$1,850,000
426 Newport, Long Beach CA 90814
Multi-Family (6 Units)
Property type
4 days
On market
$390
Price per sqft
8 cars
Garage
1978
Year built
6,752 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Frederick Okuda DRE #02073148, N. P. Property Management Inc., Mariko Artis DRE #02062257 310-955-8028, ADW Management USA, Inc.
Listing updated: Jun 3, 2026 at 05:57am.
Last checked: Jun 3, 2026 at 06:30am
Source: CRMLS #TR26118472
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,260 | $2,260 | $2,400 | Unfurnished |
| 1 | 1 | 1 | — | $1,328 | $1,328 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,740 | $1,740 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,930 | $1,930 | $1,995 | Unfurnished |
| 1 | 1 | 1 | — | $1,900 | $1,900 | $1,995 | Unfurnished |
| 1 | 2 | 1 | — | $2,100 | $2,100 | $2,200 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Separate Electric Meters: 7
Separate Gas Meters: 7
Separate Water Meters: 1
Rent Control: No
Units Leased: 6
Total Actual Rent: $11,258
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
13.7x
List Price / Annual Gross Rent
Cap Rate
4.43%
NOI / List Price
Gross Scheduled Income: $135,096
Vacancy Allowance: $4,324
Vacancy Allowance Rate: 3%
Operating Expense: $57,905
Net Operating Income: $81,926
Annual Operating Expenses
Electric: $330
Gardener: $1,200
Fuel: $2,142
Insurance: $6,500
Maintenance: $8,000
New Taxes: $24,846
Pest Control: $600
Professional Management: $11,186
Trash: $0
Water / Sewer: $2,100
Other Expense: $1,000
Interior
Laundry: Common Area
Entry Location: Ground
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7257001019
Additional Parcels: No
Tax Lot: 17
Tax Block: 5
Subdivision: Belmont Heights (BH)
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 426 Newport, Long Beach, CA 90814. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,480,000
Total Interest
$1,887,658
Total Payment
$3,367,658
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,432
per month
Property History for 426 Newport
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90814.
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