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909 Termino Ave Long Beach, CA 90804

$1,361,000 Sold Price as of 07/10/2019

8 Beds
8 Baths
3,332 Sq.Ft.

Sold

$1,361,000 Sold Price as of 07/10/2019 Refinance Your Mortgage

Map preview of 909 Termino Ave, Long Beach, CA 90804

Property Overview: 909 Termino Ave Long Beach, CA has 8 bedrooms, 8 bathrooms, 3,332 living square feet and 6,506 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The elegant and spacious 4 Units at 909 Termino Avenue have been professionally managed over the years, offering an investor a near turn-key investment. There is a front house built in 1913, offering two-bedroom, two-bathrooms and 3 units in the back, built in 1987, offering the same unit mix. This is perfect for an investor strategically living in the front two-bedroom house and receiving fantastic rental income from the remaining 3 units. The upside can be seen with the incredible marketable location and the property offering any investor a great sum of wealth accumulation through asset appreciation. This upside, along with the area's continuous growth in rent and developments, makes this a fantastic opportunity in the ever-growing Long Beach Market. Sitting just north of Belmont Heights and just east of Rose Park - this is prime Long Beach location.

Listed by David Harrington | BRE #01320460 | Matthews Real Estate Investmen

Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft: 6,506
HOA Dues: $0/mo
Year built: 1987
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19461814
City: Long Beach
County: Los Angeles
Time on Site: 1399 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $1,906
Total Rent: $1,906
Pro Forma/Market Rent: $2,200

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $1,675
Total Rent: $1,675
Pro Forma/Market Rent: $2,200

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $1,625
Total Rent: $1,625
Pro Forma/Market Rent: $2,200

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 2
Actual Rent: $1,850
Total Rent: $1,850
Pro Forma/Market Rent: $2,200

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.86%
Gross Rent Multiplier: 16.83
Gross Scheduled Income: --
Net Operating Income: $55,055
Gross Operating Income: $82,135
Improvements Total: $201,595

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 909 Termino Ave

Interior Features

Cooling Information

Has Cooling
See Remarks

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage

Property Information

Total # of Units: 4
Parcel Number: 7254017015

Location / Neighborhood

Location Information

Directions: Off of E 10th St. and Termino Ave.

View more facts & features

Local Long Beach Agent

Sale History for 909 Termino Ave

Last sold for $1,380,000 on July 10th, 2019

July, 2019
Jul 11, 2019

Date

Sold

CRMLS: 19461814

$1,361,000

Price
May 31, 2019

Date

Pending

CRMLS: 19461814

$1,425,000

Price
May 31, 2019

Date

Active Under Contract

CRMLS: 19461814

$1,425,000

Price
May 2, 2019

Date

Active

CRMLS: 19461814

$1,425,000

Price
July, 2019
Jul 10, 2019

Date

Sold (Public Records)

Public Records

$1,380,000

Price
January, 2019
Jan 3, 2019

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 909 Termino Ave

Assessed Value (2020): $1,380,000

Year	Land Value	Improved Value	Assessed Value
2020	$800,000	$580,000	$1,380,000

Home Value Compared to the Market

This property vs the competition

909 Termino Ave sold on July 10, 2019 for 78.12% 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 $427.67 per/sqft which puts the price per square foot 32.33% lower than the current median sale per square foot for the city of Long Beach.

About 909 Termino Ave

Detailed summary of property

909 Termino Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 3,332 living square feet, and sits on an approximately 6,506 square foot lot. 909 Termino Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,361,000. 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 78.12% higher than the current median priced home. Local homes that are currently for sale include 436 Gaviota Ave, 1731 E 3rd St and 1120-1124 E Hellman St. While the average home in Long Beach, CA is selling in 51 days, 909 Termino Ave has a days on market of 27 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 909 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 909 Termino Ave

Public county record property details

Beds: 8
Baths: 5
Year built: 1913
Sq. Ft.: 3,332
Lot Size: 6,505
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2
APN: 7254-017-015

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

Median Sale to List Price %

104.77%

Avg Days on Market

Loan Type

Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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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.