924 Termino Avenue

Long Beach CA 90804

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.

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