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25 Bennett Ave 8 Unit Apartment Building $3,400,000 ($425,000/Unit) 4.31% Cap Rate Long Beach, CA 90803
Investment Highlights
- Prime Belmont Shore Location - One Block from the Beach
- All Units Upgraded with Modern Kitchens, Vinyl Floors, & New Bathroom Plumbing Fixtures
- All Units are Individually Metered for Gas & Electric; Select Units Have Washer & Dryer
- Turnkey and Pride of Ownership Asset with 100% Renovated Units
- Extensive Capital Improvements: Recently Replaced Roof, Upgraded Subpanels, New Windows & SB 721 Clearance
Property Facts
| Price | $3,400,000 | Property Subtype | Apartment |
| Price Per Unit | $425,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.31% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 15.24 | Building Size | 3,344 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Zoning | LBR4R - Multiple Dwelling | ||
| Price | $3,400,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 4.31% |
| Gross Rent Multiplier | 15.24 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,344 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Zoning | LBR4R - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,880 | 600 |
| 1+1 | 7 | $2,366 | 725 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 7256-037-016 | Improvements Assessment | $1,000,000 |
| Land Assessment | $1,450,000 | Total Assessment | $2,450,000 |
Property Taxes
Parcel Number
7256-037-016
Land Assessment
$1,450,000
Improvements Assessment
$1,000,000
Total Assessment
$2,450,000
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25 Bennett Ave
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