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1207 Bennett Avenue

1207 Bennett Avenue,Long Beach, CA 90804

7

Unit

$1,925,000

Price

Property Details

Price Per Unit

$275,000

Price per SF

$507

Current Cap Rate

5.50%

Market Cap Rate

5.84%

Current GRM

11.92

Market GRM

11.42

1207 Bennett Avenue

1207 Bennett Avenue,Long Beach, CA 90804

$1,925,000

Price

Property Details

Price per SF

$507

Price Per Unit

$275,000

Price per SF

$507

Current Cap Rate

5.50%

Market Cap Rate

5.84%

Unit

7

Current GRM

11.92

Market GRM

11.42

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.

Highlights

  • Priced at 11.92 GRM on Current Rents
  • All Units Fully Renovated with In-Unit Washer/Dryer
  • Attractive Mix of 1BD and 2BD Units
  • Three (3) Garages Offer Potential for ADU Conversion
  • Quiet, Residential Neighborhood Near Belmont Heights

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