Seller's Agent in 2024
Kurt Wood
Belmont Brokerage & Mgmt. INC.
(562) 301-6763
2 in this area
20 Total Sales
25 Bennett Ave Long Beach, CA 90803
Belmont Shore Neighborhood
7
Beds
8
Baths
3,344
Sq Ft
4,726
Sq Ft Lot
Highlights
- Contemporary Architecture
- Private Yard
- Laundry Room
- Lowell Elementary School Rated A-
- No HOA
About This Home
As of December 2024Extremely 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
Belmont Brokerage & Mgmt. INC. Brokerage Phone: 562-301-6763 License #00452182 Listed on: 10/16/2024
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
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Home Values in the Area
Average Home Value in this Area
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
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 | $9,841 | $2,450,000 | $1,450,000 | $1,000,000 |
| 2024 | $9,841 | $682,994 | $448,222 | $234,772 |
| 2023 | $9,659 | $669,603 | $439,434 | $230,169 |
| 2022 | $9,086 | $656,474 | $430,818 | $225,656 |
| 2021 | $8,877 | $643,603 | $422,371 | $221,232 |
| 2020 | $8,854 | $638,125 | $418,041 | $220,084 |
| 2019 | $8,750 | $625,636 | $409,845 | $215,791 |
| 2018 | $8,494 | $613,391 | $401,809 | $211,582 |
| 2016 | $7,827 | $588,498 | $386,207 | $202,291 |
| 2015 | $7,529 | $579,659 | $380,406 | $199,253 |
| 2014 | $7,515 | $568,305 | $372,955 | $195,350 |
Source: Public Records
Agents Affiliated with this Home
-
Kurt Wood
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,213 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24212887
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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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