1108 Termino, Long Beach, CA 90804
  • MLS#: OC25231379 ( Commercial/Residential )
  • Street Address: 1108 Termino
  • Viewed: 7
  • Price: $3,699,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Days On Market: 50
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90804
  • Subdivision: Other (othr)
  • Provided by: Berkshire Hathaway HomeService
  • Contact: Lily Lily
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Exceptional Investment Opportunity in Long Beachs Eastside Discover this rare 1980s multifamily gem in the desirable Eastside neighborhood of Long Beach, a low vacancy area with no Rent Control. The property features 10 spacious two bedroom, condo style apartments with bright interiors, large balconies, and vaulted ceilings in the upper units. Several units were remodeled in 2021, adding modern upgrades that enhance appeal for tenants. The gated 15 space parking garage offers convenience and additional income potential by renting out unused spaces. A newer roof with a lifetime guarantee, seller owned laundry machines, and locked entrances with surveillance cameras ensure both security and stability. With tenants responsible for their own gas and electricity, operating costs remain low. Ideally located near freeways and public transportation, this well maintained, income producing property presents a rare chance to secure strong cash flow and long term growth in one of Long Beachs most thriving rental markets.
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Features
Appliances
  1. Dishwasher
  2. Electric Oven
  3. Gas Cooktop
  4. Microwave
  5. Refrigerator
Association Fee
  1. 0.00
Building Area Total
  1. 10158.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Cooling
  1. None
Country
  1. US
Days On Market
  1. 253
Electric Expense
  1. 1200.00
Entry Location
  1. Front and Side
Fencing
  1. Wood
Fireplace Features
  1. None
Flooring
  1. Laminate
  2. Tile
Fuel Expense
  1. 0.00
Garage Spaces
  1. 15.00
Heating
  1. Central
Insurance Expense
  1. 5522.00
Laundry Features
  1. Community
Laundry Income
  1. 500.00
Lockboxtype
  1. None
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 233938.00
Number Of Separate Electric Meters
  1. 11
Number Of Separate Gas Meters
  1. 11
Number With Dishwasher
  1. 10
Number With Range
  1. 10
Number Wit Hrefrigerator
  1. 10
Parcel Number
  1. 7254005032
Parking Features
  1. Garage
  2. Garage Faces Front
  3. Garage Faces Side
  4. On Site
  5. Parking Space
Pool Features
  1. None
Professionalmanagementexpense
  1. 12000.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 448452880:CRM
Spa Features
  1. None
Subdivision Name Other
  1. NA
Tenant Pays
  1. Electricity
  2. Gas
  3. Parking Fee
Totalactualrent
  1. 291288.00
Totalexpenses
  1. 57359.00
Trash Expense
  1. 1800.00
Utilities
  1. Electricity Available
  2. Electricity Connected
  3. Natural Gas Available
  4. Natural Gas Connected
  5. Water Available
  6. Water Connected
View
  1. City Lights
Water Sewer Expense
  1. 1140.00
Water Source
  1. Public
Year Built
  1. 1986
Year Built Source
  1. Assessor