Active

1108 Termino Ave Unit: 10

Long Beach CA, 90804

$4,650,000


$457.77 per sqft

Active

20 Beds

14 Baths

10,158 sqft

Multi-family

Built in 1986

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!

24-437011

MLS ID

September 15, 2024

Listed

September 16, 2024

Updated

Map

1108 Termino Ave Unit: 10
Long Beach CA, 90804

Interior Features

Total Stories

0


Bedrooms

20


Total Bathrooms

14


Appliances

Other


Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning, Wall Unit(s)


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.2 Acres

Other Property Details

Area Name

Eastside, Circle Area


Garage

No


Parking

Gated


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

LBR2N

Listed by Cheong Lee with Keller Williams Beverly Hills
Listing Contact: 714-679-3992 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/16/2024

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