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    1108 Termino Avenue

    Long Beach, CA 90804
    • $3,500,000
    • STATUS: Active
    • ON SITE: 272 days
    • ID#: PW20015131
    UPDATED: 67 min ago
    $3,500,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,159
      SQFT
    • $345
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T16:32:51.34. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/102506295
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    1108 Termino Avenue Long Beach, CA 90804

    • Price: $3,500,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: PW20015131
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    10,159
    SQFT
    $345
    $/SQFT
    1986
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    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.
    Exterior Features

    Garage Spaces 15.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features CoveredGarage Parking Total 15.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features CommunityIndividual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksUrban Country Us Electric Expense 1052.00 Elevation Units Feet Fuel Expense 1052.00 Gardener Expense 720.00 Gross Income 235296.00 Gross Scheduled Income 247680.00 Insurance Expense 4571.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 3750.00 Net Operating Income 167880.00 New Construction YN No New Taxes Expense 42005.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 67416.00 Other Expense 1750.00 Other Expense Description Reserves Pest Control Expense 500.00 Professional Management Expense 9412.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Eastside (Es) Total Expenses 67416.00 Trash Expense 1052.00 Water Sewer Expense 1052.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Robert Stepp of Keller Williams - Santa Monica and Mark Witsken of Keller Williams-Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T16:32:51.34. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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