Overview

Property ID: PW24212887

Apartment, Residential Income
Property Type

3344 Sqft
Area Size

1955
Year Built

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.

Address

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Address: 25 Bennett Avenue
City: Long Beach
State/county: CA
Zip/Postal Code: 90803
Area: Belmont Shore (BSD)
Country: US

Details

Updated on January 14, 2025 at 12:53 am

Property ID PW24212887
Price $2,600,000
Property Size 3344 Sqft
Land Area 0.1085 Acres
Year Built 1955
Property Type Apartment, Residential Income
Property Status Closed

Additional details

Listing Terms Cash, Cash to New Loan
Roof Flat
Utilities Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Sewer Public Sewer
Cooling None
County Los Angeles
Property Type Residential Income
Pool None
Parking Assigned
Community Features Street Lights, Sidewalks, Urban
Architectural Style Contemporary