$1,750,000
$1,925,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
5,292 Sqft Lot
SOLD DATE : 06/06/2024
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW24005142
Sold Date 06/06/24
HOA Y/N No
Year Built 1923
Lot Size 5,292 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR3S
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Sidewalks
Total Parking Spaces 3
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7241008014
Energy Description 1167.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Alec Kara • Keller Williams Pacific Estate
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