Active
Property Description
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. Act now to capitalize on this excellent investment opportunity in a thriving residential neighborhood.
Features
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: Central Air
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Address Map
U.S.
California
Los Angeles
Long Beach
90804
1108 Termino Avenue
0
W119° 51' 16.2''
N33° 46' 51.7''
MLS Addon
Residential Income For Sale Long Beach
1108 Termino Avenue, Long Beach, Los Angeles, California, 90804
8,561 Acre
Visits : 8 in 139 days
$4,650,000
Listing ID #OC24089428
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : OC24089428
Price : $4,650,000
Year Built : 1986
Lot Area : 8,561 Acre
Status : Active
Property Sub Type : Mixed Use
Agent info
Damian M. Ramirez
- View website
- (714) 292-7224
- (714) 292-7224
- (800) 243-0149
- 01974515
- 1213238
- PWDAMRA
Broker
A level-headed and composed professional.Â
Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
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