1225 Bennett Avenue, Long Beach, CA 90804 - Berkshire Hathaway HomeServices California Properties
1225 Bennett Avenue Long Beach, CA 90804
$5,150,000 0 beds, 0 baths
0 sqft

Agent Remarks

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.

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Pending
MLS# PW25125963
List price is $5,150,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1987
0.28 acres
Lot size: 0.2770
Subdivision: Circle (CA)
County: Los Angeles
Zoning: LBCCN
Parking description: Garage
Lot description: SixteenToTwentyUnitsAcre
MLS area: 3 - Eastside, Circle Area

Last Updated: 6/12/2025

 Find more Long Beach homes and real estate

 Find more homes in 90804 zip code

This listing belongs to the 3 - Eastside, Circle Area MLS area

 Find more homes in the Circle (CA) subdivision

Lat/Long: 33.782250, -118.142843.
Find nearby listings


Listing Agent: Woody Stahl
Co Listing Agent: Brett Lyon
Lic#: 01234982
Office Name: Mission Viejo

Area Map

Nearby Schools

No schools were found in the area