Long Beach, CA

$1,655,000

246 Newport, Long Beach, CA

Beds

Baths

1,000

Sq Ft

1922

Built

Days listed

About this home

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.

Facts & features

Interior

Bedrooms: 2
Bathrooms: 1 full, 0 half
Living area: 1,000 sq ft
Interior features: All Bedrooms Down
Fireplace: None
Cooling: None
Laundry: None
Levels: One

Exterior & lot

Lot size: 0.156 acres (6,788 sq ft)
Pool: None
Year built: 1922
Parking spaces: 2

Community

Area: 2 - Belmont Heights, Alamitos Heights
County: Los Angeles
Community features: Suburban

Listing details

Status: Active
Property type: Single Family Residence
Days on market: 1
Listed: 2026-04-30
Terms: Cash, Cash To New Loan
Parcel #: 7264001031
MLS #: PW26093414

Listed by

Steven Bogoyevac · Steven M. Bogoyevac, Broker

562-257-1231 steve.bogoyevac@marcusmillichap.comDRE #01332755

Location

Price history

Listed: $1,655,000 · 2026-04-30
Days on market: 1
Current price: $1,655,000

Financing

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Estimated monthly payment

$10,382

$8,369 principal & interest · $2,014 taxes & insurance

Down payment (20%)

$331,000

Est. rate (%)

Estimate only

Term (years)

Loan $1,324,000

Estimates only and not a loan offer. Property tax and insurance vary by location. Get pre-qualified below for your actual rate and payment.

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Listing data provided by CRMLS

Listing courtesy of Steven M. Bogoyevac, Broker. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.