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Property Description

Discover a hidden gem in Long Beach’s Eastside submarket with this exceptional 1980s building. Situated in a highly sought-after, low-vacancy area, the property presents over 18% rental upside potential. 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!

Features
: Wall Furnace
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Additional Information
Keller Williams Beverly Hills
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CLW-C138752
CLW-X74054
Cheong
7254005032
: Standard
Multi/Split
32

Multi-Family For Sale

1108 Termino Avenue, Long Beach, California 90804

10,158 Sqft
$4,650,000
Listing ID #24437011
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24437011
Price : $4,650,000
Living Area : 10,158 Sqft
Lot Size : 8,561 Sqft
Year Built : 1986
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90804
Price Per Square Foot : $458
ModificationTimestamp : 2024-09-23 05:07:42
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