1225 Bennett Avenue, Long Beach, CA 90804

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
1225 Bennett Avenue,Long Beach, CA 90804
$5,150,000
  • - Beds
  • - Baths
  • 16,503 sq. ft.
  • Multi-family
  • Pending
Listed by: woody stahl, brett lyon
Office: lyon stahl investment real est310-425-9838
MLS#:PW25125963
Source:CRMLS

Price summary

  • Price:$5,150,000
  • Price per sq. ft.:$312.06

About this home

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...

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Home facts

  • Year built:1987
  • Listing ID #:PW25125963
  • Added:352 day(s) ago
  • Updated:May 24, 2026 at 07:36 AM

Rooms and interior

  • Living area:16,503 sq. ft.

Structure and exterior

  • Year built:1987
  • Building area:16,503 sq. ft.
  • Lot area:0.28 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,150,000
  • Price per sq. ft.:$312.06

Parking

  • Total parking spaces:32
  • Parking description:Garage
  • Garage:Yes
  • Garage spaces:32
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