25 Bennett AVE Pending Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90803
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Subdivision Belmont Shore (Bsd)
MLS Listing ID PW24212887
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
Area 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Zoning LBR4R
Interior
Cooling None
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Street Lights,Sidewalks,Urban
Utilities Available Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Flat
Building
Lot Description Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard