Homes for sale - 1225 Bennett AVE, Long Beach, CA 90804

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Woody Stahl • Lyon Stahl Investment Real Est

$5,150,000

Est. payment - /mo

0.28 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW25125963

Year Built 1987

Lot Size 0.277 Acres

Source California Regional MLS

Property Description

1225 Bennett Avenue presents a rare opportunity to acquire a well-maintained 17-unit apartment building in a prime East Long Beach location. Built in 1987 and situated on a sizable 12,065 SF lot, this 16,503 SF, three-story property offers a highly desirable unit mix and significant rental upside in one of the strongest rental submarkets in the area. The building features (4) 2-bedroom, 2-bath units, (11) townhome-style 2-bedroom, 2.5-bath units, and (2) studio lofts-designed to attract a diverse tenant base seeking spacious, functional living space. With a current CAP rate of 3.52% and a projected proforma CAP of 7.00%, the property offers approximately 60% upside in rents, making it a compelling value-add opportunity for investors. On-site amenities include aparking garage with 32 spaces and (2) shared laundry rooms. Priced at $302K per unit and $312 per square foot, the asset is competitively positioned within the market. Ideally located in East Long Beach, the property is just blocksfrom Recreation Park Golf Course and less than two miles from the Long Beach Traffic Circle-home to some of the city's best retail, dining, and entertainment. Whether you're looking to stabilize a well-located asset or reposition it for stronger returns, 1225 Bennett Avenue offers a rare chanc

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Laundry Community Facility

Exterior

Parking Features Garage

Garage Spaces 32.0

Pool None

Building

Water District - Public

Others

Tax ID 7241008002

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1225 Bennett AVE Long Beach, CA 90804

JLee Broker

Key Details

Location

Interior

Exterior

Building

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