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Long Beach, CA 90804 1205 1207 Bennett Avenue

$1,925,000

Pending
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Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916
  • MLS# PW24005142
  • 01/10/2024
  • Request Tour
  • Request Info
  • BedBeds • 9
  • BathBaths • 4
  • FootageSQFT • 3,797
  • GarageGarage • 3

Home Details

1205-1207 Bennett Avenue is a 7-unit apartment asset located in Long Beach, California. The property is offered at 11.92 GRM and 5.50% cap rate on current rents. The property is comprised of (5) 1BD / 1BA units; (1) 2BD / 1BA unit: and (1) 1BD / 1BA unit. Three (3) garages offer the potential for ADU conversion. All units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. The property is located in a quiet, residential neighborhood near Belmont Heights.
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916

Interior Features for 1205 1207 Bennett Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 1205 1207 Bennett Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.5
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market75
DirectionsE Anaheim St
Electric Expense1167.0
Entry Location1
Fuel Expense1167.0
Garage Spaces3.0
Garage Y/NYes
Gross Income156674.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet5292.0
MLS Area3 - Eastside, Circle Area
MaintenanceExpense4900.0
MobileHomeRemainsYNNo
Net Operating Income105965.0
New ConstructionNo
Operating Expense50709.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Street NameBennett
Subdivision NameEastside (ES)
Tax Lot83
Taxes$24,108
Total Units7
Trash Expense1167.0
View Y/NNo
Water Sewer Expense1167.0
Waterfront Y/NNo
Year Built1923
Year Built SourceAssessor
ZoningLBR3S

Exterior for 1205 1207 Bennett Avenue

Building Area Total3797.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.1215
Lot Size Area5292.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,925,000
MLS#PW24005142
List Date 01/10/2024
Property Type Pending
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors