x
Address
746 Termino Avenue Long Beach, CA
Price
$ 1,750,000
Property Attributes
  • MLS#PW19030133
  • TypeContingent
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaBelmont Heights - Alamitos Heights
  • NeighborhoodBelmont Heights
  • Zip90804
  • Style
  • Price$ 1,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5219
  • Lot Size5,654 SqFt
Listing Provided Courtesy Of:
Michael Trossen with Equity Brokers.
Property Description

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.

Price History
2/8/2019 Listed $1,900,000
5/10/2019 6% - $1,800,000
8/16/2019 3% - $1,750,000

General Features

Attached Structure Detached
Co-Listing Agent Last Name Kenneth
Co-Listing Agent Last Name Trossen
Co-Listing Agent State License # 00802751
Co-listing Agent Kenneth Trossen - BRE#00802751
Community Features Curbs, Sidewalks
Directions 7th St, north on Termino Ave.
Levels Two
Listagentaor Pacific West
Listing Agent Michael Trossen - BRE#01466702
Listing Agent State License 01466702
MLS Area 2 - Belmont Heights, Alamitos Heights
Number of Units Leased 5
Price Per Square Foot 335.31
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Belmont Heights (BH)
Subdivision Name Belmont Heights (BH)
Total Units 5
Zoning LBR3S

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Appliances Gas Cooktop
Appliances Y/N Yes
Common Walls No Common Walls
Dishwasher Count 2
Flooring Carpet, Tile, Vinyl
Heating Wall Furnace
Heating Y/N Yes
Interior Features Ceiling Fan(s), Copper Plumbing Partial
Laundry Features Community, See Remarks
Laundry Y/N Yes
Range Count 5
Room Type Laundry
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 5219.00
Garage Spaces 7.00
Lot Features 2-5 Units/Acre
Lot Size Acres 0.1298
Lot Size Area 5654.0000
Lot Size Source Assessor
Lot Size Square Feet 5654.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 6
Number of Separate Gas Meters 6
Number of Separate Water Meters 1
Parking Features Garage - Single Door
Parking Y/N Yes
Pool Features None
Sewer Public Sewer
Total Parking 7.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90804

Price
AVG $630K
$1.75M
Visits
AVG 35
53
Year Built
AVG 1955
1965
Walkscore
AVG 83
88
Data Provided by Walkscore ® not using MLS data

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