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1108 Termino Avenue, Long Beach, CA 90804
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1108 Termino Avenue
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  • MLS#: 25481099 ( )
  • Street Address: 1108 Termino Avenue
  • Viewed: 2
  • Price: $4,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Days On Market: 6
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90804
  • Provided by: Keller Williams Coastal Prop.
  • Contact: Cheong Cheong
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    *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!
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Features
Appliances
  1. Dishwasher
  2. Refrigerator
Building Area Total
  1. 10158.00
Cooling
  1. Central Air
Country
  1. US
Flooring
  1. Wood
Garage Spaces
  1. 15.00
Heating
  1. Central
Levels
  1. Multi/Split
Netoperatingincome
  1. 233938.00
Parcel Number
  1. 7254005032
Parking Features
  1. Gated
  2. Parking Space
  3. Assigned
Security Features
  1. Card/Code Access
  2. Gated Community
  3. Fire and Smoke Detection System
  4. Carbon Monoxide Detector(s)
  5. Fire Sprinkler System
Sourcesystemkey
  1. 25-481099:CLAW
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
  4. Trash Collection
  5. Water
Totalexpenses
  1. 57350.00
Year Built
  1. 1986
Zoning
  1. LBR2N