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    120 Bennett Ave

    Long Beach, CA 90803
    • $2,500,000
    • STATUS: Active Under Contract
    • ON SITE: 14 days
    • MLS #: 21-782380
    Under Contract
    UPDATED: 33 min ago
    $2,500,000
    • 10
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,682
      SQFT
    • $534
      $/SQFT
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    120 Bennet Avenue: 9-Unit building that is situated on a 4,724 square foot lot located in the city Long Beach, CA. The subject property is located at 120 Bennett Avenue. The property is composed of (1) 2 bedroom/ 1 bath unit & (8) 1 bedroom/1 bath units. Built in 1947. This 2 story investment in Belmont Shore is only blocks away from the beach making it highly desirable for a tenant and owner. The two bedroom unit is approximately 650 square feet. The one bedroom units are approximately 500 square feet each. Four single car garages are located in the back of the property. They rent for $150 each. Other parking can be found on the street. The units are individually metered and the tenants pay for gas and electric. A washer & dryer facility is also located on the property. The Property recently had $50,000 of improvements. The exterior included new roof, wood trim, replaced eaves, paint, and windows. The interior included a recently renovated unit with new floors, paint, and bathroom upgrades. Tenant in Unit # 5 will be moving out in the middle of October.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-28T09:42:23.683. 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.
    www.haciendagroupinc.com/homes/121379900
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    120 Bennett Ave Long Beach, CA 90803

    • Price: $2,500,000
    • Status: Active Under Contract
    • Updated: 33 min ago
    • MLS #: 21-782380
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,682
    SQFT
    $534
    $/SQFT
    1947
    Built
    Neighborhood:
    Belmont Shore, Belmont Park, Naples
    County:
    Los Angeles
    Area:
    Belmont Shore, Belmont Park, Naples
    Property Description
    120 Bennet Avenue: 9-Unit building that is situated on a 4,724 square foot lot located in the city Long Beach, CA. The subject property is located at 120 Bennett Avenue. The property is composed of (1) 2 bedroom/ 1 bath unit & (8) 1 bedroom/1 bath units. Built in 1947. This 2 story investment in Belmont Shore is only blocks away from the beach making it highly desirable for a tenant and owner. The two bedroom unit is approximately 650 square feet. The one bedroom units are approximately 500 square feet each. Four single car garages are located in the back of the property. They rent for $150 each. Other parking can be found on the street. The units are individually metered and the tenants pay for gas and electric. A washer & dryer facility is also located on the property. The Property recently had $50,000 of improvements. The exterior included new roof, wood trim, replaced eaves, paint, and windows. The interior included a recently renovated unit with new floors, paint, and bathroom upgrades. Tenant in Unit # 5 will be moving out in the middle of October.
    Exterior Features

    Direction Faces West Lot Size Area 4724 Other Structures None Parking Garage Garage - 1 CarOther Paved YN Yes Pool Description None Pool YN No Roof Shingle Spa None Spa YN No Total Parking 6

    Interior Features

    Baths Total 9.00 Common Walls Attached Cooling None Equipment WasherDryer Heating Wall Laundry Laundry Area

    Property Features

    Alley YN Yes Amenities None Gross Income 170640 Gross Operating Income 162108 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 104263.00 Number Of Buildings 1 Number Of Units 9 Owner Pays WaterGardener Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 57845 Type Of Units Income Water Heaters YN Yes Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of John Mccann DRE#01963932 of Lyon Stahl Investment Real Estate, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-28T09:42:23.683. 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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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253