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924 Termino Avenue

Long Beach CA 90804

3
2
7661 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Pleased to present this well-maintained 8-unit multifamily property in Long Beach. Consisiting exclusively of single-story units, the property features a desirable unit mix, with two of the eight units recently renovated to include updated flooring and fresh interior paint. Operational efficiency and long term durability are supported by key system upgrades, including copper plumbing, updated electrical systems, and new electrical panels. The property also benefits from an on-site laundry facility, two single-car garages and two double-car garages. A unique highlight of the property is a permitted storage area currently generating supplemental income from existing tenants. This space includes a bathroom and is equipped with plumbing, gas, and electrical, presenting an excellent opportunity for potential ADU conversion (buyer to verify), further increasing revenue potential. Overall, this property combines recent upgrades, strong in-place income, and multiple avenues for future growthmaking it an attractive addition to any multifamily portfolio.

Features

3 bedrooms
2 bathrooms
7661 sq. ft. lot size
Multi-Family

Property history for 924 Termino Avenue

2024
Sold
$2,212,445
04 Mar 2024 by Johnny Chacon, of Buckingham Investments, Inc.

Happy sellers in Long Beach

<50%
Less than 50% of sellers in Long Beach reported that their sale price either exceeded or met their price expectations.

Long Beach stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Long Beach over the last 12 months.

Local market activity for 3 bedroom multi families in Long Beach

In the last 12 months, 4 three-bedroom multi families similar to 924 Termino Avenue, have been sold.

This represents a 20% increase in three-bedroom multi families sales when compared to the previous 12 months.

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