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1108 Termino Ave, Long Beach, CA 90804
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1108 Termino Ave Long Beach, CA 90804

$4,650,000
  • 212 Beds
  • 146 Baths
  • 10,158 Sq.Ft.
For Sale
$4,650,000 Get Pre-Qualified
Map preview of 1108 Termino Ave, Long Beach, CA 90804

Property Overview: 1108 Termino Ave Long Beach, CA has 212 bedrooms, 146 bathrooms, 10,158 living square feet and 8,561 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: GREAT INVESTMENT PROPERTY!!! Discover a gem in the Eastside submarket of Long Beach with this exceptional 1980s building. This property boasts 10 LARGE UNITS two-bedroom, condo-style apartments, each offering spacious and luminous interiors. Highlights include vaulted ceilings in upper units and expansive balconies in all apartments, enhancing the appeal and comfort for residents. Security is prioritized with locked entrances and security cameras throughout the property. Additionally, the building features a gated garage with 15 parking spaces, presenting an opportunity to generate additional income by renting out surplus spaces. It features a newer roof with a lifetime guarantee and includes seller-owned laundry machines. The financial burden of utilities is eased as tenants are responsible for their own gas and electric costs, keeping operating expenses low. This investment asset is a standout in a desirable, low-vacancy area of Long Beach, offering more than 18% rental upside potential. Recent upgrades include remodeled units in 2021 and a piloties 15 parking lot enhancement. Conveniently located near freeways and public transportation, this property represents a rare chance to acquire a well-maintained, income-generating building with significant growth potential. Act now to capitalize on this excellent investment opportunity in a thriving residential neighborhood.

Listed by Lily Nguyen | BRE #01949435 | Berkshire Hathaway HomeService
Co-listed by Danny Tran | BRE #02047607 | Berkshire Hathaway HomeService
Last checked: 12 minutes ago | Last updated: May 9th, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
8,561
HOA Dues
$0/mo
Year built
1986
Garage
15 Car
Property Type:
Mixed Use
Status
Active
MLS#
OC24089428
City
Long Beach
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 20
  • # of Baths: 14
  • Garage Spaces: 15
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $290,088
  • Total Rent: $290,088
  • Pro Forma/Market Rent: $301,692
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $13,970
  • Total Rent: $13,970
  • Pro Forma/Market Rent: $14,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $290,088
  • Net Operating Income: $250,963
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $39,125
  • Electric: $1,200
  • Gas/Fuel: $0
  • Trash: $1,800
  • Insurance: $5,522
  • Professional Management: $12,000
  • Water/Sewer: $1,140

Open Houses for 1108 Termino Ave

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Property Details for 1108 Termino Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Common Area, Community
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 15
  • # of Parking Spaces: 15
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 10
  • Parcel Number: 7254005032
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Termino Ave & E 11th St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1108 Termino Ave

Last sold for $3,300,000 on November 19th, 2020

  • May, 2024

  • May 4, 2024

    Date

    Active

    CRMLS: OC24089428

    $4,650,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23265983

    $4,700,000

    Price

  • May 27, 2023

    Date

    Active

    CRMLS: 23265983

    $4,700,000

    Price

  • Listing provided courtesy of CRMLS

    Location !! Potential and clean Condo style 10 Units is located in Long Beach. Well maintained Property !! Great Investment Chance !! Tenants are almost paid on time. Potential to be enough upside rent prices. Remodeling Units in 2021! Piloties 15 Parking lot. Close to freeway and transportation. Tenants paid their electric and water. Gated apartment.

  • July, 2023

  • Jul 22, 2023

    Date

    Expired

    CRMLS: OC22160589

    $4,699,999

    Price

  • Jul 21, 2022

    Date

    Active

    CRMLS: OC22160589

    $4,699,999

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the Termino Apartments in Long Beach.

  • June, 2023

  • Jun 1, 2023

    Date

    Expired

    CRMLS: 22187413

    $4,595,000

    Price

  • Aug 20, 2022

    Date

    Active

    CRMLS: 22187413

    $4,695,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT PROPERTY!!! This property offers 10 LARGE UNITS. ALL 2 BEDROOM condo-style apartments. These units all offer balconies and the upstairs units all have vaulted ceilings. The property was recently renovated in 2021 along with a new roof that comes with a lifetime guarantee and professionally installed new decking throughout with water drains for optimal drainage. Property has 5 storage sheds that can be rented for extra income and a 4K Ultra (8mp) security camera system throughout the entire property to provide extra safety and security for tenants. There are individual water heaters in each unit and the property is also individually metered for gas and electric which keeps operating expenses low. 15 parking spaces in a gated garage. The building is secured with locked entrances and an intercom system to allow visitors in. Lastly, there is rental upside for an investor to increase rents and cash flow even more. This is a great investment opportunity and that you will not want to miss. All buyer's to do their own due diligence regarding this property.

  • April, 2023

  • Apr 21, 2023

    Date

    Expired

    CRMLS: PW23010911

    $2,300

    Price

  • Jan 20, 2023

    Date

    Active

    CRMLS: PW23010911

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    Great location, 2bedroom, and 1 bath, Very clean and comes with 1 parking spot. Plenty of space with a large floor plan. Excellent natural lighting through windows. Condo-style Apartment and gated garage. Upper unit with vaulted ceilings and balconies. The building is secured with locked entrances and security cameras.

  • April, 2023

  • Apr 1, 2023

    Date

    Expired

    CRMLS: 23243733

    $2,200

    Price

  • Feb 21, 2023

    Date

    Active

    CRMLS: 23243733

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Great location, 2bedroom, and 1bath, very clean and comes with 1 parking spot. plenty of space with a large floor plan. Condo style Apartment and gated garage. The building is secured with locked entrance and security camera.

  • April, 2023

  • Apr 1, 2023

    Date

    Expired

    CRMLS: 23243797

    $2,400

    Price

  • Feb 21, 2023

    Date

    Active

    CRMLS: 23243797

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    Great location, 2bedroom, and 2bath, very clean and comes with 1 parking spot. plenty of space with a large floor plan. Condo style Apartment and gated garage. The building is secured with locked entrance and security camera.

  • November, 2020

  • Nov 20, 2020

    Date

    Sold

    CRMLS: PW20015131

    $3,300,000

    Price

  • Nov 16, 2020

    Date

    Pending

    CRMLS: PW20015131

    $3,500,000

    Price

  • Jun 29, 2020

    Date

    Active

    CRMLS: PW20015131

    $3,500,000

    Price

  • Jun 29, 2020

    Date

    Price Change

    CRMLS: PW20015131

    $3,500,000

    Price

  • Jun 23, 2020

    Date

    Withdrawn

    CRMLS: PW20015131

    $3,885,000

    Price

  • Jan 22, 2020

    Date

    Active

    CRMLS: PW20015131

    $3,885,000

    Price

  • Listing provided courtesy of CRMLS

    1108 Termino Avenue is a highly sought-after 1980's property in the popular Eastside submarket of Long Beach. The building features 10 two bedroom, condo-style apartments which are extra large and bright. Upper units have vaulted ceilings and all units offer balconies. The building is secured with locked entrances and security cameras. Additionally, with 15 parking spaces in the gated garage, there is potential to increase income by renting extra spaces. The meticulously maintained property features a newer roof with a lifetime guarantee, as well as laundry machines that are owned by the seller and included. Tenants pay for their own gas and electric, keeping the building's utility expenses low. This investment asset offers an investor an attractive, well-kept property in a desirable, low-vacancy residential neighborhood with over 18% rental upside potential.

  • November, 2020

  • Nov 19, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,300,000

    Price

  • July, 2003

  • Jul 15, 2003

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

Show More

Tax History for 1108 Termino Ave

Assessed Value (2020): $1,755,059
Year Land Value Improved Value Assessed Value
2020 $455,011 $1,300,048 $1,755,059

Home Value Compared to the Market

This property vs the competition

1108 Termino Ave is listed 481.98% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $643 and this home is listed at $457.77 per/sqft which puts the price per square foot 28.81% lower than the median price per square foot for the city of Long Beach.

About 1108 Termino Ave

Detailed summary of property

1108 Termino Ave is a mixed use located in Long Beach, CA 90804 and is currently for sale. This mixed use property offers 212 bedrooms, 146 bathrooms, roughly 10,158 living square feet, and sits on an approximately 8,561 square foot lot. 1108 Termino Ave was first listed on ArdentRealEstateGroup.com on May 3, 2024. The homeowner is currently asking $4,650,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $643. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 481.98% higher than the median priced home. Local competing homes currently for sale include 133 S Melrose St, 1141 N Mission Rd and 1210 Magnolia Ave. While the average home in Long Beach, CA is selling in 51 days, 1108 Termino Ave has a days on market of 12 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 1108 Termino Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1108 Termino Ave

Public county record property details
Beds
20
Baths
14
Year built
1986
Sq. Ft.
10,158
Lot Size
8,558
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
80
APN
7254-005-032

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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Recently Sold Homes Near 1108 Termino Ave

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781 Termino Ave, Long Beach, CA 90804
$2,440,000 Last Sold Price
10 Beds
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781 Termino Ave
Long Beach, CA 90804

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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