Long Beach, CA 90804,1225 Bennett AVE
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Long Beach, CA 90804,1225 Bennett AVE
Long Beach, CA 90804,1225 Bennett AVE
Long Beach, CA 90804,1225 Bennett AVE
Long Beach, CA 90804,1225 Bennett AVE
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Listed by Woody Stahl • Lyon Stahl Investment Real Est
$ 5,150,000
Est. payment /mo
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Pending

1225 Bennett AVE Long Beach, CA 90804

0.28 Acres Lot


UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CRPW25125963

Year Built 1987

Lot Size 0.277 Acres

Source California Regional MLS

Property Description

1225 Bennett Avenue presents a rare opportunity to acquire a well-maintained 17-unit apartment building in a prime East Long Beach location. Built in 1987 and situated on a sizable 12,065 SF lot, this 16,503 SF, three-story property offers a highly desirable unit mix and significant rental upside in one of the strongest rental submarkets in the area. The building features (4) 2-bedroom, 2-bath units, (11) townhome-style 2-bedroom, 2.5-bath units, and (2) studio lofts-designed to attract a diverse tenant base seeking spacious, functional living space. With a current CAP rate of 3.73% and a projected proforma CAP of 7.00%, the property offers approximately 60% upside in rents, making it a compelling value-add opportunity for investors. On-site amenities include a parking garage with 32 spaces and (2) shared laundry rooms. Priced at $302K per unit and $312 per square foot, the asset is competitively positioned within the market. Ideally located in East Long Beach, the property is just blocks from Recreation Park Golf Course and less than two miles from the Long Beach Traffic Circle-home to some of the city's best retail, dining, and entertainment. Whether you're looking to stabilize a well-located asset or reposition it for stronger returns, 1225 Bennett Avenue offers a rare cha

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Laundry Community Facility

Exterior

Parking Features Garage

Garage Spaces 32.0

Pool None

Building

Water District - Public

Others

Tax ID 7241008002

Special Listing Condition Not Applicable


MLS Listing IDX PLUS

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Lowell Bayside Academy

    Public | KG - 5

  • 10

    Naples Bayside Academy

    Public | KG - 5

  • 10

    Kettering Elementary School

    Public | KG - 5

  • 9

    Fremont Elementary School

    Public | KG - 5

  • 9

    Carver Elementary School

    Public | KG - 5

  • 9

    Gant Elementary School

    Public | KG - 5

  • 9

    Prisk Elementary School

    Public | KG - 5

  • 9

    Patrick Henry Elementary School

    Public | KG - 5

  • 9

    Tincher Preparatory School

    Public | KG - 8

  • 8

    Signal Hill Elementary School

    Public | KG - 5

  • 8

    Alvarado Elementary School

    Public | KG - 5

  • 8

    Bixby Elementary School

    Public | KG - 5

  • 8

    Emerson Parkside Academy

    Public | KG - 5

  • 8

    Cubberley K - 8 School

    Public | KG - 8

  • 7

    Robert Louis Stevenson Elementary School

    Public | KG - 5

  • 7

    Longfellow Elementary School

    Public | KG - 5

  • 7

    Lincoln Elementary School

    Public | KG - 5

  • 6

    Roosevelt Elementary School

    Public | KG - 5

  • 6

    Mann Elementary School

    Public | KG - 5

  • 6

    Bryant Elementary School

    Public | KG - 5

Middle Schools 10
  • 9

    Intellectual Virtues Academy of Long Beach

    Public | 6 - 8

  • 8

    Rogers Middle School

    Public | 6 - 8

  • 8

    Stanford Middle School

    Public | 6 - 8

  • 8

    Marshall Academy of the Arts

    Public | 6 - 8

  • 6

    Franklin Classical Middle School

    Public | 6 - 8

  • 6

    Jessie E. Nelson Academy

    Public | 6 - 8

  • 5

    Jefferson Leadership Academies

    Public | 6 - 8

  • 0

    Zinsmeyer Academy

    Private | 8 - 12

  • 0

    Select Community Day (Secondary)

    Public | 7 - 12

  • 0

    Hill Classical Middle School

    Public | 6 - 8

High Schools 6
  • 7

    Wilson High School

    Public | 9 - 12

  • 6

    Polytechnic High School

    Public | 9 - 12

  • 6

    Millikan High School

    Public | 9 - 12

  • 1

    Beach High-Intensive Learning Program

    Public | 9 - 12

  • 0

    St Anthony High School

    Private | 9 - 12

  • 0

    Long Beach Unified School District Regional Occupational Program

    Public | 10 - 12

School and business data provided by Attom Data.

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1225 Bennett AVE