1108 Termino Avenue

Long Beach, CA 90804

$4,650,000

List Price

20

bed Beds

14

shower Baths

10,158 sqft

straighten / sqft

1986

calendar_month Built

Property 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

List Price $4,650,000
Status Active
MLS 24437011
Type Residential Income
Year Built 1986
Lot Size 8,561
Structure Size 10,158
DOM 59
Courtesy Of Keller Williams Beverly Hills
Listing Agent Cheong Lee DRE#02172372

Interior Features

Total Bedroom
Bedrooms 20
Total Bathroom
Bathrooms 14

Exterior Information

Maps

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 Nov 13th, 2024 at 11:48 PM 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.