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$4,295,000

Est. payment - /mo

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8,559 Sqft Lot

Active

1108 Termino Long Beach, CA 90804

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25281662

HOA Y/N No

Year Built 1986

Lot Size 8,559 Sqft

Property Sub-Type Mixed Use

Property Description

Exceptional Investment Opportunity in Long Beach's Eastside 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. 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. 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.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 15.0

Garage Description 15.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 15

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 7254005032

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Lily Nguyen Berkshire Hathaway HomeService 949-524-9290

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Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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