1535 Termino Avenue
Closed 12/4/24
Closed 12/4/24
Description
-Gated Community with Pool
- Tenants responsible for their electricity and gas
- Separate metering for each unit
- Attached garages
. With a potential...We are excited to introduce a fantastic opportunity located at 1535 Termino Ave Ave in Long Beach. This property features a 4 unit apartment building with (3) 1-Bedroom, 1-Bathroom units and (1) 2-Bedroom, 1-Bathroom Unit each around 884 sqft. Built in 1963, the building offers a total of 3,537 sqft of livable space on a spacious lot. Key features include:
-Gated Community with Pool
- Tenants responsible for their electricity and gas
- Separate metering for each unit
- Attached garages
. With a potential for rental over 1.5x income upside, this presents an ideal opportunity for a value-add investor.
- Listed by Jason Dufault • DRE #01844551 • Brokerage DRE #01443822 • Keller Williams Coastal Proper • 714-292-6478
Property Details for 1535 Termino Avenue
Property Details for 1535 Termino Avenue
| Status | Closed |
|---|---|
| MLS # | OC24145967 |
| Days on Market | 101 |
| Taxes | - |
| HOA Fees | $750 / month |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1963 |
| Lot Size | 0.05 AC / 2,200 SF |
| County | Los Angeles County |
Building Information for 1535 Termino Avenue
Property Information for 1535 Termino Avenue
- Tenant Pays: All Utilities, Cable TV, Electricity
- Pets Allowed: Call For Rules
- Gross Income: $9,000
- Gross Scheduled Income: $84,000
- Vacancy Allowance: 2520
- Vacancy Allowance Rate: 3
- Gross Operating Income: $81,480
- Net Operating Income: $53,380
- Financing: Conventional
- Operating Expense: $28,100
- Fuel Expense: $0
- Electric Expense: $1,600
- Insurance Expense: $2,000
- Trash Expense: $0
- Total Expenses: $28,100
- Tax Tract Number: 27976
- Tax Census Tract: 5750.02
- CFD/Mello-Roos Fee: $844
- Tax Lot: 7
- Association Amenities: Pool, Spa/Hot Tub, Clubhouse
- Assessments YN: Yes
- Assessments: Unknown
- Community Features: Sidewalks
- Appliances: Electric Oven, Electric Range
- Equipment: Community
- Laundry: Yes
- Laundry Features: Community
- Flooring: Carpet, Laminate
- Entry Location: Ground Floor
- View Description: None
- Pool Features: Association, Community
- Pool Description: Association Pool
- Pool: Community/Common
- Spa Features: Association, Community
- Lot Features: Close to Clubhouse
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Electric: Electricity - On Property
- Water Source: Public
- Garage Spaces: 4
- Parking: Yes
- Parking Garage: Assigned, Direct Entrance
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Parking Features: Assigned, Direct Garage Access
- Builders Tract Name: Circle
- Builders Tract Code: Circle (CA)
- Unit Type Units Total: 3
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 3
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,600
- Unit Type Total Rent: $4,800
- Unit Type Pro Forma: 6450
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Furnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,200
- Unit Type Total Rent: $2,200
- Unit Type Pro Forma: 2600
- Unit Type Type: 2
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 4
- Number With Range: 4
- Number With Refrigerator: 4
Property History for 1535 Termino Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1535 Termino Avenue
Schools near 1535 Termino Avenue
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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Listing Courtesy of Keller Williams Coastal Proper, Jason Dufault, DRE #01844551
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.