1108 Termino Ave Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,158 sqft
Price per Sqft $423
MLS Listing ID 24-437011
Bedrooms 20
Year Built 1986
Lot Size 8,561 Sqft
Acres 0.1965
Property Description
Discover a hidden gem in Long Beach's Eastside submarket with this exceptional 1980s building. Situated in a highly sought-after, low-vacancy area, the property presents over 18% rental upside potential. Recent improvements include remodeled units in 2021 and an upgraded 15-space parking garage. The building comprises 10 spacious two-bedroom, condo-style apartments, each featuring bright and airy interiors. Upper units offer vaulted ceilings, and all units include large balconies for added comfort. Security is enhanced with locked entrances and surveillance cameras throughout the property. The gated garage, with 15 parking spaces, also provides potential for additional income by renting out unused spaces. Other key features include a newer roof with a lifetime guarantee and seller-owned laundry machines. With tenants responsible for their own gas and electricity, operating costs remain low. Conveniently located near freeways and public transportation, this well-maintained, income-generating property offers significant growth potential. Don't miss out on this outstanding investment opportunity in a thriving Long Beach neighborhood!
Location
State CA
County Los Angeles
Area Eastside, Circle Area
Zoning LBR2N
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Air Conditioning, Wall Unit(s)
Equipment Other
Exterior
Parking Features Gated
Building
Level or Stories Multi/Split
Others
Special Listing Condition Standard