1225 Bennett Avenue

Long Beach, CA 90804

  • 0 Bed(s)
  • 0 Bath(s)
  • 16,503 Sqft
  • 12065
    Sqft(Lot)
$5,150,000

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 3.52% 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 aparking 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 blocksfrom 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    50096704

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1987
    • Building Area Total: 16,503

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Assessor
    • Lot Size Acres: 0.277
    • Lot Size Dimensions: 12065
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 12065

  • Listing Price Information

    • Original List Price: 5,150,000
    • Listing Contract Date: 2025-06-05

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7241008002

  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 3 - Eastside, Circle Area
    • Directions: On the corner of E Anaheim Street and Bennett Ave
    • Zoning: LBCCN
    • Source Property Type: Residential Income
    • Area: 3 - Eastside, Circle Area
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 38
    • Common Walls: 2+ Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front Door on Bennett Ave
    • Property Attached: Yes
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BuyOwner last updated this listing 06/07/2025 @ 20:40

  • MLS: PW25125963
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 16,503 sqft, 12,065 sized lot, and 32 parking. are nearby neighborhoods.