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17 Bonito Ave, Long Beach, CA 90802
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17 Bonito Ave Long Beach, CA 90802

$1,579,000
  • 4 Beds
  • 4 Baths
  • 3,166 Sq.Ft.
For Sale
$1,579,000 Get Pre-Qualified
Map preview of 17 Bonito Ave, Long Beach, CA 90802

Property Overview: 17 Bonito Ave Long Beach, CA has 4 bedrooms, 4 bathrooms, 3,166 living square feet and 2,150 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Location, location, location. Don't miss out on this opportunity to add this unique asset to your portfolio. Four large 1 bedroom, 1 bath units in an updated building located just steps to the beach and close to everything that makes living in Long Beach desirable. This could be the special investment you've been looking for so look no further. Some of the updates over the years have included new electric wiring and panels, new plumbing and gas lines, and interior remodeling (btv). New roof less than a year ago. There's still lots of new development coming to the surrounding areas of Long Beach and this location is just a short distance to Belmont Shore’s “2nd street”, which houses most of Long Beach's best fashion stores, restaurants, bars and coffee shops. Perfect building for a smart investor looking for a prime asset in an A plus unbeatable location.

Listed by Ellis Posner | BRE #01416970 | Ellis Posner Real Estate
Last checked: 12 minutes ago | Last updated: April 19th, 2024 | Source CRMLS | DOM: 88
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Home details

Lot Sq. Ft
2,150
HOA Dues
$0/mo
Year built
1918
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
SB24017715
City
Long Beach
County
Los Angeles
Time on Site
90 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $86,000
  • Net Operating Income: $55,200
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $30,800
  • Trash: $800
  • Insurance: $4,000
  • Water/Sewer: $2,000

Open Houses for 17 Bonito Ave

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Property Details for 17 Bonito Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7265003025
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: Ocean to Bonito
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 17 Bonito Ave

Last leased for $1,595 on February 4th, 2020

  • February, 2024

  • Feb 1, 2024

    Date

    Active

    CRMLS: SB24017715

    $1,799,000

    Price

  • February, 2020

  • Feb 4, 2020

    Date

    Leased

    CRMLS: PW20023969

    $1,595

    Price

  • Feb 3, 2020

    Date

    Active

    CRMLS: PW20023969

    $1,595

    Price

  • Listing provided courtesy of CRMLS

    This beautiful one bedroom apartment is in a well maintained 4-plex building. Located on ground level this unit provides a oversized one bedroom. Featuring hardwood flooring, granite countertops, stainless steel stove and a dishwasher. On-site laundry room also available. The living room has large windows allowing for perfect natural lighting.

  • September, 2019

  • Sep 4, 2019

    Date

    Sold

    CRMLS: SB19084918

    $1,350,000

    Price

  • Jul 1, 2019

    Date

    Pending

    CRMLS: SB19084918

    $1,350,000

    Price

  • May 31, 2019

    Date

    Price Change

    CRMLS: SB19084918

    $1,350,000

    Price

  • May 21, 2019

    Date

    Price Change

    CRMLS: SB19084918

    $1,450,000

    Price

  • May 20, 2019

    Date

    Price Change

    CRMLS: SB19084918

    $1,350,000

    Price

  • May 7, 2019

    Date

    Price Change

    CRMLS: SB19084918

    $1,365,000

    Price

  • Apr 15, 2019

    Date

    Active

    CRMLS: SB19084918

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    Completely remodeled from the ground up. This property has brand new electric wiring and panels, new plumbing and gas lines, and all new interiors. This is a beautiful property has an absolutely perfect location, sitting only steps from the beach in Alamitos Beach and a short walk to the booming downtown Long Beach area. The property is comprised of (4), large 1-bedroom/1-bath units, which are receiving strong rents but still plenty of room to grow as neighbor properties are currently receiving $2,200 for their 1-bed/1-bath units. Each oversized 1 bed unit comes with hardwood flooring, granite countertops, stainless steel appliances, and large kitchens. On-site laundry room also available. Not only are the Bonito Apartments situated just steps from the ocean, but they are also adjacent to the $6 billion in new development coming to the surrounding area of Long Beach. That includes the $520 million Civic Center project, $250 million Queen Mary Island waterfront development, and $52 million Long Beach Aquarium expansion. Do not miss out on this chance to own a beach side, trophy asset in one of Southern California's last affordable beach communities.

  • August, 2019

  • Aug 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

  • April, 2008

  • Apr 16, 2008

    Date

    Sold (Public Records)

    Public Records

    $825,000

    Price

Show More

Tax History for 17 Bonito Ave

Assessed Value (2020): $1,350,000
Year Land Value Improved Value Assessed Value
2020 $900,000 $450,000 $1,350,000

Home Value Compared to the Market

This property vs the competition

17 Bonito Ave is listed 97.4% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $498.74 per/sqft which puts the price per square foot 22.56% lower than the median price per square foot for the city of Long Beach.

About 17 Bonito Ave

Detailed summary of property

17 Bonito Ave is a fourplex located in Long Beach, CA 90802 and is currently for sale. This fourplex offers 4 bedrooms, 4 bathrooms, roughly 3,166 living square feet, and sits on an approximately 2,150 square foot lot. 17 Bonito Ave was first listed on ArdentRealEstateGroup.com on February 1, 2024. The homeowner is currently asking $1,579,000 and was originally asking $1,799,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 97.4% higher than the median priced home. Local competing homes currently for sale include 1163 Magnolia Ave, 1163 Magnolia Ave and 2529 E 10th St. While the average home in Long Beach, CA is selling in 54 days, 17 Bonito Ave has a days on market of 88 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 17 Bonito Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 17 Bonito Ave

Public county record property details
Beds
4
Baths
4
Year built
1918
Sq. Ft.
3,166
Lot Size
2,150
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7265-003-025

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$530,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$505,000
Median Sold Price/Sq.Ft.
$634
Total Inventory
124
Median Sale to List Price %
96.19%
Avg Days on Market
34
Loan Type
Conventional (50%), FHA (3.57%), VA (3.57%), Cash (28.57%), Other (10.71%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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