Price Reduced Listing
1108 Termino Avenue , Long Beach, CA 90804
Long Beach, CA 90804
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!
Details
| Mls | 24437011 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 77 |
| Listing Provided By | Keller Williams Beverly Hills 310-432-6400 | Cheong Lee |
Features
| Beds | 20 |
|---|---|
| Baths | 14 |
| Sq Feet | 10,158 |
| Units | 10 |
| Buildings | 1 |
| Zoning | LBR2N |
| Acreage | 0.20 |
Market Activity 90804
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90804 |
| Area | 3 Eastside | Circle Area |
| Listing VS Median (in 90804) | |
Price: $4,300,000 low | high Med: $777,000 SqFt: 10,158 low | high Med: 1,490 $ / SqFt: $423 low | high Med: $701 On Site: 77 low | high Med: 19.500000 | |
