36
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$4,300,000
Est. payment /mo
20 BD
14 BA
10,158 SqFt
Price Dropped by $200K
1108 Termino AVE Long Beach, CA 90804
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UPDATED:
12/17/2024 04:27 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,158 sqft
Price per Sqft $423
MLS Listing ID 24437011
Bedrooms 20
HOA Y/N No
Year Built 1986
Lot Size 8,559 Sqft
Property Description
DO NOT CONTACT THE OWNER. AGENT STILL HOLDS A VALID CONTRACT. 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 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Gated
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 7254005032
Special Listing Condition Standard
Listed by Cheong Lee • Keller Williams Beverly Hills
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