John E Burge

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246 NewportLong Beach, CA 90803

Single Family · 2 Beds · 1 Full Bath · 1,000 Sq. ft. | 0.16 Acres
$1,655,000 Active

246 Newport Overview

Time on Site:
60 days
Visits:
0

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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246 Newport Facts & Features

  • Type Single Family
  • Sq. ft. 1,000
  • Price/Sq.ft. $1,655
  • Lot 0.16 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

School Information

  • School District: Long Beach Unified

Building Information

  • New Construction: No
  • Year Built: 1922

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: 2 - Belmont Heights, Alamitos Heights
  • Postal City: LONG BEACH
  • Subdivision Name: Belmont Heights (BH)

Community/Development

  • Community Features: Suburban

Rent/Lease Information

  • Land Lease: No
  • Lease Considered: No

General Information

  • Listing Terms: Cash,Cash to New Loan
  • Parcel Number: 7264001031
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2

General Information

  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Features: All Bedrooms Down
  • Laundry Features: None
  • Levels: One
  • Living Area: 1000.0
  • Living Area Source: Estimated
  • Living Area Units: Square Feet
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Stories: 1
  • Stories Total: 2

Exterior

Parking Information

  • Parking Total: 2.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.1558
  • Lot Size Area: 6788.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 6788.0
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Attached Garage: No
    • Property Attached: No
    • Structure Type: Quadruplex

    General Information

    • Number Of Units Total: 4
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer

    246 Newport Neighborhood

    Community

    90803 (Long Beach) Demographics

    46
    Median Age
    3,935
    Population Density (per sq. mile)
    62%
    College Educated
    $92,230
    Estimated Median Income
    7,269
    Estimated Total Home Owners
    9,589
    Estimated Total Renters
    43% / 57%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    246 Newport Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    246 Newport Market Data

    Based on the last 30 days in this zip code

    $2,081,119
    Average List Price
    $942
    Average Price per Square Foot
    26
    Properties Sold
    65
    Average Days on Market
    270
    Properties for Sale
    Calculations provided by Reliance Network

    246 Newport History

    Date Event Value Agent
    4/30/2026Source: CRMLS Added to Database
    April 30, 2026
    4/27/2026Source: CRMLS Added to Database
    April 27, 2026
    Listing provided courtesy of Steven M. Bogoyevac, BrokerSteven Bogoyevac- MLS# PW26093414MLS ProviderContact Information: 562-436-5800
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