Long Beach, CA 90803,25 Bennett Avenue
Long Beach, CA 90803,25 Bennett Avenue
Long Beach, CA 90803,25 Bennett Avenue
Long Beach, CA 90803,25 Bennett Avenue
Long Beach, CA 90803,25 Bennett Avenue
Long Beach, CA 90803,25 Bennett Avenue
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$ 2,600,000
Est. payment | /mo

3 Beds

4 Baths

4,726 Sqft Lot


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$ 2,600,000
Est. payment | /mo
Save

3 Beds

4 Baths

4,726 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW24212887

Bedrooms 3

HOA Y/N No

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.
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 Long Beach (90803)

Zoning Assessor

Exterior

Exterior Feature Stucco

Parking Features Unit1:Assigned

Building

Lot Description Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Acceptable Financing Cash

Space Rent $2,045

Listing Terms Cash

San Diego Regional MLS (SDMLS)
Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
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4955 Narragansett Ave, San Diego, California, 92107, USA

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25 Bennett Avenue