Great investment opportunity! Welcome to 1535 Termino Ave, Coronado Building. The subject property consists of a 4 unit apartment building, approx. 3,537 square feet, comprised of (1) large townhouse style 2bd/2bth unit, and (3) 1bd/1bth units, and 4 single car garages. Located within the Community Plaza, this community apartment complex… Read More features gated entry and parking, Pool, and outdoor community bbq. This community is super quiet, private and well maintained, attracting the best of tenants. Built in 1963, this all electric building is separately metered and offers an investor substantial upside in income. The 3 occupied units are all eligible for the maximum rent increase of 8.9%. And the one vacant unit provides an immediate opportunity to renovate and obtain market rent. The HOA dues are $780 per month and pay for the community expenses - landscaping, pool cleaning, common area utilities, mail room, gated entrance. In addition to the 4 single car garages, additional assigned surface parking spots are available (based on availability) for tenants for an additional fee. Located in a great area of Long Beach, just minutes from major freeways and Long Beach State. Don't miss out on this great investment opportunity! Read Less
Property listed by Pabst, Kinney & Associates, Spencer Pabst 562-884-6875
Listing Snapshot
Days Online
15
Last Updated
Property Type
Quadruplex
Lot Size
0.05 Acres
Year Built
1963
MLS Number
PW24202716
Additional Details
Building
Built in 1963, Building area total: 3,537, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Sidewalks, Pool
Garage
4 spaces
Home Owner's Association
Association fee: $780
Income
Gross income: $7,970, Net operating income: $95,640
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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