1108 Termino Avenue
Long Beach, CA 90804
Active for $4,650,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 8,561 sqft
| MLS | OC24089428 |
| Year Built | 1986 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $4,650,000 |
| Structure Size | N/A sqft |
| Lot Size | 8,561 sqft |
| Beds | N/A |
| Baths | N/A |
Description
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.
Listing information courtesy of: Lily Nguyen, Berkshire Hathaway HomeService . *Based on information from the Association of REALTORS/Multiple Listing as of 09/19/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Jannicke Paredes
REALTOR®
Direct: 909.260.4416
Email: Email Me
DRE: 01948934
DRE #01873088
.png){kind=small}