Long Beach, CA 90804,1205 1207 Bennett AVE
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Long Beach, CA 90804,1205 1207 Bennett AVE
Long Beach, CA 90804,1205 1207 Bennett AVE
Long Beach, CA 90804,1205 1207 Bennett AVE
Long Beach, CA 90804,1205 1207 Bennett AVE

$1,750,000

Est. payment /mo

$1,925,000

9.1%
Est.Price: ?

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1205 1207 Bennett AVE Long Beach, CA 90804

5,292 Sqft Lot

SOLD DATE : 06/06/2024

Key Details

Sold Price $1,750,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW24005142

Sold Date 06/06/24

HOA Y/N No

Year Built 1923

Lot Size 5,292 Sqft

Property Description

1205-1207 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.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR3S

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Sidewalks

Total Parking Spaces 3

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7241008014

Energy Description 1167.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916
Bought with Alec Kara • Keller Williams Pacific Estate

Julian Park

Broker, Loan Officer | License ID: 02018567

+1(818) 390-3265

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