1225 Bennett Avenue
Long Beach, CA 90804
0
Bed
0
Bath
16,503Sqft
12,065Sqft(Lot)
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 spa
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1987 Building Area Total: 16,503 -
Pool Features
NoneLaundry Features
Common Area
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Lot Details
Lot Dimensions Source: Assessor Lot Size Acres: 0.277 Lot Size Dimensions: 12065 -
Lot Size Source: Assessor Lot Size Square Feet: 12065
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Listing Price Information
Original List Price: 5,150,000 Listing Contract Date: 2025-06-05 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7241008002
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Garage and Parking
Garage Description: GarageHomeowners Association
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Other Property Info
Source Listing Status: Pending 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: 39 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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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1350 Quincy Avenue, Long Beach, CA, 90804 | $1,030,000 | 3 | 1 | 1,218 | 1,218 SqFt |
| 4375 E 14th Street, Long Beach, CA, 90804 | $1,300,000 | 5 | 2 | 2,648 | 2,648 SqFt |
| 4375 E 14th Street, Long Beach, CA, 90804 | $1,300,000 | 6 | -- | 2,648 | 2,648 SqFt |
| 1203 Ximeno, Long Beach, CA, 90804 | $2,745,000 | -- | -- | 5,700 | 5,700 SqFt |
| 3745 E Ransom Street, Long Beach, CA, 90804 | $999,999 | 2 | 1 | 1,029 | 1,029 SqFt |
| 3745 E Ransom Street, Long Beach, CA, 90804 | $999,999 | -- | -- | 1,029 | 1,029 SqFt |
| 3641 E Esther, Long Beach, CA, 90804 | $1,300,000 | 3 | 2 | 1,772 | 1,772 SqFt |
| 3337 E 15th, Long Beach, CA, 90804 | $1,500,000 | -- | -- | 3,284 | 3,284 SqFt |
| 1128 Stanley, Long Beach, CA, 90804 | $3,000,000 | -- | -- | 8,245 | 8,245 SqFt |
| 1135 Raymond Avenue, Long Beach, CA, 90804 | $2,400,000 | 16 | -- | 7,128 | 7,128 SqFt |
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ByOwner last updated this listing 06/11/2026 @ 19:08
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