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Listed by Lily Nguyen • Berkshire Hathaway HomeService
$ 4,295,000
Est. payment /mo
Active
1108 Termino Long Beach, CA 90804
8,561 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25281662
Year Built 1986
Lot Size 8,561 Sqft
Source California Regional MLS
Property Description
Exceptional Investment Opportunity in Long Beach's Eastside 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
Laundry Laundry Area, Community Facility
Exterior
Garage Spaces 15.0
Pool None
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 7254005032
Special Listing Condition Not Applicable

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