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1880 Termino Ave, Long Beach, CA 90815
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1880 Termino Ave Long Beach, CA 90815

$1,650,000 Sold Price as of 02/04/2020
  • 9 Beds
  • 5 Baths
  • 4,389 Sq.Ft.
Sold
$1,650,000 Sold Price as of 02/04/2020 Refinance Your Mortgage
Map preview of 1880 Termino Ave, Long Beach, CA 90815

Property Overview: 1880 Termino Ave Long Beach, CA has 9 bedrooms, 5 bathrooms, 4,389 living square feet and 7,186 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: In the last 9 months this 4 unit property has been completely refurbished. It has a new roof, new plumbing and electrical, new flooring throughout the complex. Each unit has it's own garage and brand new electric garage door openers have been installed. The main sewer line has even been replaced and of course the place has been painted inside and out, top to bottom. ALL the kitchens and bathrooms have been redone with ALL new appliances and quartz counter tops. This gem of a property is well located close to the beach but with easy access to local freeways . . . but the best part is that it's now generating $10,000 each month. Please reach out so we can send you a rent roll and discuss this fine investment opportunity . . . this one is truly a one of a kind.

Listed by Robin Reed | BRE #01334860 | Queen City Realty
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft
7,186
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19253049
City
Long Beach
County
Los Angeles
Time on Site
1438 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 0
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,750
  • Total Rent: $3,750
  • Pro Forma/Market Rent: $3,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $3,700
  • Pro Forma/Market Rent: $3,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $120,000
  • Net Operating Income: $77,449
  • Gross Operating Income: $114,000
  • Vacancy Allowance: $6,000
Annual Expense Breakdown
  • Total Operating Expense: $36,551
  • Electric: $432
  • Gas/Fuel: $0
  • New Taxes: $21,563
  • Trash: $300
  • Gardener: $600
  • Insurance: $1,668
  • Professional Management: $9,660
  • Water/Sewer: $528

Property Details for 1880 Termino Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, Electric
Laundry Information
  • Has Laundry
  • Common Area, Community
Kitchen Information
  • Has Appliances
  • Electric Oven, Electric Range, Electric Cooktop, Refrigerator
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Pool
  • Pool Features: Private, Fenced, Filtered, In Ground
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Back Yard, Front Yard, Landscaped, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7219008036
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Circle (CA)
  • Directions: From Pacific Coast Hwy take Termino north
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Storm Drains, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 1880 Termino Ave

Last leased for $1,700 on October 4th, 2021

  • October, 2021

  • Oct 4, 2021

    Date

    Leased

    CRMLS: SB21211702

    $1,700

    Price

  • Sep 24, 2021

    Date

    Active

    CRMLS: SB21211702

    $1,700

    Price

  • Listing provided courtesy of CRMLS

    Large and spacious recently remodeled studio. Super cute upstairs studio with own patios area. Recently upgraded with quartz countertop in the kitchen and new laminate flooring throughout. Super great location close to fabulous shops and restaurants, and recreation park and golf course are just minutes away. This Aircraft manor section of Long Beach is close to CSULB, parks, Schools, shopping, Beach, and freeway.

  • July, 2021

  • Jul 14, 2021

    Date

    Leased

    CRMLS: SB21143626

    $2,650

    Price

  • Jul 1, 2021

    Date

    Active

    CRMLS: SB21143626

    $2,650

    Price

  • Listing provided courtesy of CRMLS

    Fully remodeled 3 bedrooms 1 bath with quartz countertop, new laminate flooring. This is a modern open concept style unit with kitchen counter opens up to the living room. The unit is outfitted with ceiling fans and stainless appliances. Great location Closed to fabulous shops and restaurants, and recreational parks and golf courses are just minutes away. This aircraft manor home is close to CSULB, parks, schools, shopping and all major freeways.

  • September, 2020

  • Sep 16, 2020

    Date

    Leased

    CRMLS: SB20166778

    $1,785

    Price

  • Aug 16, 2020

    Date

    Active

    CRMLS: SB20166778

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    Fully remodeled 1 bedroom 1 bath with quartz countertop, new laminate flooring. This is a modern open concept style unit with kitchen counter opens up to the living room. The unit is outfitted with ceiling fans and stainless appliances. Great location Closed to fabulous shops and restaurants, and recreational parks and golf course are just minutes away.

  • February, 2020

  • Feb 5, 2020

    Date

    Sold

    CRMLS: PW19253049

    $1,650,000

    Price

  • Nov 21, 2019

    Date

    Pending

    CRMLS: PW19253049

    $1,725,000

    Price

  • Oct 29, 2019

    Date

    Active

    CRMLS: PW19253049

    $1,725,000

    Price

  • February, 2020

  • Feb 5, 2020

    Date

    Sold

    CRMLS: PW19252983

    $1,650,000

    Price

  • Nov 21, 2019

    Date

    Pending

    CRMLS: PW19252983

    $1,725,000

    Price

  • Oct 28, 2019

    Date

    Active

    CRMLS: PW19252983

    $1,725,000

    Price

  • Listing provided courtesy of CRMLS

    In the last 9 months this 4 unit property has been completely refurbished. It has a new roof, new plumbing and electrical, new flooring throughout the complex. Each unit has it's own garage and brand new electric garage door openers have been installed. The main sewer line has even been replaced and of course the place has been painted inside and out, top to bottom. ALL the kitchens and bathrooms have been redone with ALL new appliances and quartz counter tops. This gem of a property is well located close to the beach but with easy access to local freeways . . . but the best part is that it's now generating $10,000 each month. Please reach out to discuss this fine investment opportunity . . . this one is truly a one of a kind.

  • February, 2020

  • Feb 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,650,000

    Price

  • April, 2019

  • Apr 8, 2019

    Date

    Sold

    CRMLS: PW18257321

    $1,050,000

    Price

  • Mar 7, 2019

    Date

    Pending

    CRMLS: PW18257321

    $1,175,000

    Price

  • Feb 5, 2019

    Date

    Price Change

    CRMLS: PW18257321

    $1,175,000

    Price

  • Oct 24, 2018

    Date

    Active

    CRMLS: PW18257321

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present a 4-unit apartment building located in Long Beach,California. Built in 1963, the subject property consists of 4,389 rentable square feet spread throughout a 7,229 square foot lot. The unit mix consists of two 1-bedroom / 1-bathroom units, one 2-bedroom / 1-bathroom unit and one 3-bedroom / 2-bathroom unit.. Tenants enjoy a sparkling pool and yard area. Located by the traffic circle, tenants have convenient access to freeways as well as many shops and restaurants. The property features onsite parking & income producing laundry room for tenants’ convenience. It is separately metered for gas and electricity. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with true rental upside and stable return.

  • April, 2019

  • Apr 5, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,050,000

    Price

Show More

Tax History for 1880 Termino Ave

Assessed Value (2020): $1,071,000
Year Land Value Improved Value Assessed Value
2020 $749,700 $321,300 $1,071,000

Home Value Compared to the Market

This property vs the competition

1880 Termino Ave sold on February 4, 2020 for 93.39% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $393.03 per/sqft which puts the price per square foot 40.36% lower than the current median sale per square foot for the city of Long Beach.

About 1880 Termino Ave

Detailed summary of property

1880 Termino Ave is a multi family that recently sold in Long Beach, CA 90815. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 4,389 living square feet, and sits on an approximately 7,186 square foot lot. 1880 Termino Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,650,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 93.39% higher than the current median priced home. Local homes that are currently for sale include 2073 Locust Ave, 219 E 10th St and 4851 Faculty Ave. While the average home in Long Beach, CA is selling in 52 days, 1880 Termino Ave has a days on market of 24 days. There are currently 711 homes for sale in the Long Beach real estate market and 397 of them are single family homes while 292 of them are condos and 22 are townhomes. For more information on this home for sale at 1880 Termino Ave Long Beach, CA 90815 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1880 Termino Ave

Public county record property details
Beds
7
Baths
6
Year built
1963
Sq. Ft.
4,389
Lot Size
7,229
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
20
APN
7219-008-036

The source for these homes facts are from public records.

90815 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,010,000
Median List Price/Sq.Ft.
$665
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$674
Total Inventory
73
Median Sale to List Price %
100.1%
Avg Days on Market
20
Loan Type
Conventional (65.38%), FHA (3.85%), VA (0%), Cash (23.08%), Other (7.69%)

Thinking of Selling?

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(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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