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1345 Termino Ave - Termino Ave Multifamily Redevelopment Opportunity 0.06 Acres of Residential Land Offered at $850,000 in Long Beach, CA 90804
Investment Highlights
- Income-generating property with a transferable two-year lease in place.
- Located adjacent to the Zaferia District, with proximity to bars, cafes, and retail.
- Income-generating property with a transferable two-year lease in place.
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. Convenient to beaches, parks, and golf courses.
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 lease 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. Convenient to beaches, parks, and golf courses.
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 lease 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 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | 1031 Exchange | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.06 AC |
| Zoning | LBR2N - 2 Unit Residential | ||
| Price | $850,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.06 AC |
| Zoning | LBR2N - 2 Unit Residential |
1 Lot Available
Lot
| Price | $850,000 | Lot Size | 0.06 AC |
| Price Per AC | $14,166,666.67 |
| Price | $850,000 |
| Price Per AC | $14,166,666.67 |
| Lot Size | 0.06 AC |
Redevelopment opportunity for multifamily residence.
Description
The asset comprises a single-story Craftsman house on a 0.06-acre site in Eastside Long Beach. It is located north of Anaheim Road and within walking distance of neighborhood commercial activity in the Zaferia District. The site is positioned near healthcare facilities and transportation routes, supporting both residential and redevelopment utility. The parcel is zoned LBR2, which permits two units as of right; buyers are advised zoning adjustments or legislative allowances may expand permissible density.
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
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1345 Termino Ave - Termino Ave Multifamily Redevelopment Opportunity
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