Dennis Maynard
LPT Realty, Inc
(424) 421-1811
9 Total Sales
1 in Recreation Park
$460,000 Price
1207 Bennett Ave Long Beach, CA 90804
Recreation Park Neighborhood
5
Beds
4
Baths
3,797
Sq Ft
5,292
Sq Ft Lot
About This Home
As of June 20241205-1207 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.
Last Agent to Sell the Property
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 01/10/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 5,292 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 3 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,797 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 83
- Tax Tract Number 6398
- Assessor Parcel Number 7241008014
- $1,198 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 7 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,167
- Fuel Expense $1,167
- Gardener Expense $1,200
- Insurance Expense $4,500
- Maintenance Expense $4,900
- Other Expense $2,100
- Pest Control $900
- Professional Management Expense $7,834
- Trash Expense $1,167
- Water Sewer Expense $1,167
- New Taxes Expense $24,108
- Operating Expense $50,709
- Gross Income $156,674
- Net Operating Income $105,965
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2024
Closed on
May 30, 2024
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Alec Kara
Keller Williams Pacific Estate
List Price
$1,925,000
Sold Price
$1,750,000
Premium/Discount to List
-$175,000
-9.09%
Views
56
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,137,500
Outstanding Balance
$1,113,268
Interest Rate
7.17%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 17, 2017
Sold by
Bought by
Purchase Details
Closed on
Mar 5, 2009
Sold by
Bought by
Purchase Details
Closed on
Feb 17, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$669,000
Interest Rate
6.35%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 19, 2004
Sold by
Bought by
Purchase Details
Closed on
Feb 6, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.75%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Recreation Park, CA
-
Dennis Maynard
-
Lori Alvarez
Lori Alvarez
REAL ESTATE RESOLVED
(909) 317-3786
189 Total Sales
2 in Recreation Park
$740,000 Price Range
-
Cassidy Tutt
Cassidy Tutt
WGroup Realtors
(562) 553-8110
44 Total Sales
2 in Recreation Park
$445,000 Price Range
-
Diana Veloz
Diana Veloz
DIANA VELOZ, BROKER
(626) 699-8081
25 Total Sales
1 in Recreation Park
$1,090,000 Price
-
Leslie Stonick
Leslie Stonick
Compass
(424) 381-0410
73 Total Sales
3 in Recreation Park
$755K - $1.5M Price Range
-
Cyrus Mohseni
Cyrus Mohseni
Responds QuicklyThe Keystone Team
(657) 341-0810
185 Total Sales
1 in Recreation Park
$890,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,830,000 | Chicago Title Company | ||
| $1,500,000 | Lawyers Title | ||
| -- | Lawyers Title Company | ||
| $960,000 | Orange Coast Title Company | ||
| -- | -- | ||
| -- | Southland Title Corporation | ||
| -- | Southland Title Corporation |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,137,500 | ||
| Previous Owner | $725,000 | ||
| Previous Owner | $669,000 | ||
| Previous Owner | $300,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/06/2024 06/06/24 | Sold | $1,750,000 | -9.1% | $461 / Sq Ft |
| 03/25/2024 03/25/24 | Pending | -- | -- | -- |
| 01/10/2024 01/10/24 | For Sale | $1,925,000 | -- | $507 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,020 | $1,785,000 | $1,224,000 | $561,000 |
| 2024 | $22,035 | $1,673,274 | $1,171,293 | $501,981 |
| 2023 | $21,657 | $1,640,466 | $1,148,327 | $492,139 |
| 2022 | $20,327 | $1,608,301 | $1,125,811 | $482,490 |
| 2021 | $19,917 | $1,576,767 | $1,103,737 | $473,030 |
| 2019 | $19,632 | $1,530,360 | $1,071,000 | $459,360 |
| 2018 | $14,682 | $1,132,127 | $622,472 | $509,655 |
| 2016 | $13,515 | $1,087,820 | $598,301 | $489,519 |
| 2015 | $12,978 | $1,071,480 | $589,314 | $482,166 |
| 2014 | $12,909 | $1,050,493 | $577,771 | $472,722 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
81 Total Sales
-
Alec Kara
Buyer's Agent in 2024
Alec Kara
Keller Williams Pacific Estate
(562) 513-7800
1 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24005142
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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