Long Beach, CA 90803
Bedrooms
Bathrooms
Sq Ft
Lot Size Sqft
Year Built
HOA
Type
Days on Market
Status
Bedrooms & Bathrooms
Interior Features
Interior Area
Parking
Property Features
Lot Details
Construction
Community & HOA
Financial & Listing Details
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 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.
On Market Since
April 30, 2026
Data Source
CRMLS #PW26093414
Listing Updated
11 days ago
Roots Checked
12 days ago
Listed By
Steven Bogoyevac
5622571231
Steven M. Bogoyevac, Broker
Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.