15
See all 15 photos
$2,195,000
Est. payment /mo
3 Beds
2 Baths
7,661 Sqft Lot
New
924 Termino Avenue Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26102358
Bedrooms 3
Lot Size 7,661 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Pleased to present this well-maintained 8-unit multifamily property in Long Beach. Consisiting exclusively of single-story units, the property features a desirable unit mix, with two of the eight units recently renovated to include updated flooring and fresh interior paint. Operational efficiency and long term durability are supported by key system upgrades, including copper plumbing, updated electrical systems, and new electrical panels. The property also benefits from an on-site laundry facility, two single-car garages and two double-car garages. A unique highlight of the property is a permitted storage area currently generating supplemental income from existing tenants. This space includes a bathroom and is equipped with plumbing, gas, and electrical, presenting an excellent opportunity for potential ADU conversion (buyer to verify), further increasing revenue potential. Overall, this property combines recent upgrades, strong in-place income, and multiple avenues for future growthmaking it an attractive addition to any multifamily portfolio.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction South of 10th Street and East of Redondo Avenue.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7254018002
Listed by Rick Applebaum, DRE#01273871 Morgan Skenderian
NEARBY SCHOOL & BUSINESS
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