NOT LISTED FOR SALE

25 Bennett Ave Long Beach, CA 90803

Belmont Shore Neighborhood
7 Beds
8 Baths
3,344 Sq Ft
4,726 Sq Ft Lot

Last Sold December 24, 2024

Last sale price $2,450,000 $733 Per Sq Ft

13 Days on Market

Highlights

  • Contemporary Architecture
  • Private Yard
  • Laundry Room
  • Lowell Elementary School Rated A-
  • No HOA

About This Home

As of December 2024

Extremely rare opportunity to own an 8 unit apartment in the highly sought after coastal community of Belmont Shore. The Belmont Shore lifestyle offers exceptional recreation and life-style opportunities. You can walk to 2nd Street for shopping and restaurants or the beach. This equates to a strong rental market. This property has 7 one bedroom/one bath units and 1 Studio/1 bath unit. It also has 6 coveted off-street parking spaces behind the property. Actual rents total $15,003 per month which equals a 14.4 GRM. Potential rents based on the average RentOmeter analysis equals $16,495 per month, for a 13.1 GRM. This could be a potential 10% increase over current rents.

Last Agent to Sell the Property

Kurt Wood

Belmont Brokerage & Mgmt. INC. Brokerage Phone: 562-301-6763 License #00452182 Listed on: 10/16/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1955

Lot Details

  • 4,726 Sq Ft Lot
  • No Common Walls
  • Private Yard

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Flat Roof Shape
  • Stucco

Interior Spaces

  • 3,344 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Urban Location
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 19 / 6
  • Tax Tract Number 3750
  • Assessor Parcel Number 7256037016

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Belmont Shore Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $245,916

Property Details

Home Type

Apartment

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: No
  • Zoning: LBR4R
  • Architectural Style: Contemporary
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7256037016
  • Year Built: 1955
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 732.66

Exterior Features

  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 4726.00
  • Lot Size Acres: 0.1085

Rental Info

  • Garage Rental Rate: 72.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Garage Income: 5220.00
  • Gross Income: 245916.00
  • Gross Multiplier: 14.40
  • Gross Scheduled Income: 174816.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 270.00
  • Lot Size Area: 4726.0000 Square Feet
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Rent Control: Yes

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 5773.00
  • Tax Lot: 19
  • Tax Tract Number: 3750

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
12/24/2024 12/24/24 Sold $2,450,000 -5.8% $733 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
10/16/2024 10/16/24 For Sale $2,600,000 -- $778 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kurt Wood

    Seller's Agent in 2024

    Kurt Wood

    Belmont Brokerage & Mgmt. INC.

    (562) 301-6763

    2 in this area

    20 Total Sales

    Kurt Wood
    Section Image

  • N

    Buyer's Agent in 2024

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,211 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24212887

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 Belmont Shore

25 Bennett Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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