We are excited to introduce a fantastic opportunity located at 1535 Termino Ave Ave in Long Beach. This property features a 4 unit apartment building with (3) 1-Bedroom, 1-Bathroom units and (1) 2-Bedroom, 1-Bathroom Unit each around 884 sqft. Built in 1963, the building offers a total of 3,537… Read More sqft of livable space on a spacious lot. Key features include: -Gated Community with Pool - Tenants responsible for their electricity and gas - Separate metering for each unit - Attached garages . With a potential for rental over 1.5x income upside, this presents an ideal opportunity for a value-add investor. Read Less
Property listed by Keller Williams Coastal Proper, Jason Dufault 714-292-6478
Listing Snapshot
Days Online
93
Last Updated
Property Type
Quadruplex
Lot Size
0.05 Acres
Year Built
1963
MLS Number
OC24145967
Additional Details
Appliances & Equipment
ElectricOven, ElectricRange
Building
Built in 1963, Building area total: 3,570, 1 building, Architectural style: Traditional, Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks, Pool
Expenses
Electric expense: $1,600, Insurance expense: $2,000, Operating expense: $28,100
Floors
Carpet, Laminate
Garage
4 spaces
Home Owner's Association
Association fee: $750, Association amenities: Clubhouse, Pool, SpaHotTub
Income
Gross income: $9,000, Net operating income: $53,380
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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