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1508 Termino Ave, Long Beach, CA 90804
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1508 Termino Ave Long Beach, CA 90804

$1,238,000 Sold Price as of 10/15/2021
  • 5 Beds
  • 3 Baths
  • 2,094 Sq.Ft.
Sold
$1,238,000 Sold Price as of 10/15/2021 Refinance Your Mortgage
Map preview of 1508 Termino Ave, Long Beach, CA 90804

Property Overview: 1508 Termino Ave Long Beach, CA has 5 bedrooms, 3 bathrooms, 2,094 living square feet and 4,522 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 1508 Termino Avenue. A centrally located duplex which was renovated 7 years ago and in the popular traffic circle area of Long Beach, right next to the bike path and close to shopping and restaurants, this property is fully remodeled and ready for a new owner. Both units deliver spacious living quarters with one 3 Bedroom/ 2 Bathroom unit and one 2 Bedroom/ 1 Bathroom unit; each unit has their own washer and dryer units. The two story 3 bedroom 2 bathroom unit has a good size yard and 2 big balconies off the upstairs bedrooms plus a private patio downstairs. The single story 2 bedroom 1 bathroom unit has another side yard and front private patio. Contemporary styling with lots of natural light and windows. Glass block windows on the private patios. High ceilings in the 3 bedroom unit and vaulted ceilings upstairs. Good size corner lot and 2 single garages with uncovered parking in the driveway. Freshly painted exterior (replaced wood and doors). Separate meters for gas and electric. This property is perfectly positioned near Cal State Long Beach and a bike ride to the beach and downtown scene. Live in one and rent out the other or rent out both in an appreciating asset that will command market rents.

Listed by Austin Carr | BRE #01986298 | Realty One Group United
Last checked: 11 minutes ago | Last updated: December 22nd, 2023 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
4,522
HOA Dues
$0/mo
Year built
1953
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21188038
City
Long Beach
County
Los Angeles
Time on Site
987 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $24,000
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $32,400
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.3%
  • Gross Rent Multiplier: 21.2
  • Gross Scheduled Income: $57,600
  • Net Operating Income: $40,750
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $16,850
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1508 Termino Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7253020001
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Circle (CA)
  • Directions: On the Corner of Termino
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Long Beach Agent

Sale History for 1508 Termino Ave

Last leased for $2,500 on December 22nd, 2023

  • December, 2023

  • Dec 22, 2023

    Date

    Leased

    CRMLS: OC23220346

    $2,500

    Price

  • Dec 5, 2023

    Date

    Active

    CRMLS: OC23220346

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    A delightful, tastefully renovated single unit of a duplex in the centrally located Eastside/Circle Area of Long Beach. Remodeled about 9 years ago with ongoing improvements since. Appealing single-story with fenced/gated grassy yard. Corner lot. Lots of light. The unit is listed as two bedrooms though one is very small and is likely best suited for an office/study. It does feature its own door in/out. The kitchen is updated to include a gas cooktop/oven, refrigerator, and dishwasher. Newer Washer & Dryer included too! Granite counters, vinyl flooring, lots of light, handy layout, etc The home features a large enclosed entryway for your outside "stuff" (bikes, bbq storage, etc.) and a separate private garage with a driveway for an additional car (regular-sized car). There is a new heat pump system installed for heat and A/C. Small dog/s considered. This property is not ideal for charging electric vehicles. THIS UNIT WILL NOT LAST!

  • August, 2023

  • Aug 29, 2023

    Date

    Leased

    CRMLS: OC23135746

    $2,500

    Price

  • Aug 5, 2023

    Date

    Active

    CRMLS: OC23135746

    $2,500

    Price

  • Listing provided courtesy of CRMLS

    A delightful, tastefully renovated single unit of a duplex in the centrally located Eastside/Circle Area of Long Beach. Remodeled about 9 years ago with ongoing improvements since. Appealing single-story with fenced/gated grassy yard. Corner lot. Lots of light. The unit features two bedrooms though one is very small and is likely best suited for an office/study. It does feature its own door in/out. The kitchen is updated to include a gas cooktop/oven, refrigerator, and dishwasher. Newer Washer & Dryer included too! Granite counters, vinyl flooring, lots of light, handy layout, etc The home features a large enclosed entryway for your outside "stuff" (bikes, bbq storage, etc.) and a separate private garage with a driveway for an additional car (regular-sized car). There is a new heat pump system being installed for heat and A/C, and some minor repairs are being completed prior to the move-in date. Small dog/s considered. THIS UNIT WILL NOT LAST!

  • September, 2021

  • Sep 17, 2021

    Date

    Pending

    CRMLS: PW21188038

    $1,225,000

    Price

  • Aug 25, 2021

    Date

    Active

    CRMLS: PW21188038

    $1,225,000

    Price

  • August, 2021

  • Aug 25, 2021

    Date

    Canceled

    CRMLS: PW21124089

    $1,225,000

    Price

  • Jul 25, 2021

    Date

    Price Change

    CRMLS: PW21124089

    $1,225,000

    Price

  • Jun 9, 2021

    Date

    Active

    CRMLS: PW21124089

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 1508 Termino Avenue. Offers are due by September 1st. A centrally located duplex which was renovated 7 years ago and in the popular traffic circle area of Long Beach, right next to the bike path and close to shopping and restaurants, this property is fully remodeled and ready for a new owner. Both units deliver spacious living quarters with one 3 Bedroom/ 2 Bathroom unit and one 2 Bedroom/ 1 Bathroom unit; each unit has their own washer and dryer units. The two story 3 bedroom 2 bathroom unit has a good size yard and 2 big balconies off the upstairs bedrooms plus a private patio downstairs. The single story 2 bedroom 1 bathroom unit has another side yard and front private patio. Contemporary styling with lots of natural light and windows. Glass block windows on the private patios. High ceilings in the 3 bedroom unit and vaulted ceilings upstairs. Good size corner lot and 2 single garages with uncovered parking in the driveway. Freshly painted exterior (replaced wood and doors). Separate meters for gas and electric. This property is perfectly positioned near Cal State Long Beach and a bike ride to the beach and downtown scene. Live in one and rent out the other or rent out both in an appreciating asset that will command market rents.

  • December, 2016

  • Dec 9, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2013

  • Dec 27, 2013

    Date

    Sold (Public Records)

    Public Records

    $508,500

    Price

Show More

Tax History for 1508 Termino Ave

Assessed Value (2020): $569,746
Year Land Value Improved Value Assessed Value
2020 $392,311 $177,435 $569,746

Home Value Compared to the Market

This property vs the competition

1508 Termino Ave sold on October 15, 2021 for 53.12% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $585 per/sqft which puts the price per square foot 7.44% lower than the current median sale per square foot for the city of Long Beach.

About 1508 Termino Ave

Detailed summary of property

1508 Termino Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,094 living square feet, and sits on an approximately 4,522 square foot lot. 1508 Termino Ave was first listed on ArdentRealEstateGroup.com on August 25, 2021. The homeowner sold the property for $1,238,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 53.12% higher than the current median priced home. Local homes that are currently for sale include 930 E 11th St, 1967 Atlantic Ave and 3409 Walnut Ave. While the average home in Long Beach, CA is selling in 53 days, 1508 Termino Ave has a days on market of 8 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1508 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 1508 Termino Ave

Public county record property details
Beds
4
Baths
4
Year built
1953
Sq. Ft.
2,094
Lot Size
4,522
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7253-020-001

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.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
54
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%)

Thinking of Selling?

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Call, Text or Message
(714) 706-1823

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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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