Active

1108 Termino AVE

LONG BEACH CA, 90804

$4,650,000


$457.77 per sqft

Active

22 Beds

15 Baths

10,158 sqft

Residential

Built in 1986

GREAT INVESTMENT PROPERTY!!! Discover a gem in the Eastside submarket of Long Beach with this exceptional 1980s building. This property boasts 10 LARGE UNITS two-bedroom, condo-style apartments, each offering spacious and luminous interiors. Highlights include vaulted ceilings in upper units and expansive balconies in all apartments, enhancing the appeal and comfort for residents. Security is prioritized with locked entrances and security cameras throughout the property. Additionally, the building features a gated garage with 15 parking spaces, presenting an opportunity to generate additional income by renting out surplus spaces. It features a newer roof with a lifetime guarantee and includes seller-owned laundry machines. The financial burden of utilities is eased as tenants are responsible for their own gas and electric costs, keeping operating expenses low. This investment asset is a standout in a desirable, low-vacancy area of Long Beach, offering more than 18% rental upside potential. Recent upgrades include remodeled units in 2021 and a piloties 15 parking lot enhancement. Conveniently located near freeways and public transportation, this property represents a rare chance to acquire a well-maintained, income-generating building with significant growth potential. Act now to capitalize on this excellent investment opportunity in a thriving residential neighborhood.

OC24089428MR

MLS ID

May 4, 2024

Listed

May 10, 2024

Updated

Map

1108 Termino AVE
LONG BEACH CA, 90804

Interior Features

Total Stories

3


Bedrooms

22


Total Bathrooms

15


Laundry Description

Community, Laundry Area


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

No

Exterior/Building Features

Lot Size

0.2 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Eastside, Circle Area


Days on Market

5


Garage

Yes


Garage Spaces

15


Parking Total

15


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LBR2N

Listed by Lily Nguyen with Berkshire Hathaway HomeService
Listing Contact: 714.949.7888 

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 Davi Nogueira | CA DRE# 01991473 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 5/10/2024

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