26 Bennett Ave, Long Beach, CA 90803
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26 Bennett Ave Long Beach, CA 90803

$1,505,000 Sold Price as of 08/19/2020
  • 7 Beds
  • 3 Baths
  • 3,476 Sq.Ft.
Sold
$1,505,000 Sold Price as of 08/19/2020 Refinance Your Mortgage

Map preview of 26 Bennett Ave, Long Beach, CA 90803

Property Overview: 26 Bennett Ave Long Beach, CA has 7 bedrooms, 3 bathrooms, 3,476 living square feet and 4,728 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Belmont Shore!! The third home in from Ocean Blvd and the sand, on an oversized lot of 4728 sq. ft. this mid-century triplex is a wonderful investment or live in one as owner-occupied home and have income to make the mortgage. It has 3 large units and a charming garden courtyard with roses. There is one 3 bed-1 bath on the main level with attached 1 car garage- Hard wood floors, remodeled bath and private laundry hook ups and patio. Upstairs there is an updated 2 bed 1 bath unit with living and dining rooms that open to a balcony, newer fixtures and large bedrooms, with tons of closets and hardwood floors, granite counters and newer cabinetry in the bath. There is a partial ocean view from this unit. The 3rd unit in the back over the garages is a well maintained original classic 1950 style with hardwood floors and tons of character. There are a total of 3 private garages, & 1 off street parking space, a laundry room with leased washer/dryer and a store room. Per the city the lot size should allow for a possible ADU without additional parking. Lots of potential and an amazing location across from the proposed new Olympic pool complex, the current outdoor pool and the beach amenities of bike paths, dog beach and restaurants, shopping and Iconix Fitness. Sand and surf are awaiting along with lots of upside in rents over time.

Listed by Heidi Brantley | BRE #01291141 | Coldwell Banker Coastal Alliance
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
4,728
HOA Dues
$0/mo
Year built
1950
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
PW20105643
City
Long Beach
County
Los Angeles
Time on Site
1531 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.6%
  • Gross Rent Multiplier: 19.5
  • Gross Scheduled Income: $82,140
  • Net Operating Income: $56,840
  • Gross Operating Income: $82,140
  • Gross Spendable Income: $56,840
  • # of Rented Garages: 3
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $240
  • Laundry Own/Lease: Lease
  • Other Income Description: all parking included in rents
Annual Expense Breakdown
  • Total Operating Expense: $25,566
  • Electric: $306
  • Licenses: $0
  • New Taxes: $19,200
  • Trash: $400
  • Gardener: $720
  • Insurance: $2,004
  • Maintenance: $1,000
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $1,210
  • Other Expenses: $312
  • Other Expense Description: laundry

Property Details for 26 Bennett Ave

Interior Features
Cooling Information
  • Wall/Window Unit(s), None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Wood
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Balcony, Ceiling Fan(s)
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage - Single Door
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Ocean, Peek-A-Boo
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 7256036009
  • Year Built Source: Assessor
  • Architectural Style: Mid Century Modern
  • Property is Attached
  • Offered With Property: Seller-owned stoves, refrigerators, and other appliances
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: Ocean and Bennett
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
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Sale History for 26 Bennett Ave

Last sold for $1,505,000 on August 19th, 2020
  • August, 2020

  • Aug 19, 2020

    Date

    Sold

    CRMLS: PW20105643

    $1,505,000

    Price

  • Jul 16, 2020

    Date

    Pending

    CRMLS: PW20105643

    $1,600,000

    Price

  • Jun 29, 2020

    Date

    Active Under Contract

    CRMLS: PW20105643

    $1,600,000

    Price

  • Jun 11, 2020

    Date

    Active

    CRMLS: PW20105643

    $1,600,000

    Price

  • Jun 5, 2020

    Date

    Coming Soon

    CRMLS: PW20105643

    $1,600,000

    Price

  • August, 2020

  • Aug 19, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,505,000

    Price

  • February, 2002

  • Feb 15, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 26 Bennett Ave

Assessed Value (2020): $659,407
Year Land Value Improved Value Assessed Value
2020 $423,378 $236,029 $659,407

Home Value Compared to the Market

This property vs the competition

26 Bennett Ave sold on August 19, 2020 for 95.36% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $460.3 per/sqft which puts the price per square foot 26.7% lower than the current median sale per square foot for the city of Long Beach.

About 26 Bennett Ave

Detailed summary of property

26 Bennett Ave is a triplex that recently sold in Long Beach, CA 90803. This triplex offered 7 bedrooms, 3 bathrooms, roughly 3,476 living square feet, and sits on an approximately 4,728 square foot lot. 26 Bennett Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,505,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 95.36% higher than the current median priced home. Local homes that are currently for sale include 4321 E 5th St, 3009 E 3rd St and 387 Freeman Ave. While the average home in Long Beach, CA is selling in 62 days, 26 Bennett Ave has a days on market of 16 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 26 Bennett Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 26 Bennett Ave

Public county record property details
Beds
7
Baths
3
Year built
1950
Sq. Ft.
3,476
Lot Size
4,727
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9,10
APN
7256-036-009

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

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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.