Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1108 Termino Avenue, Long Beach, CA 90804
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    1108 Termino Avenue
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    • MLS#: 24437011 ( )
    • Street Address: 1108 Termino Avenue
    • Viewed: 8
    • Price: $4,300,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1986
    • Bldg sqft: 0
    • Days On Market: 99
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90804
    • Provided by: Keller Williams Beverly Hills
    • Contact: Cheong Cheong
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      DO NOT CONTACT THE OWNER. AGENT STILL HOLDS A VALID CONTRACT. Discover a hidden gem in Long Beach's Eastside submarket with this exceptional 1980s building. Situated in a highly sought after, low vacancy area, the property presents over 18% rental upside potential. 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!
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    Features
    Building Area Total
    1. 10158.00
    Country
    1. US
    Heating
    1. Wall Furnace
    Levels
    1. Multi/Split
    Netoperatingincome
    1. 220038.00
    Parcel Number
    1. 7254005032
    Parking Features
    1. Gated
    Sourcesystemkey
    1. 24-437011:CLAW
    Tenant Pays
    1. Gas
    2. Insurance
    3. Electricity
    4. Cable TV
    Totalexpenses
    1. 73050.00
    Year Built
    1. 1986
    Zoning
    1. LBR2N
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836