Active
1108 Termino Avenue
Long Beach CA, 90804
$4,500,000
$443.00 per sqft
Active
20 Beds
14 Baths
10,158 sqft
Residential
Built in 1986
Listed by Cheong Lee with Keller Williams Beverly Hills 714-679-3992
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!
24437011
MLSⓇ ID
September 15, 2024
Listed
November 19, 2024
Updated
Map
1108 Termino Avenue
Long Beach CA, 90804
Interior Features
Total Stories
0
Bedrooms
20
Total Bathrooms
14
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.2 Acres
Other Property Details
Area Name
3 - Eastside, Circle Area
Days on Market
64
Garage
No
Parking
Gated
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
LBR2N
Listing History
Date | Event | Price |
|---|---|---|
11/19/2024 | Price change | $4,500,000 -4% |
Listing Contact: 310-432-6400
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/19/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 11/19/2024 at 2:10 AM UTC