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Long Beach, CA 90803 154 Bennett Avenue

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  • MLS# SB20088430
  • 05/09/2020
  • Request Video Tour
  • Request Info
Presented By: Stephen Lampe with Re/Max Commercial & Investment.
  • SQFT • 7,696
  • Garage • 7
  • Year Built • 1924

Home Details

Villa Fiore is an architectural gem located in the Belmont Heights area of Long Beach, just blocks from the beach on a large 12,700 square foot corner lot. The property is 100% occupied & consists of 15 apartment units of which 13 are permitted. There is significant upside in the rents as they are below market levels. There is additional income potential from garage and storage units that are presently not rented. The owner has taken great care to preserve the architectural features of Villa Fiore while making upgrades throughout the property. There are large balconies with ocean views from some units and the units exude the charm and style of the roaring 1920’s. The property was developed in 1924, and is designed as a complex surrounding a lushly landscaped courtyard. The first building consists of a 3-story building at the corner of 2nd St & Bennett with the address of 158–160 Bennett Ave and consists of 4 units. 154 and 156 Bennett are single story buildings with 5 units and 4 units respectively. 4312-4316 E 2nd St has 2 units in a single-story building. The property has additional building area adjacent to the 7 garage spaces, and in a large attic above 158-160 Bennett that is in addition to the tax assessor’s records (Buyer to verify all units & square footage). The property is a short walk to the Belmont Beach Pier, the bike path, shops & restaurants on 2nd St along Belmont Shore. This is a rare investment opportunity and a chance to own a piece of history.
Presented By: Stephen Lampe with Re/Max Commercial & Investment.

Interior Features for 154 Bennett Avenue

Bedrooms

1st Bedroom Area Unit TypeSquare Feet
2nd Bedroom Area Unit TypeSquare Feet
3rd Bedroom Area Unit TypeSquare Feet

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Laundry Y/NYes
Studio Area Unit TypeSquare Feet

General for 154 Bennett Avenue

Attached StructureAttached
Co-Listing AgentRobert Mullarkey - BRE#02064856
Co-Listing Agent Last NameRobert
Co-Listing Agent Last NameMullarkey
Co-Listing Agent State License #02064856
Community FeaturesCurbs, Sidewalks
DirectionsCorner of 2nd St and Bennett just north of E. Livingston
LevelsThree Or More
ListAgentAORSouth Bay
Listing AgentStephen Lampe - BRE#01164364
Listing Agent State License01164364
MLS Area2 - Belmont Heights, Alamitos Heights
Price Per Square Foot675.68
Property Attached Y/NYes
Senior Community Y/NNo
Source SystemCRMLS
Special Listing ConditionsStandard
Subdivision NameBelmont Heights (BH)
Subdivision NameBelmont Heights (BH)
Total Units15
ZoningLBR2N

Exterior for 154 Bennett Avenue

Building Area Total7696.00
Garage Spaces7.00
Land Lease Y/NNo
Lot FeaturesCorner Lot
Lot Size Acres0.2916
Lot Size Area12703.0000
Lot Size SourceAssessor
Lot Size Square Feet12703.00
Lot Size UnitsSquare Feet
Number of Buildings4
Number of Separate Electric Meters16
Number of Separate Gas Meters1
Number of Separate Water Meters1
Pool FeaturesNone
Private PoolNo
SewerPublic Sewer
Total Parking7.00
Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $5,200,000
MLS#SB20088430
List Date 05/09/2020
Property Type Income
Request Video Tour
Request Info

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