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$4,650,000

Est. payment - /mo

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20 BD

14 BA

10,158 SqFt

Active

1108 Termino AVE #10 Long Beach, CA 90804

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/27/2024 05:26 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,158 sqft

Price per Sqft $457

MLS Listing ID 24437011

Bedrooms 20

HOA Y/N No

Year Built 1986

Lot Size 8,559 Sqft

Property Description

Discover a hidden gem in Long Beach's Eastside submarket with this exceptional 1980s building. Situated in a highly sought-after, low-vacancy area, the property presents over 18% rental upside potential. Recent improvements include remodeled units in 2021 and an upgraded 15-space parking garage. The building comprises 10 spacious two-bedroom, condo-style apartments, each featuring bright and airy interiors. Upper units offer vaulted ceilings, and all units include large balconies for added comfort. Security is enhanced with locked entrances and surveillance cameras throughout the property. The gated garage, with 15 parking spaces, also provides potential for additional income by renting out unused spaces. Other key features include a newer roof with a lifetime guarantee and seller-owned laundry machines. With tenants responsible for their own gas and electricity, operating costs remain low. Conveniently located near freeways and public transportation, this well-maintained, income-generating property offers significant growth potential. Don't miss out on this outstanding investment opportunity in a thriving Long Beach neighborhood!

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Heating Wall Furnace

Fireplace No

Exterior

Garage Gated

Parking Type Gated

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 7254005032

Special Listing Condition Standard

Listed by Cheong Lee • Keller Williams Beverly Hills

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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