Property Details
About this Property
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 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!
MLS Listing Information
MLS #
CRPW24202716
MLS Source
California Regional MLS
Interior Features
Laundry
Community Facility
Exterior Features
Pool
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$780
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1535 Termino Ave is a Residential Income in Long Beach, CA 90804. This – square foot property sits on a 2,215 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,125,000 and was built in 1963. This address can also be written as 1535 Termino Ave, Long Beach, CA 90804.
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This listing information is up-to-date as of November 18, 2024. For the most current information, please contact Spencer Pabst
