1108 Termino Avenue
Long Beach, CA 90804
$150,000.00 (-3.23%)
Active for $4,500,000
Beds: 20 Baths: 14 Structure Size: 10,158 sqft Lot Size: 8,561 sqft
| MLS | 24437011 |
| Year Built | 1986 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $4,500,000 |
| Structure Size | 10,158 sqft |
| Lot Size | 8,561 sqft |
| Beds | 20 |
| Baths | 14 |
Description
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!
Listing information courtesy of: Cheong Lee, Keller Williams Beverly Hills 714-679-3992. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 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®
Joshua Trujillo
REALTOR®
Direct: 818.314.2001
Email: Email Me
DRE: 02190072
DRE #01873088
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