1108 Termino
Long Beach, CA 90804
0.20 acres | #OC25231379
Description
Exceptional Investment Opportunity in Long Beach’s Eastside<br />Discover this rare 1980s multifamily gem in the desirable Eastside neighborhood of Long Beach, a low-vacancy area with no Rent Control. The property features 10 spacious two-bedroom, condo-style apartments with bright interiors, large balconies, and vaulted ceilings in the upper units. Several units were remodeled in 2021, adding modern upgrades that enhance appeal for tenants.<br />The gated 15-space parking garage offers convenience and additional income potential by renting out unused spaces. A newer roof with a lifetime guarantee, seller-owned laundry machines, and locked entrances with surveillance cameras ensure both security and stability. With tenants responsible for their own gas and electricity, operating costs remain low.<br />Ideally located near freeways and public transportation, this well-maintained, income-producing property presents a rare chance to secure strong cash flow and long-term growth in one of Long Beach’s most thriving rental markets.
Property Details
- Utility FeaturesElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, WaterAvailable, WaterConnected
- Lot DescriptionSixToTenUnitsAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- ViewCityLights
- Original List Price$3,749,900
- MLS #OC25231379
- MLS #OC25231379
- Property SubtypeMixedUse
- Cost3749900
- Acres0.1965
- Utility SourcePublic
- Year Built1986
- Parking Spaces15
- SubdivisionNA
- Stories3
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Provided By
Listing Agent: Lily Nguyen (#OCNGUYUYE)
Listing Office: Berkshire Hathaway HomeService (#OC07717)
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