$1,125,000
$1,300,000
13.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
2,200 Sqft Lot
SOLD DATE : 12/04/2024
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24145967
Sold Date 12/04/24
Bedrooms 3
HOA Fees $750/mo
HOA Y/N Yes
Lot Size 2,200 Sqft
Property Description
We are excited to introduce a fantastic opportunity located at 1535 Termino Ave Ave in Long Beach. This property features a 4 unit apartment building with (3) 1-Bedroom, 1-Bathroom units and (1) 2-Bedroom, 1-Bathroom Unit each around 884 sqft. Built in 1963, the building offers a total of 3,537 sqft of livable space on a spacious lot. Key features include: -Gated Community with Pool - Tenants responsible for their electricity and gas - Separate metering for each unit - Attached garages . With a potential for rental over 1.5x income upside, this presents an ideal opportunity for a value-add investor.
We are excited to introduce a fantastic opportunity located at 1535 Termino Ave Ave in Long Beach. This property features a 4 unit apartment building with (3) 1-Bedroom, 1-Bathroom units and (1) 2-Bedroom, 1-Bathroom Unit each around 884 sqft. Built in 1963, the building offers a total of 3,537 sqft of livable space on a spacious lot. Key features include: -Gated Community with Pool - Tenants responsible for their electricity and gas - Separate metering for each unit - Attached garages . With a potential for rental over 1.5x income upside, this presents an ideal opportunity for a value-add investor.
Location
State CA
County Los Angeles
Area Long Beach (90804)
Zoning Assessor
Exterior
Parking Features Unit1:Assigned
Pool Community/Common
Building
Lot Description Sidewalks
Story 2
Lot Size Range 1-3999 SF
Others
Monthly Total Fees $820
Acceptable Financing Conventional
Space Rent $1,600
Listing Terms Conventional
Financing Conventional
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Bought with Spencer Pabst • Pabst, Kinney & Associates
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "