154 Bennett Avenue, Long Beach, CA 90803 | SB20186153 | Berkshire Hathaway HomeServices California Properties

154 Bennett Avenue $4,995,000

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    154 Bennett Avenue Long Beach, CA 90803

    • 0 Beds
    • 0 Baths
    • 8,550 sq. ft.
    • Multi-Family
    • MLS# SB20186153
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    Views: 14 Days On Market: 43

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    Property Details

    Villa Fiore is an architectural gem located in the Belmont Heights area of Long Beach, just blocks from the beach on a large 12,700 square foot corner lot. The property is 100% occupied & consists of 15 apartment units of which 13 are permitted. There is significant upside in the rents as they are below market levels. There is additional income potential from garage and storage units that are not rented. The owner has taken great care to preserve the architectural features of Villa Fiore while making upgrades throughout the property. There are large balconies with ocean views from some units and the units exude the charm & style of the roaring 1920's. The property was developed in 1924, and is designed as a complex surrounding a lushly landscaped courtyard. The first building consists of a 3-story building at the corner of 2nd St & Bennett with the address of 158&160 Bennett Ave and consists of 4 units. 154 & 156 Bennett are single story buildings with 5 units and 4 units respectively. 4312-4316 E 2nd St has 2 units in a single-story building. The total livable area was measured to be 8,550 SF, the Tax Assessor records indicate 7,696 SF. The property has additional building area adjacent to the 7 garage spaces, and has a large attic above 158-160 Bennett that is in addition to the tax assessor's records (Buyer to verify units & square footage). The property is a short walk to the Belmont Beach Pier, the bike path, shops & restaurants on 2nd St along Belmont Shore.

    • General Features
      • Number Of Units Leased 15
      • Number Of Separate Water Meters 1
      • Number Of Separate Electric Meters 16
      • Number Of Separate Gas Meters 16
      • Number Of Units Total 15
      • Property Condition Turnkey
      • Year Built 1924
      • Subdivision Name Belmont Heights (BH)
      • County Or Parish Los Angeles
      • Number Of Buildings 4
      • Community Features Biking,Curbs,Sidewalks
    • Building Features
      • Architectural Style Mediterranean
      • Laundry Features Common Area
      • Levels Three Or More
    • Property Features
      • Lot Size Acres 0.29
      • Lot Features Corner Lot,Landscaped,Level with Street,Lot 10000-19999 Sqft,Rectangular Lot
      • Pool Private Y/N 0
      • View Ocean,Peek-A-Boo
      • Pool Features None
      • Parking Total 5.00

    Contact

    Isai Diego

    Isai Diego

    Realtor®

    DRE#02042532

    Lakewood Branch Office DRE 00338699

    Text: 562-653-6444

    Neighborhood

    90803 (Long Beach) Demographics

    43 Median Age
    7,855 Population Density (per sq. mile)
    67% College Educated
    $78,406 Estimated Median Income
    7,144 Estimated Total Home Owners
    9,641 Estimated Total Renters
    43% / 57% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    31,680 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,288,250 Median Sales Price
    16 Homes Sold
    58 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,995,000
        9/8/2020 2:02:00 PM New in Database Source New Value: $4,995,000

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        Based on information from California Regional Multiple Listing Service, Inc. as of 10/21/2020 4:45:01 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.