1108 Termino Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$4,300,000 USD
714-292-6478
1108 Termino Ave, Long Beach, CA for Sale
$4,300,000 USD
Apartments - FOR SALE
1/22
null | 4.57% Cap Rate

1108 Termino Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • All Units 2 bedroom condo-style
  • 15 Parking Spaces
  • Tenants Responsible for own gas and electricity

OVERVIEW

Long Beach's Eastside submarket with this exceptional 1980s building. Situated in a highly sought-after, low-vacancy area without Rent Control. 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!

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$423 USD /SF

# OF UNITS

10

PRICE/UNIT

$430,000

CAP RATE

4.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R2N, Long Beach

APN/PARCEL ID

7254-005-032

ASK ABOUT THIS PROPERTY

Jason DufaultKW CommercialMore Info
714-292-6478

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Jason DufaultKW CommercialMore Info
714-292-6478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.