1225 Bennett Ave Long Beach, CA 90804
Recreation Park NeighborhoodEstimated payment $29,119/month
Highlights
- 0.28 Acre Lot
- No HOA
- 32 Car Garage
- Woodrow Wilson High School Rated A
- Laundry Room
- Bike Trail
About This Home
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 3.73% 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 a parking 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 blocks from 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 chance to invest in a quality multifamily property with built-in upside.
Listing Agent
Lyon Stahl Investment Real Est Brokerage Email: broker@lyonstahl.com License #01399621 Listed on: 06/05/2025
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Email: broker@lyonstahl.com License #01717818
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 0.28 Acre Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Parking
- 32 Car Garage
- Parking Available
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 16,503 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Tax Lot 23
- Tax Tract Number 5770
- Assessor Parcel Number 7241008002
- $3,592 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 17 Units
- Circle Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 17 Leased Units
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,800
- Insurance Expense $20,629
- Maintenance Expense $17,517
- Other Expense $18,700
- Professional Management Expense $17,517
- New Taxes Expense $64,375
- Operating Expense $147,545
- Gross Income $337,104
- Net Operating Income $192,285
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $31,055 | $2,252,875 | $265,903 | $1,986,972 |
| 2024 | $31,055 | $2,208,702 | $260,690 | $1,948,012 |
| 2023 | $30,515 | $2,165,395 | $255,579 | $1,909,816 |
| 2022 | $28,702 | $2,122,937 | $250,568 | $1,872,369 |
| 2021 | $28,031 | $2,081,311 | $245,655 | $1,835,656 |
| 2019 | $27,630 | $2,025,280 | $238,370 | $1,786,910 |
| 2018 | $26,830 | $1,985,682 | $233,697 | $1,751,985 |
| 2016 | $24,620 | $1,903,099 | $224,623 | $1,678,476 |
| 2015 | $23,671 | $1,874,513 | $221,249 | $1,653,264 |
| 2014 | $23,576 | $1,837,795 | $216,916 | $1,620,879 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2025 11/10/25 | Pending | -- | -- | -- |
| 11/04/2025 11/04/25 | For Sale | $5,150,000 | 0.0% | $312 / Sq Ft |
| 10/24/2025 10/24/25 | Pending | -- | -- | -- |
| 07/01/2025 07/01/25 | For Sale | $5,150,000 | 0.0% | $312 / Sq Ft |
| 06/11/2025 06/11/25 | Pending | -- | -- | -- |
| 06/05/2025 06/05/25 | For Sale | $5,150,000 | -- | $312 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25125963
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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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