CA > Long Beach
Long Beach, CA 90804,1108 Termino Ave
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Long Beach, CA 90804,1108 Termino Ave
Long Beach, CA 90804,1108 Termino Ave
Long Beach, CA 90804,1108 Termino Ave
Long Beach, CA 90804,1108 Termino Ave
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 4,300,000
Est. payment /mo
Save
Price Dropped by $200K

1108 Termino Ave Long Beach, CA 90804

20 Beds

14 Baths

10,158 SqFt

UPDATED:

11/26/2024 12:30 AM

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

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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