CA > Long Beach > Circle (Ca)
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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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,150,000
Est. payment /mo
0.28 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Circle (Ca)

MLS Listing ID PW25125963

HOA Y/N No

Year Built 1987

Lot Size 0.277 Acres

Lot Dimensions Assessor

Property Sub-Type Mixed Use

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 chance to invest in a quality multifamily property with built-in upside.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBCCN

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 32.0

Garage Description 32.0

Pool None

Community Features Biking

Total Parking Spaces 32

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7241008002

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Woody Stahl Lyon Stahl Investment Real Est broker@lyonstahl.com

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