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!
Property Details
Price:
$4,500,000
MLS #:
24437011
Status:
Active
Baths:
0
Address:
1108 Termino Avenue
Type:
Residential Income
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Sep 15, 2024
State:
CA
ZIP:
90804
Lot Size:
8,561 sqft / 0.20 acres (approx)
Year Built:
1986
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Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Gated
Parking Spots
0.00
Financial
Tenant Pays
Gas, Insurance, Electricity, Cable T V
Map
Community
- Address1108 Termino Avenue Long Beach CA
- Area3 – Eastside, Circle Area
- CityLong Beach
- CountyLos Angeles
- Zip Code90804
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1108 Termino Avenue
Long Beach, CA
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