$ 2,600,000
25 Bennett Avenue Long Beach, CA 90803
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$ 2,600,000
Est. payment | /mo
3,344 SqFt
$ 2,600,000
Est. payment | /mo
3,344 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 3,344 sqft
Price per Sqft $777
MLS Listing ID CRPW24212887
HOA Y/N No
Year Built 1955
Lot Size 4,726 Sqft
Acres 0.11
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 Listing
Zoning LBR4
Interior
Cooling None
Fireplace No
Laundry Other
Exterior
View Y/N false
View None
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7256037016
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
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Patrick Nagel
REALTOR® | Lic# 1760790