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1108 Termino Ave

Long Beach, CA 90804 View Map $4,695,000 Schedule a Tour
Beds20
Baths14
Sq.Ft.10,158
Year1986
Nancy Barfield

Nancy Barfield

(714) 271-0789
DRE No.: 01085438

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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:22187413
Sq. Feet:10,158
On Site:43 Days
Lot Size:8,559 Sq. Ft.
County:Los Angeles

Listing Agent/Office

Agent:David Kim
Office:Win Realty & Properties
GREAT INVESTMENT PROPERTY!!! This property offers 10 LARGE UNITS. ALL 2 BEDROOM condo-style apartments. These units all offer balconies and the upstairs units all have vaulted ceilings. The property was recently renovated in 2021 along with a new roof that comes with a lifetime guarantee and professionally installed new decking throughout with water drains for optimal drainage. Property has 5 storage sheds that can be rented for extra income and a 4K Ultra (8mp) security camera system throughout the entire property to provide extra safety and security for tenants. There are individual water heaters in each unit and the property is also individually metered for gas and electric which keeps operating expenses low. 15 parking spaces in a gated garage. The building is secured with locked entrances and an intercom system to allow visitors in. Lastly, there is rental upside for an investor to increase rents and cash flow even more. This is a great investment opportunity and that you will not want to miss. All buyer's to do their own due diligence regarding this property.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:1108 Termino Ave Long Beach, CA 90804
Zip Code:90804

Architecture

Bedrooms: 20
Bathrooms: 14
Year Built:1986
Stories:3
Building Area: 10158.0
Number of Buildings: 1
Total Units: 10
Stories Total: 3
Unit 1: 4 Units • 2 Beds • 2 Baths • Unfurnished • $9,395 actual rent • $9,390 total rent • $10,400 pro forma
Unit 2: 6 Units • 2 Beds • 1 Bath • Unfurnished • $14,312 actual rent • $14,312 total rent • $14,400 pro forma
Parking Features: Community Structure
Parking Total: 15.0

Features / Amenities

Appliances: Disposal, Microwave
Cooling: Central Air
Heating: Central

Property Features

Lot Size: 0.2 Acres / 8,559 Sq. Ft.
Zoning:LBR2N
Directions:See the map

Tax and Financial Info

Cap Rate: 4.37
Gross Income: $289,284
Net Operating Income: $205,485
Land Lease: No

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1108 Termino Ave Long Beach, CA 90804
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1108 Termino Ave Long Beach, CA 90804
 
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Listing agent / office David Kim, Win Realty & Properties.
Based on information from California Regional Multiple Listing Service, Inc. as of October 1, 2022. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.