GREAT INVESTMENT PROPERTY!!! Discover a gem in the Eastside submarket of Long Beach with this exceptional 1980s building. This property boasts 10 LARGE UNITS two-bedroom, condo-style apartments, each offering spacious and luminous interiors. Highlights include vaulted ceilings in upper units and expansive balconies in all apartments, enhancing the appeal and comfort for residents. Security is prioritized with locked entrances and security cameras throughout the property. Additionally, the building features a gated garage with 15 parking spaces, presenting an opportunity to generate additional income by renting out surplus spaces. It features a newer roof with a lifetime guarantee and includes seller-owned laundry machines. The financial burden of utilities is eased as tenants are responsible for their own gas and electric costs, keeping operating expenses low. This investment asset is a standout in a desirable, low-vacancy area of Long Beach, offering more than 18% rental upside potential. Recent upgrades include remodeled units in 2021 and a piloties 15 parking lot enhancement. Conveniently located near freeways and public transportation, this property represents a rare chance to acquire a well-maintained, income-generating building with significant growth potential.
MLS #
CROC24089428
MLS Source
California Regional MLS
Days on Site
45
Buyer's Brokerage Compensation*
2.00
Laundry
Community Facility
Cooling
Central Forced Air
Garage/Parking
Garage: 15 Car(s)
HOA Fee
$0
Listing Agent
Lily Nguyen
Berkshire Hathaway HomeService
License #: 01949435
Phone: (714) 949-7888
Co-Listing Agent
Danny Tran
License #: 02047607
Phone: –
# Buildings | # Leased Units | # Total Units |
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1 | – | – |
1108 Termino Ave is a Residential Income in Long Beach, CA 90804. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,650,000 and was built in 1986.
This address can also be written as 1108 Termino Ave, Long Beach, CA 90804.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of June 13, 2024. For the most current information, please contact Lily Nguyen, (714) 949-7888