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1345 Termino Ave 596 SF 100% Leased Flex Building Long Beach, CA 90804 $850,000 ($1,426.17/SF)
Investment Highlights
- Investment Opportunity - Craftsman House with Potential for Additional Units
Executive Summary
Investment Opportunity
Located just north of Anaheim Road, and the popular Zafaria District with bars, restaurants and shops. Just a few blocks south of Medical Offices and former Long Beach Community Hospital.
If you're looking for an up leg for a 1031 Exchange, this may be what you're looking.
Currently, 1923 Craftsman House Zoned LBR2. Recent California Legislation may allow more units. Buyer to investigate number of units that can be added to property.
The house is currently leased to excellent long term tenants with a two-year leas that will transfer to new owner. So you will have income while you draw up plans, permits, etc.
The house has been well maintained with recently replaced Roof, and most of the plumbing and some of the electrical have updated.
Located just north of Anaheim Road, and the popular Zafaria District with bars, restaurants and shops. Just a few blocks south of Medical Offices and former Long Beach Community Hospital.
If you're looking for an up leg for a 1031 Exchange, this may be what you're looking.
Currently, 1923 Craftsman House Zoned LBR2. Recent California Legislation may allow more units. Buyer to investigate number of units that can be added to property.
The house is currently leased to excellent long term tenants with a two-year leas that will transfer to new owner. So you will have income while you draw up plans, permits, etc.
The house has been well maintained with recently replaced Roof, and most of the plumbing and some of the electrical have updated.
Property Facts
| Price | $850,000 | Rentable Building Area | 596 SF |
| Price Per SF | $1,426.17 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1923 |
| Property Type | Flex | Parking Ratio | 5.03/1,000 SF |
| Lot Size | 0.06 AC | ||
| Zoning | LBR2 - LBR2 - Residential Two Units- Recent California Laws may allow additional units. Buyer to verify the number of units they can put on the property. | ||
| Price | $850,000 |
| Price Per SF | $1,426.17 |
| Sale Type | Investment |
| Property Type | Flex |
| Lot Size | 0.06 AC |
| Rentable Building Area | 596 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Parking Ratio | 5.03/1,000 SF |
| Zoning | LBR2 - LBR2 - Residential Two Units- Recent California Laws may allow additional units. Buyer to verify the number of units they can put on the property. |
Utilities
- Lighting - Incandescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7253-010-009 | Improvements Assessment | $30,084 |
| Land Assessment | $120,390 | Total Assessment | $150,474 |
Property Taxes
Parcel Number
7253-010-009
Land Assessment
$120,390
Improvements Assessment
$30,084
Total Assessment
$150,474
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1345 Termino Ave
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