116 Bennett Avenue

Long Beach, CA 90803

$2,500,000
Price
8
Beds
5
Baths
4,113 Sq. Ft.
$608 / Sq. Ft.
4,113
Sq. Ft.
$608
per Sq. Ft.

Description

Excellent Location - located in the most desirable rental location in Long Beach, walking distance from renowned 2nd St. Rare opportunity to invest in a turn key legacy property are in Belmont Shore (extremely large units). This is a true pride of ownership property with modern kitchens and bathrooms. Plumbing and electrical systems have both been upgraded.Excellent Location - located in the most desirable rental location in Long Beach, walking distance from renowned 2nd St. Rare opportunity to invest in a turn key legacy property are in Belmont Shore (extremely large units). This is a true pride of ownership property with modern kitchens and bathrooms. Plumbing and electrical systems have both been upgraded.
  1. Listed by John Levis • DRE #01886278 • Brokerage DRE #01886278 • Wydown Partners Inc.

Property Details for 116 Bennett Avenue

Zoning
LBR4R
Parcel Number
7256027006
Total Units
4.0
Living Area
4113
Source Living Area
Vendor Enhanced
Area
Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr (1)
Vacancy Rate
0
Lot Size Area
4732

Location

Listing Courtesy of Wydown Partners Inc., John Levis, DRE #01886278
Add your commute
LISTING UPDATED: 05/01/2024 12:01 AM

Property Details for 116 Bennett Avenue

StatusActive
MLS #24-383147
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.11 AC / 4,732 SF
CountyLos Angeles County

Location

Listing Courtesy of Wydown Partners Inc., John Levis, DRE #01886278
Add your commute

Building Information for 116 Bennett Avenue

Stories2Residences-Year Built1928Building Size-Lot Size0.11 AC / 4,732 SF

Payment Calculator

$15,217 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$1,573

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 116 Bennett Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • Property Condition: Updated/Remodeled
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $160,884
  • Net Operating Income: $104,894.00
  • Gross Income: $163,884
  • Gross Rent Multiplier: $15.31
  • Actual Annual Gross Rent: $163,884.00
  • Total Annual Expense: 53375
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1086
  • Lot Size Square Feet: 4732
  • Lot Location: Beach Access
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood
  • Equipment: Dishwasher, Dryer, Washer, Range/Oven
  • Interior Features: Drywall Walls
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Granite Counters
  • Cooking Appliances: Gas/Electric Range, Oven-Gas
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Balcony, Deck(s)
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-23-2024
  • Tenant Pays: Gas, Electricity, Trash Collection, Hot Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,260.00
  • Unit Actual Rent: $3,260.00
  • Unit Projected Rent: $3,260.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,495.00
  • Unit Actual Rent: $3,495.00
  • Unit Projected Rent: $3,495.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,350.00
  • Unit Actual Rent: $3,350.00
  • Unit Projected Rent: $3,350.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,395.00
  • Unit Actual Rent: $3,395.00
  • Unit Projected Rent: $3,395.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 116 Bennett Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 Bennett Avenue

Taxable ValueLand$1,060,432Additions$382,930Total$1,443,362
Tax Record2023$18,871 ($1,573 / month)
Home Facts
Total Finished SqFt4,113 SqFtAbove Grade Finished SqFt4,113 SqFtLot Size4,732 SqFtStyleQuadraplexYear Built1928ZoningLBR4RCountyLOS ANGELESAPN7256-027-006

Schools near 116 Bennett Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Lowell Elementary School
PublicK to 5

Rogers Middle School
Public6 to 8

Wilson High School
Public9 to 12

Select Community Day (Secondary) School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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116 Bennett Avenue is a multi-family home for sale in Long Beach, CA 90803. This property was listed for sale on April 23, 2024 by Wydown Partners Inc., it's currently listed at $2,500,000. It has been on the market for a total of 11 days and was last sold on March 12, 2014. This listing's school district is Long Beach Unified School District. Nearby schools include Lowell Elementary School, Rogers Middle School and Wilson High School. 116 Bennett Avenue is a 8-bed, 5-bath, 4,113 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wydown Partners Inc., John Levis, DRE #01886278

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.