17 Bonito Avenue, Long Beach, CA 90802

$1,450,000
3,166
SqFt
List Price
$1,450,000
Status
ACTIVE
MLS#
SB19084918
Year Built
1918
Living Sq. Ft
3,166
Lot Size
2,150
Acres
0.0494
Lot Location
0-1 Unit/Acre
Days on Market
6
Property Type
Multifamily
Neighborhood
Alamitos Beach (Ab)

Property Description

Completely remodeled from the ground up. This Turnkey asset is selling 600K less than the same building Next door at 1 Bonito which sold for $2,050,000 and less than up the block at 142 Bonito which sold for $1,750,000 and 126 Bonito $2,040,000. 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.

Additional Information

Tract Number
5535
Lot Description
Curbs, Sidewalks, Suburban
Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cameron Samimi from Lyon Stahl Investment Real Estate, Inc.

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