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1317 Termino Ave, Long Beach, CA 90804
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1317 Termino Ave Long Beach, CA 90804

$1,335,000 Sold Price as of 11/17/2020
  • 0 Beds
  • 6 Baths
  • 1,653 Sq.Ft.
Sold
$1,335,000 Sold Price as of 11/17/2020 Refinance Your Mortgage
Map preview of 1317 Termino Ave, Long Beach, CA 90804

Property Overview: 1317 Termino Ave Long Beach, CA has -- bedrooms, 6 bathrooms, 1,653 living square feet and 6,764 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Ana Maria Nava | BRE #01421262 | West Shores Realty, Inc.
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
6,764
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB20126878
City
Long Beach
County
Los Angeles
Time on Site
1478 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 7
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,265
  • Total Rent: $1,195
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,398
  • Total Rent: $1,398
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,195
  • Total Rent: $1,195
  • Pro Forma/Market Rent: $1,450
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $111,636
  • Net Operating Income: $93,426
  • Gross Operating Income: --
  • Vacancy Allowance: $3,349
  • Laundry Income: $2,400
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $14,861
  • Electric: $1,497
  • Trash: $0
  • Maintenance: $840
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $3,718

Property Details for 1317 Termino Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Community
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Excellent Condition, Wood
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 7253010018
  • Year Built Source: Public Records
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Anaheim Street and Termino Avenue
View more facts & features

Local Long Beach Agent

Sale History for 1317 Termino Ave

Last sold for $1,335,000 on November 17th, 2020

  • November, 2020

  • Nov 18, 2020

    Date

    Sold

    CRMLS: SB20126878

    $1,335,000

    Price

  • Sep 9, 2020

    Date

    Active Under Contract

    CRMLS: SB20126878

    $1,395,000

    Price

  • Sep 1, 2020

    Date

    Active

    CRMLS: SB20126878

    $1,395,000

    Price

  • Aug 31, 2020

    Date

    Hold

    CRMLS: SB20126878

    $1,395,000

    Price

  • Jun 30, 2020

    Date

    Active

    CRMLS: SB20126878

    $1,395,000

    Price

  • November, 2020

  • Nov 18, 2020

    Date

    Sold

    CRMLS: SB20034233

    $1,335,000

    Price

  • Sep 9, 2020

    Date

    Active Under Contract

    CRMLS: SB20034233

    $1,395,000

    Price

  • Sep 3, 2020

    Date

    Active

    CRMLS: SB20034233

    $1,395,000

    Price

  • Sep 2, 2020

    Date

    Hold

    CRMLS: SB20034233

    $1,395,000

    Price

  • Sep 1, 2020

    Date

    Active

    CRMLS: SB20034233

    $1,395,000

    Price

  • Aug 31, 2020

    Date

    Hold

    CRMLS: SB20034233

    $1,395,000

    Price

  • May 1, 2020

    Date

    Active

    CRMLS: SB20034233

    $1,395,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2020

  • Nov 17, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,335,000

    Price

  • June, 2020

  • Jun 1, 2020

    Date

    Expired

    CRMLS: SB19256318

    $1,395,000

    Price

  • Dec 6, 2019

    Date

    Withdrawn

    CRMLS: SB19256318

    $1,395,000

    Price

  • Nov 15, 2019

    Date

    Price Change

    CRMLS: SB19256318

    $1,395,000

    Price

  • Nov 14, 2019

    Date

    Active

    CRMLS: SB19256318

    $1,425,000

    Price

  • Listing provided courtesy of CRMLS

    Used to be a HOTEL, AirBNB potential - Iconic Craftsman architecture, well maintained buildings, stable tenants, great cash flow, oversized lot in fantastic L.B. area nestled among SFR and adjacent to Belmont Shore/Heights. Two 3 unit, bungalow style buildings with central court plus freestanding 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, new double plane windows, tile floor, new kitchen cabinets and much more. Conservative owner has kept rents low. Huge upside income and appreciation potential. Please respect tenants' privacy-do not disturb. Units estimated at just under 300 sq ft.

  • June, 2018

  • Jun 13, 2018

    Date

    Expired

    CRMLS: RS17256888

    $1,175,000

    Price

  • Dec 20, 2017

    Date

    Withdrawn

    CRMLS: RS17256888

    $1,175,000

    Price

  • Dec 13, 2017

    Date

    Active

    CRMLS: RS17256888

    $1,175,000

    Price

  • Listing provided courtesy of CRMLS

    The perfect investor formula: Iconic Craftman architecture, well maintained buildings, stable tenants, great cash flow! Oversize lot in fantastic Long Beach area nestled among SFR and adjacent to Belmont Shore/Heights. Two 3 unit, bungalow style buildings with central court plus freestanding unit #7 (here when current owners purchased). Close to shopping and transportation, + minutes to Rec. Park & CSULB (slated to be the next UC -huge upside for rents!!) Quiet, serene environment with lush back lawn and ocean breezes. Turnkey and easy to manage and maintain. Upkeep is cost effective and organized. No deferred maintenance. All studio units pretty much identical with living area and separate kitchen/dining/office. Upgrades include copper plumbing, electrical updates, new toilets, ceiling fans, kitchen cabinets, tile floors, double pane windows, faucets, new permitted vent-less gas heaters in all units, and more; Huge upside income and appreciation potential. Please respect tenants' privacy - do not disturb. Units estimated at just under 300 sq. ft.

  • April, 2017

  • Apr 7, 2017

    Date

    Expired

    CRMLS: RS16721215

    $1,195

    Price

  • Nov 8, 2016

    Date

    Withdrawn

    CRMLS: RS16721215

    $1,195

    Price

  • Nov 3, 2016

    Date

    Price Change

    CRMLS: RS16721215

    $1,195

    Price

  • Nov 2, 2016

    Date

    Active

    CRMLS: RS16721215

    $1,250

    Price

  • Oct 10, 2016

    Date

    Hold

    CRMLS: RS16721215

    $1,250

    Price

  • Oct 8, 2016

    Date

    Active

    CRMLS: RS16721215

    $1,250

    Price

  • Listing provided courtesy of CRMLS

    Do you like gardening, Art and Music? Are you minimalist? If yes, this is the place to be. Large back yard, beautiful oasis in Long Beach. Come and join us to live in this beautiful complex. three units available at $1,195 each. Peaceful environment, safety building, renovated with new kitchens and bathrooms. Perfect for the retired or soon to retire. These are studio apartments with no bedroom. Living area is approximate Excellent location, close to the beach, shopping, transportation, CSULB.

  • November, 2013

  • Nov 8, 2013

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

  • September, 2013

  • Sep 11, 2013

    Date

    Price Change

    CRMLS: OC13184619

    $579,900

    Price

  • Listing provided courtesy of CRMLS

    The perfect investor formula: Iconic Craftsman architecture, well maintained buildings, stable tenants great cash flow! Oversized lot in fantastic L.B. area nestled among SFR & adjacent to Belmont Shore/Heights. Two 3 unit, bungalow style buildings w/ central court plus freestanding unit #7 (here when current owners purchased). Tenants enjoy walking to shopping & transportation, + minutes to Rec. Park & CSULB (slated to be the next UC-huge upside for rents!!) Tenants love the quiet, serene environment with lush back lawn & ocean breezes (some have been here over a decade!) Virtually no vacancy in the past 15 yrs. (verifiable!). Turnkey & easy to manage & maintain: owners have systems down pat. Upkeep is cost effective & organized. No deferred maintenance. All studio units pretty much identical with living/sleeping area & separate kitchen/dining/office. Per owners: Upgrades include copper plumbing, electrical updates & new permitted vent-less gas heaters in all units; roof approx. 15 yrs. old. Conservative owners have kept rents low. Huge upside income & appreciation potential. Please respect tenants' privacy-do not disturb. (Tenant in 1317A gets $100 discount for doing chores. Units estimated at just under 300 sq. ft. Property sold AS IS.)

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Tax History for 1317 Termino Ave

Assessed Value (2020): $616,837
Year Land Value Improved Value Assessed Value
2020 $431,542 $185,295 $616,837

Home Value Compared to the Market

This property vs the competition

1317 Termino Ave sold on November 17, 2020 for 70.33% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $843.92 per/sqft which puts the price per square foot 34.38% higher than the current median sale per square foot for the city of Long Beach.

About 1317 Termino Ave

Detailed summary of property

1317 Termino Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered -- bedrooms, 6 bathrooms, roughly 1,653 living square feet, and sits on an approximately 6,764 square foot lot. 1317 Termino Ave was first listed on ArdentRealEstateGroup.com on September 1, 2020. The homeowner sold the property for $1,335,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 70.33% higher than the current median priced home. Local homes that are currently for sale include 4600 S Central Ave, 5314 S Broadway and 613 E Chapman Ave. While the average home in Long Beach, CA is selling in 62 days, 1317 Termino Ave has a days on market of 69 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1317 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 1317 Termino Ave

Public county record property details
Beds
6
Baths
6
Year built
1923
Sq. Ft.
1,653
Lot Size
6,764
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
15,17
APN
7253-010-018

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
$500,000
Median List Price/Sq.Ft.
$622
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
44
Median Sale to List Price %
97.83%
Avg Days on Market
30
Loan Type
Conventional (62.5%), FHA (12.5%), VA (12.5%), Cash (12.5%), Other (0%)

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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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