1108 Termino Ave Long Beach, CA 90804
Active
$4,300,000
10 Units
20 Beds
14 Baths
10,158 Area(sq.ft.)
8,561 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,354 | $ 2,354 | $ 2,600 |
| Unit 2 | 2 | 2 | 2 | No | $ 2,413 | $ 2,413 | $ 2,800 |
| 2 | 3 | 6 | 5 | $ 7,180 | $ 7,180 | $ 8,200 |
| MLS #: | 25-481099 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 423 |
| Price per unit: | $ 430,000 |
| Year Built: | 1986 |
Property Details
*No Rent Control* Discover a hidden gem in Long Beach's Eastside submarket with this exceptional 1980s building. Situated in a highly sought-after, low-vacancy area without Rent Control. 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!Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 57,350 |
| Total Annual Expense: | $ 57,350 |
| Net Operating Income: | $ 233,938 |
| Gross Annual Income: | $ 24,274 |
| Gross Rent Multiplier: | 14.76 |
| Actual Gross Rent: | $ 291,288 |
Structure
| Type of Units: | 2 |
| Buildings: | 1 |
| Levels: | Multi/Split |
| Security Features: | Card/Code Access, Community, Gated, Fire and Smoke Detection System, Carbon Monoxide Detector(s), Fire Sprinklers |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
| Parking Garage: | Garage Is Attached, Gated, Parking Space, Assigned |
| Covered Parking: | 15 |
| Total Parking: | 15 |
Interior
| AC/Cooling: | Central |
| Equipment: | Dishwasher, Refrigerator |
| Heating: | Central |
Exterior
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