Pending

25 Bennett Avenue

Long Beach CA, 90803

$2,600,000


$777.51 per sqft

Pending

3,344 sqft

Condos

Built in 1955

Listed by W. Kurt Wood with Belmont Brokerage & Mgmt. INC. 562-301-6763

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.

PW24212887

MLS ID

October 16, 2024

Listed

December 5, 2024

Updated

Map

25 Bennett Avenue
Long Beach CA, 90803

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

No

Exterior/Building Features

Lot Size

0.11 Acres


Lot Features

Yard


Architectual Style

Contemporary


Roof

Flat


Sewer

Public Sewer

Other Property Details

Area Name

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


Days on Market

13


Garage

No


Parking

Assigned


Parking Total

6


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LBR4R

Listing History

Date

Event

Price

10/29/2024

Pending

Listing Contact: 562-437-3581 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 6:30 AM UTC

 

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