1535 Termino Avenue
Long Beach, CA 90804
0.05 acres | #PW24202716
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!
Property Details
- Lot DescriptionGreenbelt, Landscaped, Paved
- Stories2
Measurements
- Acres0.0508
Parking
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1963
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionEastside (ES)
Location
- CountyLos Angeles
Financial Details
- Original List Price$1,125,000
HOA
- Hoa Fees780
Other
- MLS #PW24202716
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Spencer Pabst (#PSPENCER)
Listing Office: Pabst, Kinney & Associates (#PW1004)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
