363 Newport Avenue 319, Long Beach, California 90814, Long Beach, 90814 - 1 bed, 1 bath
Loading property details...
Long Beach, California 90814
This Value-Add Condominium is listed at $380,000, currently priced slightly above its $371,724 Fair Market Value. Retaining its 1972 Original Condition, the property carries a Fair Condition Rating, offering a clear path for forced appreciation through cosmetic modernization. Situated in the prime Belmont Heights neighborhood within the Long Beach Unified district, the asset includes a Courtyard View, Sparkling Pool, and secure gated parking. This property represents a strategic coastal acquisition, ideal for Buy-and-Hold Investors or first-time buyers seeking to build equity in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 363 Newport Avenue 319 Subject | $380,000* List Price | 1 | 1 | 628 | $592 | - |
A 2805 E 3rd 20 Sold | $325,000 | 1 | 1 | 731 | $445 | 0.4 mi |
B 420 Redondo Avenue 301 Sold | $443,000 | 1 | 1 | 759 | $584 | 0.1 mi |
C 345 Wisconsin 207 Sold | $428,500 | 1 | 1 | 715 | $599 | 0.6 mi |
D 3042 E 3rd Street 3 Sold | $392,500 | 1 | 1 | 661 | $594 | 0.3 mi |
E 372 Carroll Park E 305 Sold | $460,000 | 1 | 1 | 802 | $574 | 0.6 mi |
F 2135 E Florida Sold | $400,000 | 1 | 1 | 589 | $679 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is in its original 1972 condition and has not undergone any major renovations in over 50 years. While the listing suggests it only needs light cosmetic updates like paint and flooring to be move-in ready, the kitchen, bathroom, and overall interior style are significantly outdated. It fits the 'fair' criteria as an aged home maintained through basic upkeep where major components are functional but show clear signs of being past their modern design lifespan.
Situated near Belmont Shore and Retro Row, the property offers excellent proximity to beaches, dining, and shopping, ensuring high lifestyle and resale appeal.
The unit is in original condition, providing a significant opportunity for investors or first-time buyers to build equity through cosmetic renovations and modernization.
Residents benefit from secure gated subterranean parking with an assigned space, a swimming pool, and elevator access, which are premium features for this price point.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 628, other record living area = 597.
The property is in its original 1972 state, requiring an immediate additional investment for flooring, paint, and updates to be competitive with remodeled units.
The reliance on communal on-site laundry facilities rather than private in-unit hookups may be a drawback for modern buyers seeking maximum convenience.
Welcome to 363 Newport Avenue #319 in the desirable South Newport Condos of Long Beach! This interior 1 bedroom, 1 bath condo is approximately 628 square feet and overlooks the beautifully kept courtyard, providing a peaceful and private setting within the building. This unit is in its original condition and presents an outstanding opportunity to personalize and build equity with light cosmetic updates such as fresh paint and new flooring. Remodeled units in this same building have recently sold for substantially more, highlighting the upside potential and value-add opportunity. Community amenities include gated subterranean parking with a private assigned space, elevator access, a sparkling pool, secure building entry, and convenient on-site laundry facilities. Ideally located near Belmont Shore, Retro Row, beaches, dining, shopping, and major transportation routes, this property is well positioned for both lifestyle and investment appeal. Whether you are a first-time buyer looking to enter the market or an investor seeking strong rental and resale potential in Long Beach, this is a compelling opportunity to purchase below market and create long-term value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 44% |
| Baths | 1.0 | 2.0 | 44% |
| Square foot | 628 | 883 | 8% |
| Lot Size | - | 14,619 | 12% |
| Price | $380.0K | $520.0K | 8% |
| Price per sq ft | $605 | $593 | 68% |
| Built year | 1972 | 1970 | 56% |
| HOA | $310.5 | $420 | 28% |
| Days on market | 49 | 169 | 8% |
Mar 4, 2026
$380,000
Initial Listing
Aug 6, 2001
$115,000
Public Record