746 Termino Avenue, Long Beach, CA 90804

$1,800,000
5,219
SqFt
List Price
$1,800,000
Price Change
▼ $100,000 1557526047
Status
ACTIVE
MLS#
PW19030133
Year Built
1965
Living Sq. Ft
5,219
Lot Size
5,654
Acres
0.1298
Lot Location
2-5 Units/Acre
Days on Market
198
Property Type
Multifamily
Stories
Two Level
Neighborhood
Belmont Heights (Bh)

Property Description

Great investment opportunity for a pride of ownership building on the edge of popular Belmont Heights that offers residential living within walking distance to the ocean, beach, restaurants and shopping. This 5 unit building offers a desirable mix of: (2) large 3 bedroom units, (one with 1.5 baths and the other 3 bedroom with 1 3/4 baths), and (2) 2 bedroom, 1 bath units and (1) 2 bedroom, 1.5 bath unit. The larger 3 bedroom units and 2 bedroom, 1.5 bath unit are upstairs, all offering good size bedrooms and closets. The building offers large units with a total sq. ft. of approx. 5,200 and the bonus of 7 one car garages (all walled and separate)- 3 garages in front and 4 garages in rear alley. Community laundry room with bonus owner storage. Exterior of building was painted a little over one year ago. Upgraded copper plumbing lines in most of the building. This is an excellent opportunity to acquire a quality portfolio asset in a great location with true rental upside and stable return. Tenants are all month to month. The coastal area of Long Beach currently enjoys high occupancy rate, offering a unique opportunity for investment in one of the more affordable and desirable coastal cities in Southern California.

Additional Information

Tract Number
3457
Lot Description
Curbs, Sidewalks
Appliances
Gas Cooktop
Pool Description
None
Heat
Wall Furnace
Garage Spaces Total
7
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
5

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Michael Trossen from Equity Brokers

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.