25 Bennett Avenue, Long Beach, CA 90803
Property
Sold December 2024
Listing Agent: W. Kurt Wood (DRE #00452182) · Listing Office: Belmont Brokerage & Mgmt. INC. · Contact: 562-301-6763 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #PW24212887 · Source: CRMLS
About this property
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.
Listing description from the December 2024 sale, as reported to CRMLS.
Sale history