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746 Termino Ave, Long Beach, CA 90804
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746 Termino Ave Long Beach, CA 90804

$1,667,500 Sold Price as of 12/19/2019
  • 12 Beds
  • 8 Baths
  • 5,219 Sq.Ft.
Sold
$1,667,500 Sold Price as of 12/19/2019 Refinance Your Mortgage
Map preview of 746 Termino Ave, Long Beach, CA 90804

Property Overview: 746 Termino Ave Long Beach, CA has 12 bedrooms, 8 bathrooms, 5,219 living square feet and 5,654 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity for a pride of ownership building on the edge of popular Belmont Heights that offers residential living within walking distance to the ocean, beach, restaurants and shopping. This 5 unit building offers a desirable mix of: (2) large 3 bedroom units, (one with 1.5 baths and the other 3 bedroom with 1 3/4 baths), and (2) 2 bedroom, 1 bath units and (1) 2 bedroom, 1.5 bath unit. The larger 3 bedroom units and 2 bedroom, 1.5 bath unit are upstairs, all offering good size bedrooms and closets. The building offers large units with a total sq. ft. of approx. 5,200 and the bonus of 7 one car garages (all walled and separate)- 3 garages in front and 4 garages in rear alley. Community laundry room with bonus owner storage. Exterior of building was painted a little over one year ago. Upgraded copper plumbing lines in most of the building. This is an excellent opportunity to acquire a quality portfolio asset in a great location with true rental upside and stable return. Tenants are all month to month. The coastal area of Long Beach currently enjoys high occupancy rate, offering a unique opportunity for investment in one of the more affordable and desirable coastal cities in Southern California.

Listed by Michael Trossen | BRE #01466702 | Equity Brokers
Co-listed by Kenneth Trossen | BRE #00802751 | Equity Brokers
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 233

Home details

Lot Sq. Ft
5,654
HOA Dues
$0/mo
Year built
1965
Garage
7 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19030133
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,060
  • Total Rent: $2,060
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $133,200
  • Net Operating Income: $86,580
  • Gross Operating Income: --
  • Garage Rental Income: $1,320
  • Laundry Income: $400
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $46,620
  • Electric: $500
  • Gas/Fuel: $1,700
  • New Taxes: $22,500
  • Trash: $600
  • Gardener: $360
  • Insurance: $3,000
  • Maintenance: $3,000
  • Professional Management: $7,000
  • Water/Sewer: $1,700
  • Other Expenses: $6,000
  • Other Expense Description: vacancy

Property Details for 746 Termino Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, See Remarks
Room Information
  • Flooring: Carpet, Tile, Vinyl
  • Laundry
Kitchen Information
  • Has Appliances
  • Gas Cooktop
Interior Features
  • Ceiling Fan(s), Copper Plumbing Partial
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Garage - Single Door
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 7254021006
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: 7th St, north on Termino Ave.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 746 Termino Ave

Last sold for $1,667,500 on December 19th, 2019

  • December, 2019

  • Dec 20, 2019

    Date

    Sold

    CRMLS: PW19030133

    $1,667,500

    Price

  • Nov 2, 2019

    Date

    Pending

    CRMLS: PW19030133

    $1,750,000

    Price

  • Oct 12, 2019

    Date

    Active Under Contract

    CRMLS: PW19030133

    $1,750,000

    Price

  • Aug 16, 2019

    Date

    Price Change

    CRMLS: PW19030133

    $1,750,000

    Price

  • Jul 25, 2019

    Date

    Active

    CRMLS: PW19030133

    $1,800,000

    Price

  • Jul 13, 2019

    Date

    Hold

    CRMLS: PW19030133

    $1,800,000

    Price

  • May 10, 2019

    Date

    Price Change

    CRMLS: PW19030133

    $1,800,000

    Price

  • Feb 8, 2019

    Date

    Active

    CRMLS: PW19030133

    $1,900,000

    Price

  • December, 2019

  • Dec 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,667,500

    Price

Show More

Tax History for 746 Termino Ave

Assessed Value (2020): $1,667,500
Year Land Value Improved Value Assessed Value
2020 $1,000,000 $667,500 $1,667,500

Home Value Compared to the Market

This property vs the competition

746 Termino Ave sold on December 19, 2019 for 113.68% 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 $335.31 per/sqft which puts the price per square foot 46.61% lower than the current median sale per square foot for the city of Long Beach.

About 746 Termino Ave

Detailed summary of property

746 Termino Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 12 bedrooms, 8 bathrooms, roughly 5,219 living square feet, and sits on an approximately 5,654 square foot lot. 746 Termino Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,667,500. 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 113.68% higher than the current median priced home. Local homes that are currently for sale include 70 Roswell Ave, 70 Roswell Ave and 108 Bennett Ave. While the average home in Long Beach, CA is selling in 62 days, 746 Termino Ave has a days on market of 233 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 746 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 746 Termino Ave

Public county record property details
Beds
12
Baths
8
Year built
1965
Sq. Ft.
5,219
Lot Size
5,654
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7254-021-006

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
46
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%)

Thinking of Selling?

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Recently Sold Homes Near 746 Termino Ave

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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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