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    1317 Termino Avenue

    Long Beach, CA 90804
    • $1,395,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: SB20126878
    New On Site 6 Days Ago
    UPDATED: 68 min ago
    $1,395,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,653
      SQFT
    • $844
      $/SQFT
    Type:
    Commercial
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Iconic Craftman architecture, well maintained buildings, stable tenants, great cash flow. Oversized lot in fantastic East Long Beach area, nestled among SFR and adjacent to Belmont Shore/Heights. Two 3-Unit bungalow style buildings with central court plus free standing Unit No. 7 (here when current owner purchased). Shopping and transportation at walking distance, plus minutes to Rec. park and CSULB. Residents love the quiet serene environment with lush back lawn and ocean breezes. Turnkey studio units pretty much identical with living / sleeping area and separate kitchen/dining/office. Upgrades include copper plumbing, electrical updates, permitted vent-less gas heaters in all units; new roof, like new low E/double-pane windows, tile floor, new kitchen cabinets in almost all units, and much more. Huge upside income and appreciation potential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-07T20:29:07.373. 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 or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/107366158
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    1317 Termino Avenue Long Beach, CA 90804

    • Price: $1,395,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: SB20126878
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1,653
    SQFT
    $844
    $/SQFT
    1923
    Built
    Neighborhood:
    3 - Eastside, Circle Area
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    Iconic Craftman architecture, well maintained buildings, stable tenants, great cash flow. Oversized lot in fantastic East Long Beach area, nestled among SFR and adjacent to Belmont Shore/Heights. Two 3-Unit bungalow style buildings with central court plus free standing Unit No. 7 (here when current owner purchased). Shopping and transportation at walking distance, plus minutes to Rec. park and CSULB. Residents love the quiet serene environment with lush back lawn and ocean breezes. Turnkey studio units pretty much identical with living / sleeping area and separate kitchen/dining/office. Upgrades include copper plumbing, electrical updates, permitted vent-less gas heaters in all units; new roof, like new low E/double-pane windows, tile floor, new kitchen cabinets in almost all units, and much more. Huge upside income and appreciation potential.
    Exterior Features

    Fence YN Yes Fencing Excellent ConditionWood Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Roof Shingle

    Interior Features

    Condo Area Units Square Feet Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 6.42 Country Us Electric Expense 2002.00 Gross Scheduled Income 108396.00 Insurance Expense 850.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 2400.00 Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 89607.12 Number Of Units Leased 7 Operating Expense 15537.10 Other Expense 3704.00 Professional Management Expense 0.00 Property Sub Type Multi Family Security Features Gated Community Special Listing Conditions Standard Total Expenses 15537.19 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 3251 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Ana Maria Nava of West Shores Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-07T20:29:07.373. 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 or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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