1535 Termino AVE Long Beach, CA 90804
Active
$1,300,000
4 Units
3 Beds
2 Baths
3,570 Area(sq.ft.)
2,200 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 3 | 1 | 1 | No | $ 1,600 | $ 4,800 | $ 6,450 |
| Unit 2 | 1 | 2 | 1 | Yes | $ 2,200 | $ 2,200 | $ 2,600 |
| 2 | 4 | 5 | 4 | $ 7,000 | $ 16,600 | $ 21,950 |
| MLS #: | OC24145967MR |
| Days On Market: | 73 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 364 |
| Price per unit: | $ 325,000 |
| Year Built: | 1963 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 81,480 |
| Total Annual Expense: | $ 28,100 |
| Net Operating Income: | $ 53,380 |
Structure
| Amenities: | pool |
| Community Features: | Sidewalks |
| Style: | Traditional |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Direct Entrance |
Interior
| Cooking Appliances: | Oven-Electric, Range |
| Equipment: | Community |
| Laundry: | Community |
Exterior
| Pool: | True |
| Pool Description: | Association Pool |
| Spa: | True |
Detailed Map
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