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.
Sold for $1,125,000 on 12/04/24
Listing Provided by:
Jason Dufault DRE #01844551 714-292-6478,
Keller Williams Coastal Proper
Bought with: Pabst, Kinney & Associates
$1,125,000
1535 Termino Ave, Long Beach, CA 90804
5beds
4baths
3,570sqft
Quadruplex
Built in 1963
-- sqft lot
$1,106,600 Zestimate®
$315/sqft
$3,266 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 02:38pm
Listing Provided by:
Jason Dufault DRE #01844551 714-292-6478,
Keller Williams Coastal Proper
Bought with:
Spencer Pabst, DRE #01849377
Pabst, Kinney & Associates
Source: CRMLS,MLS#: OC24145967
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Appliances
- Included: Electric Oven, Electric Range
- Laundry: Common Area
Features
- Flooring: Carpet, Laminate
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,570
- Total interior livable area: 3,570 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Direct Access, Garage
- Garage spaces: 4
Features
- Entry location: Ground Floor
- Pool features: Community, Association
- Has spa: Yes
- Spa features: Association, Community
- Has view: Yes
- View description: None
Lot
- Size: 2,200 sqft
- Features: Close to Clubhouse
Details
- Parcel number: 7253013040
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks, Pool
Location
- Region: Long Beach
- Subdivision: Circle (Ca)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $750 monthly
- Amenities included: Clubhouse, Pool, Spa/Hot Tub
Other
Other facts
- Listing terms: Conventional
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Estimated market value
$1,106,600