, Steven M. Bogoyevac, Broker
Listing updated: Apr 28, 2026 at 01:14pm.
Last checked: Jun 5, 2026 at 04:31pm
Source: CRMLS #PW26090530
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $0 | $0 | $3,350 | Unfurnished |
| 1 | 1 | 1 | — | $1,895 | $1,895 | $2,595 | Unfurnished |
| 2 | 0 | 1 | — | $1,845 | $3,690 | $1,895 | Unfurnished |
# of Buildings: 3
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 0
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
15.4x
List Price / Annual Gross Rent
Cap Rate
4.34%
NOI / List Price
Gross Scheduled Income: $107,220
Operating Expense: $32,229
Net Operating Income: $71,775
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: None
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 2
Common Walls: No Common Walls
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7264001031
Additional Parcels: No
Tax Lot: 3
Tax Block: D
Subdivision: Belmont Heights (BH)
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 246 Newport, Long Beach, CA 90803. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,324,000
Total Interest
$1,688,689
Total Payment
$3,012,689
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,243
per month
Property History for 246 Newport
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90803.
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