New Listing – Fully Renovated Fourplex in Alamitos Beach
Lyon | Stahl Investment Real Estate is pleased to present 17 Bonito Ave, a fully renovated 4-plex at Alamitos Beach in Long Beach!
This 3,166 Sq Ft property is listed for $1,650,000
17 Bonito 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 has been completely renovated, including being taken all the way down to the studs. Upgrades include brand new electrical, new plumbing, new gas lines, new meters and elegantly remodeled interiors.
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 $2200 for their 1 bed/1 bath units. Each oversized 1 bed unit comes with hardwood flooring, granite countertops, stainless steel appliances, and large kitchens. An on-site laundry room is 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 beachside, trophy asset in one of Southern California’s last affordable beach communities.
City Overview: Long Beach has emerged as a popular coastal community in Southern California. Located south of the city of Los Angeles, it has a population of about 471,000. Located near the 405 and 710 freeways, and with access to the Metro Blue Line train, Long Beach provides easy commutes to major employment hubs in Los Angeles and Orange County. Long Beach is also home to major businesses such as Verizon, Molina Healthcare, and the Port of Los Angeles.
Dozens of projects are transforming the city’s landscape, with more than $2.5 billion in capital pouring into Long Beach. These include the Douglas Park Redevelopment, a 261 acre mixeduse project on the site of the former Boeing campus. It will bring over 5000 jobs to Long Beach and will be home to nearly 30 businesses such as Mercedes–Benz US West headquarters and Virgin Galactic.
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