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1108 Termino Ave, Long Beach, CA 90804
0 Beds
0 Baths
n/a sqft

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1108 Termino Avenue is a highly sought-after 1980's property in the popular Eastside submarket of Long Beach. The building features 10 two bedroom, condo-style apartments which are extra large and bright. Upper units have vaulted ceilings and all units offer balconies. The building is secured with locked entrances and security cameras. Additionally, with 15 parking spaces in the gated garage, there is potential to increase income by renting extra spaces. The meticulously maintained property features a newer roof with a lifetime guarantee, as well as laundry machines that are owned by the seller and included. Tenants pay for their own gas and electric, keeping the building's utility expenses low. This investment asset offers an investor an attractive, well-kept property in a desirable, low-vacancy residential neighborhood with over 15% rental upside potential.
  • Price:
  • $3,885,000
  • Acreage:
  • 0.20
  • Year Built:
  • 1986
  • Listing ID #:
  • PW20015131
  • Street Address:
  • 1108 Termino Ave
  • City:
  • Long Beach
  • State:
  • California
  • Postal Code:
  • 90804
  • County:
  • Los Angeles
  • Community:
  • Eastside/ Circle Area
  • Subdivision:
  • Eastside (es)
  • Listing Status:
  • Active
  • Number Of Units:
  • 10
  • Total # Of Buildings:
  • 1
  • Year Built:
  • 1986
  • Year Built Source:
  • Assessor
  • Annual Electric Expenses:
  • 1052.00
  • Annual Insurance Expenses:
  • 4571.00
  • Annual Maintenance Expenses:
  • 3750.00
  • Annual Trash Expenses:
  • 1052.00
  • Annual Water/Sewer Expenses:
  • 1052.00
  • Expenses:
  • 71637.00
  • Gross Income:
  • 229539.00
  • Net Operating Income:
  • 157902.00
  • Operating Expense:
  • 71637.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lbr2n
  • Lot Features:
  • 6-10 Units/Acre
  • Lot Square Footage:
  • 8559.00
  • Community Features:
  • Sidewalks, Urban
  • Price Per Square Foot:
  • 382.42
  • Laundry:
  • 1
  • Laundry Description:
  • Community, Individual Room
  • Garage Parking Spaces:
  • 15.00
  • Parking Description:
  • Covered, Garage
  • Parking Spaces:
  • 15.00
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Robert Stepp of Keller Williams Pacific Estate
  • CRMLS

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