120-124 Bonito ave - Apartments FOR SALE


Long Beach, CA 90802
$2,400,000 USD
949-942-8959
120-124 Bonito ave, Long Beach, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/3
null | 3.11% Cap Rate

120-124 Bonito ave
Long Beach, CA 90802


HIGHLIGHTS

  • Premium Alamitos Beach Location Just One Block from the Ocean
  • Seller Financing Available
  • Large 2 Bedroom, 1 Bedroom, and Studio Units
  • Secure Gated Entry, Garage Parking, and On-Site Laundry For Tenants
  • First Time Available in Nearly 40 Years
  • Close Proximity to the Long Beach Convention Center, Shoreline Village, and the Restaurants and Retail Storefronts on Retro Row and Broadway

OVERVIEW

Skyline Commercial Advisors is pleased to present the opportunity to acquire The Bonito Apartments, a 6 unit apartment building located in the Alamitos Beach area of Long Beach, CA. The property offers an excellent mix of units including (3) 2 bedroom units, (2) 1 bedroom units, and (1) studio unit. Community amenities include secure gated entry, on-site laundry for tenants, as well as garage parking, a rare benefit in coastal Long Beach. The building has been well maintained showing clear pride of ownership. The Bonito Apartments provides an investor the opportunity to acquire an income producing asset with untapped potential in a prime location within one of the most vibrant cities in Southern California. Located on 1st St and Bonito Ave, in the Alamitos Beach area of coastal Long Beach. Its location is just one block from the ocean, less than 1 mile from the Long Beach Convention Center and Shoreline Village, and easy access to the restaurants and storefronts on Broadway as well as the exciting Retro Row. Long Beach's close proximity to major Freeways and the ocean along with its schools and bustling downtown area makes it a desirable place to live for residents working in Los Angeles or Orange County. *Please do not disturb tenants or walk on the property.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$491 USD /SF

# OF UNITS

6

PRICE/UNIT

$400,000

CAP RATE

3.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bonito Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,972 SF

ZONING

LBR4R

APN/PARCEL ID

7265-002-017

ASK ABOUT THIS PROPERTY

Ryan PrattSkyline Commercial Real EstateMore Info
949-942-8959

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Ryan PrattSkyline Commercial Real EstateMore Info
949-942-8959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.