1108 Termino Long Beach, CA 90804
10,158 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 10,158 sqft
Price per Sqft $364
MLS Listing ID OC-25231379
Year Built 1986
Lot Size 8,561 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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
Heating Central
Flooring Laminate, Tile
Fireplaces Type None
Laundry Community
Exterior
Parking Features Garage, Garage Faces Front, Garage Faces Side, On Site, Parking Space
Garage Spaces 15.0
Pool None
Community Features Sidewalks, Street Lights
Utilities Available Water Available, Water Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
View Y/N Yes
View City Lights
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944