Est. cap rate

3.3%

Assumed rent, all units

$9,120/mo

Units

3

Price per unit

$549,333

Est. annual NOI

$54,720

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,176 sqft

Lot size

3,143 sqft

Year built

1975

Stories

2

Garage spaces

3

Style

See Remarks

Heating

Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

100

MLS #

244029813

About this property

Discover coastal living at its finest in the vibrant Belmont Shore neighborhood of Long Beach! Just one short block from the beach, this beautifully maintained property is comprised of three impeccably remodeled units, each featuring remodeled kitchens with stylish cabinets, quartz countertops, and stainless steel appliances. The interiors boast newer flooring throughout, enhancing the modern elegance of each space.There are two one bedroom and one bath units in the front, while the third spacious two-bedroom, one-bath unit sits above the garages In back. Each unit benefits from its own patio area, perfect for enjoying the outdoors. Residents will also appreciate the convenience of a shared community laundry facility.One of the standout benefits of this property is the parking arrangement, offering three single-car garages with an additional driveway space in front of each garage for convenient parking for all residents. The building has been thoughtfully maintained over the years, ensuring a bright and inviting atmosphere with an abundance of windows and natural light.In addition to fine restaurants and cafes, the area offers an array of coastal activities to enjoy. Whether it's surfing the waves, fishing off the pier, biking along scenic paths, or simply taking a leisurely walk along the beach, Belmont Shore provides an idyllic setting for an active lifestyle.

Location

60 Bennett Avenue

Long Beach, Los Angeles, CA, 90803