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246 Newport
For Sale $1,655,000 ($1,655.00 per Sq Ft)
$1,655,000 ($1,655.00 per Sq Ft)
- 2 Bedrooms
- 1 Bathrooms
- 1,000 Sq Ft
- 6,788 Sq Ft
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 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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,655,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 1,000 |
| Number of Stories | 2 stories |
| Parking Spots | 2 spots |
| Year Built | 1922 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7264001031 |
| MLS # | PW26093414 |
| Property ID | 322804944 |
| Lot Sqft | 6,788 |
| Zoning | Unknown |
| Total Units | 4 |
| Days on Market | 72 |
| Original List Price | $1,655,000 |
| Date Updated | May 01, 2026 |
| Date Created | April 30, 2026 |
Listing Provided By
Steven Bogoyevac an agent of . Lic #01332755
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 01, 2026 The information being 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.
Robert Crawford
REAL ESTATE AGENT