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    926 Newport 928 Long Beach, CA 90804

    Sponsored
    For Sale
    $1,100,000

    Triplex, Bungalow - Long Beach, CA

    Type:Triplex
    Property size:
    2,193 SF
    Lot size:
    6,507.00 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 4 at 10:06 am

    Property Features for 926 Newport 928

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    5
    Bathrooms
    2
    APN
    7258009004
    Parking
    1
    Interior features
    Unfurnished, None
    Exterior features
    Fence, Community Features Included: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban, 0-1 Unit/Acre
    Fencing
    Fenced
    Appliances
    Garbage Disposer, Range, Range - Gas, Refrigerator
    Size
    2,193 SF
    Lot size
    6,507.00 Acres

    Utilities

    Heating system
    Floor Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1923
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Wood
    Roof type
    Composition
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Craig Smith

    Coldwell Banker Coastal Alliance (562) 494-4600

    Listing agent Craig Smith (562) 494-4600 License #00543003

    Listing date Feb 3, 2026

    MLS# PW26020408 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Long Beach Triplex Investment Opportunity

    Located east of Redondo, this property features three units in a Craftsman style. It includes a side-by-side duplex in the front and a separate, detached one-bedroom, one-bath house in the back, all sharing a yard. The property has a new roof and exterior paint. The total lot size is 6,507 square feet. The north side unit of the duplex, located at 928 Newport, is an updated one-bedroom, one-bath unit with recessed lighting, hook-ups for a stackable washer and dryer in the kitchen, stainless double sinks, and plush carpet. The adjacent unit at 926 Newport is a three-bedroom, one-bath unit. One of the three bedrooms at 926 is junior sized but includes a closet. This unit also has double sinks in the kitchen and washer and dryer hookups. According to the assessor, the total square footage of the duplex is 1,593 square feet. Both units benefit from natural light, ceiling fans, and a stove. Automatic sprinklers are installed in the front. The back house, located at 926 1/2 Newport, is a detached one-bedroom, one-bath unit with approximately 600 square feet and a yard. A single garage, currently used by the owner, will be cleared. On the north side of 926 1/2 is a parking pad currently rented by one of the tenants for $200 per month. The separate house at 926 1/2 is equipped with washer and dryer hook ups and stove. The property has been under the same ownership for 36 years, presenting a significant investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.151
    Latitude
    33.7834

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    FAQs

    What type of property is this?
    Triplex - Eastside Long Beach triplex with updated units and detached house.
    Where is this triplex located?
    The property is located at 926 Newport 928 Long Beach, CA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Three-unit property (duplex and detached house) offering income potential.; - Updated 1-bedroom unit with recessed lighting, in-unit laundry, and stainless steel sinks.; - New paint and new roof.
    (562) 494-4600
    Request Owner's contact information
    926 Newport 928 Long Beach, CA 90804
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    Long Beach, CA 90804
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    926 Newport 928 Long Beach, CA 90804
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    We can help!
    Listing Contact
    Craig Smith
    Real Estate License ID: 00543003
    (562) 494-4600
    Learn more
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