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- LoopNet Team
1108 Termino Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Rental upside potential of over 18%
- Extra large, bright two-bedroom condo-style units
- Fifteen secured garage parking spaces - extra spaces may be rented for additional income
- Highly sought-after 1980's construction
- Meticulously maintained - newer roof with a lifetime guarantee
- Low utility cost averaging $400-$450 per unit annually
PROPERTY FACTS
| No. Units | 10 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 10,158 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Zoning | R2N, Long Beach - R-2-N is a zoning district in Long Beach, California that allows for two-family residential units on standard lots. It's part of Land Use District No. | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 10,158 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R2N, Long Beach - R-2-N is a zoning district in Long Beach, California that allows for two-family residential units on standard lots. It's part of Land Use District No. |
AMENITIES
SITE AMENITIES
- Gated
ABOUT 1108 TERMINO AVE , LONG BEACH, CA 90804
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 18% rental upside potential.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,999 | 960 |
| 2+2 | 4 | $2,080 | 1,100 |
PROPERTY TAXES
| Parcel Number | 7254-005-032 | Improvements Assessment | $1,591,812 |
| Land Assessment | $3,183,624 | Total Assessment | $4,775,436 |
PROPERTY TAXES
