25 Bennett Avenue
Long Beach, CA 90803
0.11 acres | #PW24212887
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.
Property Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
- SubdivisionBelmont Shore (BSD)
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$2,600,000
- MLS #PW24212887
- MLS #PW24212887
- Property SubtypeApartment
- Cost2600000
- Acres0.1085
- Utility SourcePublic
- Lot DescriptionYard
- Year Built1955
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: W. Kurt Wood (#ZWOODWKU)
Listing Office: Belmont Brokerage & Mgmt. INC. (#0521)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
