1108 Termino Avenue
Long Beach, CA, 90804
$4,500,000
Beds
0 Baths
SqFt
0.2 Acres
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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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1108 Termino Avenue
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