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Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
$ 2,600,000
Est. payment /mo
Pending
25 Bennett Avenue Long Beach, CA 90803
3,344 SqFt
UPDATED:
10/30/2024 08:04 AM
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
Originating Board Datashare California Regional
Year Built 1955
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.
Location
State CA
County Los Angeles
Interior
Cooling None
Fireplace No
Laundry Other
Exterior
View None
Building
Water Public
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