$4,500,000
1108 Termino Avenue Long Beach, CA 90804
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$4,500,000
Est. payment /mo
10,158 SqFt
UPDATED:
11/19/2024 07:49 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,158 sqft
Price per Sqft $443
MLS Listing ID CL24437011
HOA Y/N No
Year Built 1986
Lot Size 8,561 Sqft
Acres 0.2
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!
Location
State CA
County Los Angeles
Area Listing
Zoning LBR2
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 7254005032
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Listed by Cheong Lee • Keller Williams Beverly Hills
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