NOT LISTED FOR SALE
10 Beds
9 Baths
4,682 Sq Ft
4,724 Sq Ft Lot

Last Sold October 13, 2021

Last sale price $2,580,650 $551 Per Sq Ft

4 Days on Market

Highlights

  • Laundry Room
  • Lowell Elementary School Rated A-
  • West Facing Home

About This Home

As of October 2021

120 Bennet Avenue: 9-Unit building that is situated on a 4,724 square foot lot located in the city Long Beach, CA. The subject property is located at 120 Bennett Avenue. The property is composed of (1) 2 bedroom/ 1 bath unit & (8) 1 bedroom/1 bath units. Built in 1947. This 2 story investment in Belmont Shore is only blocks away from the beach making it highly desirable for a tenant and owner. The two bedroom unit is approximately 650 square feet. The one bedroom units are approximately 500 square feet each. Four single car garages are located in the back of the property. They rent for $150 each. Other parking can be found on the street. The units are individually metered and the tenants pay for gas and electric. A washer & dryer facility is also located on the property. The Property recently had $50,000 of improvements. The exterior included new roof, wood trim, replaced eaves, paint, and windows. The interior included a recently renovated unit with new floors, paint, and bathroom upgrades. Tenant in Unit # 5 will be moving out in the middle of October.

Last Agent to Sell the Property

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 09/13/2021

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 09/13/2021

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 4,724 Sq Ft Lot
  • West Facing Home

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 4,682 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 9 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 7256-027-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 4682
  • Lot Acreage: 0.1084
  • Probate: No
  • Stories: 2
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Total Bathrooms: 9.00
  • Equipment: Washer, Dryer
  • Price Per S Q F T: 533.96

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 2
  • Parking Garage: Garage - 1 Car
  • Total Parking: 6

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 7256-027-005
  • Lot Size Area: 4724

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 14.65
  • Number Of Units: 9
  • Type Of Units: Income

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2021 10/13/21 Sold $2,580,650 +3.2% $551 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
09/13/2021 09/13/21 For Sale $2,500,000 -- $534 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-782380

The MLS