221 Termino AVE Long Beach, CA 90803
Active
$1,799,000
3 Units
4 Beds
4 Baths
2,502 Area(sq.ft.)
6,501 Lot Size(sq.ft.)
Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
---|---|---|---|---|---|---|---|
Unit 1 | 1 | 2 | 2 | No | $ 4,000 | $ 4,000 | $ 4,500 |
Unit 2 | 1 | 1 | 1 | No | $ 2,100 | $ 2,100 | $ 2,400 |
Unit 3 | 1 | 1 | 1 | No | $ 2,200 | $ 2,200 | $ 2,400 |
3 | 3 | 4 | 4 | $ 8,300 | $ 8,300 | $ 9,300 |
MLS #: | PW24202569MR |
Days On Market: | 82 |
County: | Los Angeles |
Property Type: | Residential Income |
Price per ft2: | $ 719 |
Price per unit: | $ 599,667 |
Year Built: | 1914 |
Property Details
This amazing property is located in the heart of one of the best neighborhoods in Long Beach, Belmont Heights. This upgraded triplex features a single family home and 2 units over 4 garages on a full-size lot only a few blocks from the beach and walking distance to Belmont Shore. The front house is a restored California Bungalow with all the historic curb appeal & charm that defines this historic part of town. The front house features refinished hardwood floors, upgraded electrical, upgraded plumbing, new tank-less water heater, central heat, LED lighting, ceiling fans, new 50- year presidential roof, new carpet, built-in's, coffered ceilings, wains-coating, double hung windows, period door, large enclosed front porch, large kitchen with service porch, inside laundry, & basement. The front house also has a very large stand up attic that could be converted to additional living space. The back units are above 4 extra large garages. Each unit is a 1 bed 1 bath. Each of the back units have a large outside deck, a storage/laundry room & are in excellent condition. The back-building features low maintenance stucco, newer windows & upgraded electrical . The property has lots of off street parking and features 4 garages and parking for 2 cars behind the garages off the alley. These garages could also easily be converted to 2 ADU units to bring in additional income. The front unit can either be owner occupied or rented. The units are situated well on a large lot with lots of usable open space and yard area. Mature landscaping that is well maintained and there is a sprinkler system on the property. Don't miss this opportunity to purchase a historic home in Belmont Heights.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
Rent Control: | False |
Total Annual Expense: | $ 28,968 |
Net Operating Income: | $ 78,132 |
Cap Rate: | 4.34% |
Gross Rent Multiplier: | 16.80 |
Structure
Community Features: | Biking, Curbs, Dog Park, Golf, Park, Street Lights |
Style: | Craftsman |
Sewer: | Public Sewer |
Water: | Public |
Land & Parking
Zoning: | LBR1N |
Land Lease Type: | Fee |
Parking Garage: | Assigned |
Interior
AC/Cooling: | None |
Equipment: | Room |
Heating: | Forced Air |
Fireplace Rooms: | None |
Laundry: | Room |
Exterior
Pool: | No |
Roof: | Composition |
Detailed Map
Schools
Find a great school for your child