1880 Termino Avenue

    Long Beach, CA 90815
    • $1,250,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: PW18257321
    $1,250,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,389
      SQFT
    • $285
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    We are pleased to present a 4- unit apartment building located at 1880 Termino Avenue in Long Beach, California. Built in 1963, the subject property consists of 4,389 rentable square feet spread throughout a 7,229 square foot lot. The unit mix consists of two 1-bedroom / 1-bathroom units, one 3 bedroom / 2-bathroom unit and one studio. Tenants enjoy a sparkling pool and yard area. Located by the traffic circle, tenants have convenient access to freeways as well as many shops and restaurants. The property features onsite parking & income producing laundry room for tenants+GG convenience. It is separately metered for gas and electricity.The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with true rental upside and stable return.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88820742

    1880 Termino Avenue Long Beach, CA 90815

    • Price: $1,250,000
    • Status: Active
    • ID#: PW18257321
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,389
    SQFT
    $285
    $/SQFT
    1963
    Built
    Neighborhood:
    Circle (Ca)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    We are pleased to present a 4- unit apartment building located at 1880 Termino Avenue in Long Beach, California. Built in 1963, the subject property consists of 4,389 rentable square feet spread throughout a 7,229 square foot lot. The unit mix consists of two 1-bedroom / 1-bathroom units, one 3 bedroom / 2-bathroom unit and one studio. Tenants enjoy a sparkling pool and yard area. Located by the traffic circle, tenants have convenient access to freeways as well as many shops and restaurants. The property features onsite parking & income producing laundry room for tenants+GG convenience. It is separately metered for gas and electricity.The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with true rental upside and stable return.
    Exterior Features

    Garage Spaces 4.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 600.00 Elevation Units Feet Fuel Expense 600.00 Gardener Expense 1200.00 Gross Income 21791.00 Gross Scheduled Income 44340.00 Insurance Expense 1756.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2600.00 Net Operating Income 21791.00 New Construction YN No New Taxes Expense 14063.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 23019.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Septic Type UnknownUnknown Special Listing Conditions Standard Subdivision Name Other Circle (Ca) Total Expenses 23019.00 Trash Expense 600.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 600.00 Water Source Public Year Built Source Assessor Zoning Lbr34

    Listing provided courtesy of Kevin King of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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