1535 Termino AVE Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,537 sqft
Price per Sqft $318
Subdivision Eastside (Es)
MLS Listing ID PW24202716
HOA Fees $780/mo
HOA Y/N No
Year Built 1963
Lot Size 2,212 Sqft
Acres 0.0508
Property Description
Great investment opportunity! Welcome to 1535 Termino Ave, "Coronado Building". The subject property consists of a 4 unit apartment building, approx. 3,537 square feet, comprised of (1) large townhouse style 2bd/2bth unit, and (3) 1bd/1bth units, and 4 single car garages. Located within the "Community Plaza", this community apartment complex features gated entry and parking, Pool, and outdoor community bbq. This community is super quiet, private and well maintained, attracting the best of tenants. Built in 1963, this all electric building is separately metered and offers an investor substantial upside in income. The 3 occupied units are all eligible for the maximum rent increase of 8.9%. And the one vacant unit provides an immediate opportunity to renovate and obtain market rent. The HOA dues are $780 per month and pay for the community expenses - landscaping, pool cleaning, common area utilities, mail room, gated entrance. In addition to the 4 single car garages, additional assigned surface parking spots are available (based on availability) for tenants for an additional fee. Located in a great area of Long Beach, just minutes from major freeways and Long Beach State. Don't miss out on this great investment opportunity!
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool Association,Community
Community Features Sidewalks,Pool
Total Parking Spaces 4
Private Pool No
Building
Lot Description Greenbelt,Landscaped,Paved
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7253013039
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard