1108 Termino Avenue 10, Long Beach CA, 90804

Active

1108 Termino Avenue 10

Long Beach CA, 90804

$4,650,000

$457.77 per sqft

Active

20 Beds

14 Baths

10,158 sqft

Residential

Built in 1986

Listed by Cheong Lee with Keller Williams Beverly Hills 714-679-3992

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!

24437011

MLSⓇ ID

September 15, 2024

Listed

September 18, 2024

Updated

Map

1108 Termino Avenue 10
Long Beach CA, 90804

Interior Features

Total Stories: 0
Bedrooms: 20
Total Bathrooms: 14
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.2 Acres

Other Property Details

Area Name: 3 - Eastside, Circle Area
Garage: No
Parking: Gated
Parking Total: 0
View: No
County: Los Angeles
Pool: No
Zoning: LBR2N

Listing Contact: 310-432-6400

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/18/2024 at 5:41 PM UTC