Homes for sale - 25 Bennett AVE, Long Beach, CA 90803

$2,450,000

$2,600,000 5.8%

Est. payment - /mo

4,726 Sqft Lot

UPDATED:

Key Details

Sold Price $2,450,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW24212887

Sold Date 12/24/24

Style Contemporary

Originating Board California Regional MLS

Year Built 1955

Lot Size 4,726 Sqft

Property Description

Extremely rare opportunity to own an 8 unit apartment in the highly sought after coastal community of Belmont Shore. The Belmont Shore lifestyle offers exceptional recreation and life-style opportunities. You can walk to 2nd Street for shopping and restaurants or the beach. This equates to a strong rental market. This property has 7 one bedroom/one bath units and 1 Studio/1 bath unit. It also has 6 coveted off-street parking spaces behind the property. Actual rents total $15,003 per month which equals a 14.4 GRM. Potential rents based on the average RentOmeter analysis equals $16,495 per month, for a 13.1 GRM. This could be a potential 10% increase over current rents.

Location

State CA

County Los Angeles

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Interior

Cooling None

Laundry Laundry Area, Washer/Dryer - Leased

Exterior

Parking Features Assigned Spaces

Garage Spaces 6.0

Pool None

View None

Roof Type Flat / Low Pitch

Building

Water District - Public

Architectural Style Contemporary

Others

Tax ID 7256037016

Special Listing Condition Not Applicable

Read Less Info

Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
Bought with General NONMEMBER

GET MORE INFORMATION

Sharad Gupta

Broker | License ID: 02213637

contact@trademyhome.com

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

25 Bennett AVE Long Beach, CA 90803