$4,995,000 - 154 Bennett Avenue, Long Beach

  • 0Beds
  • Baths
  • 8,550SQ. Feet
  • 0.29Acres

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.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:SB20186153
  • Price:$4,995,000
  • Bathrooms:0.00
  • Square Footage:8,550
  • Acres:0.29
  • Year Built:1924
  • Type:Residential Income
  • Style:Mediterranean
  • Status:Active

Community Information

  • Address:154 Bennett Avenue
  • Area:Belmont Heights, Alamitos Heights (2)
  • Subdivision:Belmont Heights (BH)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90803

Amenities

  • Parking Spaces:5
  • # of Garages:5

Interior

  • Stories:Three Or More Levels

Exterior

  • Lot Description:Corner Lot, Landscaped, Level with Street, Lot 10000-19999 Sqft, Lot Shape-Rectangular

Additional Information

  • Date Listed:September 8th, 2020
  • Days on Market:47
  • Zoning:LBR2N

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Provided By: Stephen Lampe(01164364), Re/Max Commercial & Investment.

Based on information from California Regional Multiple Listing Service, Inc. as of October 26th, 2020 at 8:22am CDT. 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.