1108 Termino Avenue
$4,650,000
20
14
10,158
10,158
$458
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....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!
- Listed by Cheong Lee • DRE #02172372 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 1108 Termino Avenue
Zoning
LBR2N
Parcel Number7254005032
Total Units10.0
Living Area10158
Source Living AreaVendor Enhanced
AreaEastside, Circle Area (3)
Vacancy Rate0
Lot Size Area8561
LISTING UPDATED: 11/13/2024 03:35 PM
Property Details for 1108 Termino Avenue
Status | Active |
---|---|
MLS # | 24-437011 |
Days on Market | 64 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1986 |
Lot Size | 0.20 AC / 8,561 SF |
County | Los Angeles County |
Building Information for 1108 Termino Avenue
Stories-Residences-Year Built1986Building Size-Lot Size0.20 AC / 8,561 SF
Property Information for 1108 Termino Avenue
Property History for 1108 Termino Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1108 Termino Avenue
Taxable ValueLand$3,121,200Additions$1,560,600Total$4,681,800
Tax Record2024$60,212 ($5,018 / month)
Home Facts
Total Finished SqFt10,158 SqFtAbove Grade Finished SqFt10,158 SqFtLot Size8,559 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningLBR2NCountyLOS ANGELESAPN7254-005-032
Schools near 1108 Termino Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Bryant Elementary School PublicK to 5 | ||
Jefferson Leadership Academies School Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Richard D. Browning High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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