25 Bennett Avenue
Long Beach, CA, 90803
$2,600,000
Beds
0 Baths
SqFt
0.11 Acres
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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.

Property Details

Price:
$2,600,000
MLS #:
PW24212887
Status:
Pending
Baths:
0
Address:
25 Bennett Avenue
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Belmont Shore BSD
Neighborhood:
1belmontshoreparknaplesmarinapacbayhrbr
City:
Long Beach
Listed Date:
Oct 15, 2024
State:
CA
ZIP:
90803
Lot Size:
4,726 sqft / 0.11 acres (approx)
Year Built:
1955
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Interior

Cooling
None
Fireplace Features
None

Exterior

Community Features
Sidewalks, Street Lights, Urban
Garage Spaces
0.00
Lot Features
Yard
Parking Features
Assigned
Parking Spots
6.00
Pool Features
None
Roof
Flat
Sewer
Public Sewer
Stories Total
2
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

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broker reciprocity Courtesy of Belmont Brokerage & Mgmt. INC.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
Rover IDX
25 Bennett Avenue
Long Beach, CA