120 Bennett Avenue, Long Beach, CA 90803

$2,500,000
List Price
$2,500,000
Status
ACTIVE UNDER CONTRACT
MLS#
21782380
Year Built
1947
Lot Size
4,724
Acres
0.1
Days on Market
8
Property Type
Multifamily

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.

Additional Information

Appliances
Dryer, Washer
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
Roof
Shingle
Garage Spaces Total
4
Number Of Units Total
9

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of John McCann from Lyon Stahl Investment Real Estate, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.