$1,250,000
For Sale

729 Newport Avenue

Long Beach, CA 90804
0.14 acres | #PW24118214
Listing OfficeKeller Williams Pacific Estate
Browse 38 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

FANTASTIC OPORTUNITY FOR AN INVESTOR OR A FAMILY! LIVE IN ONE UNIT AND RENT OUT THE OTHER, RENT OUT BOTH, OR BUILT AND ADU IN BACK YARD AND BUILD A SECOND APPARTMENT INSTEAD OF THE 4 CAR GARAGE. This property has Two Separate Buildings on a Large 6,255 Sq Ft Lot with the potential of building an ADU adjacent to the prestigious Belmont Heights Neighborhood. The Main Home is a classic California Craftsman with 960 Sq Ft of Living Space, that includes a lovely Living Room with a Dining space with a built-in hutch, 2 Bedrooms and 1 Full Bathroom, a spacious Kitchen with a Pantry, and a separate Laundry room with Washer/Dryer hookups. The Craftsman remains one of the Most Popular American Architecture Styles, reflecting Timeless Aesthetics and Value. The Artisanal Craftsmanship of this house has been solidly and lovingly maintained by the sellers to focus on the beauty of its Interior Craftsman Built Ins. The attention to details is apparent in this home's timeless characteristics. Step into the very inviting interior and you will feel the cozy, homey, unpretentious warmth of this home with its distinct and unique living spaces highlighted by the extensive use of wood, and a wood burning stove between the living and dining areas. The exterior features Low-Pitch Roofs with Protruding Gables and overhanging Eaves, Large Picture Windows and an Open Porch to Enjoy the Summer Breeze. The Second Unit is Built over a 4 Car Garage with 813 Sq Ft of Living Space with two balconies, a Covered Entrance and 1 oversized Bedroom and 1 Bathroom. This Light and Airy Home has an Amazing Amount of Storage which Includes a Fold Out Pantry, a Separate Broom Closet, A Walk In Closet, and a Deep Pull-out cabinet in the Full Bathroom. This Home Features a Separate Entrance with No Common Walls Offering a Great Income Opportunity, or as a Mother-in-Law/Adult Child Living space. The Roof was replaced in 2024. Both units share a Landscaped backyard with a Covered Patio, Fire Pit, and Sprinklers. The yard also features several Fruit trees as well as raised beds for your gardening pleasure. The 4-car garage has double-car entry from both the front and rear of the garage, allowing access street and the back alley. Additional off-street parking for both units is also available in the long driveway leading to the garage. These units are located in a well-established neighborhood. You'll Love Making this Your New Home Only Few Blocks away from the Ocean!!! WATCH VIDEO OF 731 NEWPORT.

  • Interior Details
      • InteriorBedroomOnMainLevel, MainLevelPrimary, WalkInClosets
  • Property Details
      • Lot DescriptionTwoToFiveUnitsAcre, FrontYard, Garden, SprinklersInRear, SprinklersInFront, Lawn, Landscaped, SprinklerSystem
      • Stories2
    • Measurements
      • Acres0.1436
    • Parking
      • Parking Spaces4
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1918
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionEastside (ES)
    • Location
      • CountyLos Angeles
  • Financial Details
      • Original List Price$1,299,000
  • Other
      • MLS #PW24118214

Location

Jennifer WalterReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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