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- LoopNet Team
17 Bonito Ave
Long Beach, CA 90802
Turnkey Asset, 1-Block from Ocean · Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 3,166 SF |
| Property Subtype | Apartment | Average Occupancy | 50% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1918 |
| Zoning | LBR4R - LBR4R | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,166 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1918 |
| Zoning | LBR4R - LBR4R |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Built-In Bookshelves
- Family Room
SITE AMENITIES
- Laundry Facilities
ABOUT 17 BONITO AVE , LONG BEACH, CA 90802
Completely remodeled from the ground up. This Turnkey asset is selling 600K less than the same building Next door at 1 Bonito which sold for $2,050,000 and less than up the block at 142 Bonito which sold for $1,750,000 and 126 Bonito $2,040,000. This property has brand new electric wiring and panels, new plumbing and gas lines, and all new interiors. This is a beautiful property has an absolutely perfect location, sitting only steps from the beach in Alamitos Beach and a short walk to the booming downtown Long Beach area. The property is comprised of (4), large 1-bedroom/1-bath units, which are receiving strong rents but still plenty of room to grow as neighbor properties are currently receiving $2,200 for their 1-bed/1-bath units. Each oversized 1 bed unit comes with hardwood flooring, granite countertops, stainless steel appliances, and large kitchens. On-site laundry room also available. Not only are the Bonito Apartments situated just steps from the ocean, but they are also adjacent to the $6 billion in new development coming to the surrounding area of Long Beach. That includes the $520 million Civic Center project, $250 million Queen Mary Island waterfront development, and $52 million Long Beach Aquarium expansion. Do not miss out on this chance to own a beach side, trophy asset in one of Southern California's last affordable beach communities.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,563 | - |
PROPERTY TAXES
| Parcel Number | 7265-003-025 | Improvements Assessment | $492,139 |
| Land Assessment | $984,280 | Total Assessment | $1,476,419 |
PROPERTY TAXES
