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Sold on 06/06/2024
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1205 Bennett Ave, Long Beach, CA 90804

$1,750,000

Last sold 06/06/2024 after 149 Days

  • —

    bed

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    bath

Multi-family not for sale

About 1205 Bennett Ave

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 5,292 Sqft
Parking 3 garage spaces
Rental estimate
Property description
1205-1207 Bennett Avenue is a 7-unit apartment asset located in Long Beach, California. The property is offered at 11.92 GRM and 5.50% cap rate on current rents. The property is comprised of (5) 1BD / 1BA units; (1) 2BD / 1BA unit: and (1) 1BD / 1BA unit. Three (3) garages offer the potential for ADU conversion. All units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. The property is located in a quiet, residential neighborhood near Belmont Heights.
Listed by
Listing Agent - Robert Stepp
Listing Agent Contact: 310-463-2916
Listing Office - Keller Williams - Santa Monica
Source: CRMLS mls logo
MLS#PW24005142 • last updated 2 years ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.1215
Lot Size (SqFt) 5292
Year Built 1923
Interior
Laundry Inside
Exterior
Building Area Square Feet, 3797
# Parking Spaces 3
# Garage Spaces 3
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Subdivision Eastside (ES), Eastside (ES)
Zoning LBR3S
Directions E Anaheim St
APN 7241008014
Multifamily Details
Expense: Trash 1167
Operating Expense 50709
Cap Rate 5.5
Expense: Insurance 4500
Total Expenses 50709
Expense: Maintenance 4900
Expense: Water/ Sewer 1167
Gross Income 156674
Expense: Electric 1167
Gross Multiplier 11.92
Gross Scheduled Income 161520
Expense: Fuel 1167
Expense: Gardener 1200
Rental est.: $1,392/month
Gross rent multiplier: 104.8
  • Jun 2024
    mls logo MLS # PW24005142
  • Jun 6, 2024 Sold
    $1,750,000
  • Mar 25, 2024 Pending
    —
  • Jan 9, 2024 Listed
    $1,925,000 (+28.3%)
  • Jun 2024
    Public Records
  • Jun 6, 2024 Sold
    $1,750,000 (-9.1%)
  • Jan 2018
    Public Records
  • Jan 5, 2018 Sold
    $1,500,000 (+56.3%)
  • Apr 2006
    Public Records
  • Apr 20, 2006 Sold
    $960,000
  • Year Property taxes Tax assessment
  • 2024
    $22,035 +1.7%
    $1,673,634
  • 2023
    $21,657 +6.5%
    $1,673,634 +2.0%
  • 2022
    $20,327 +2.1%
    $1,640,826 +4.04%
  • 2021
    $19,917 +0.3%
    $1,577,127 +1.04%
  • 2020
    $19,866 +35.3%
    $1,560,960 +37.88%
  • 2018
    $14,682
    $1,132,127
  • 1205 Bennett Ave
    $1.75M
  • Recreation Park
    —
  • 90804
    $449K -7% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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