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.
|Last Updated||4/15/2019||Tract||Alamitos Beach (AB)|
|Year Built||1918||Community||4 - Downtown Area, Alamitos Beach|
|AREA||4 - Downtown Area, Alamitos Beach|
|LOT||2152 sq ft|
|LOT DESCRIPTION||0-1 Unit/Acre|
|SUBDIVISION||Alamitos Beach (AB)|
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