Long Beach, CA 90804 1108 Termino Avenue

Sold: Nov 19, 2020
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Presented By: Robert Stepp with Keller Williams - Santa Monica;
  • MLS# PW20015131
  • 01/22/2020
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  • BedBeds • 10
  • BathBaths • 10
  • GarageGarage • 15

Home Details

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.
Presented By: Robert Stepp with Keller Williams - Santa Monica;

General for 1108 Termino Avenue

Additional Parcels Y/NNo
Co-Listing AgentMark Witsken - BRE#01884724
Co-Listing AgentMark Witsken - BRE#01884724
Co-Listing Agent State License #01884724
Community FeaturesSidewalks, Urban
Garage Spaces15
Garage Y/NYes
Land Lease Y/NNo
Listing AgentRobert Stepp - BRE#01456379
Listing AgentRobert Stepp - BRE#01456379
Listing Agent State License01456379
MLS Area3 - Eastside, Circle Area
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
StatusClosed
Subdivision NameEastside (ES)
TermsCash, Cash to New Loan, 1031 Exchange
Total Units10
Water Sewer Expense1052
ZoningLBR2N

Interior for 1108 Termino Avenue

Common Walls2+ Common Walls
Laundry FeaturesCommon Area, Laundry Room

Exterior for 1108 Termino Avenue

Lot Features6-10 Units/Acre
Lot Size Acres0.2
Lot Size Area8558
Lot Size SourceAssessor
Lot Size Square Feet8558
Lot Size UnitsSquare Feet
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Parking FeaturesCovered, Garage
Total Parking15
Water SourcePublic
1527188455

First Team Client Services

Price $3,500,000
MLS#PW20015131
List Date 01/22/2020
Property Type Income
Phone 714.964.3311
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