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Listed by Rick Applebaum, DRE #01273871 • Morgan Skenderian
$ 2,195,000
Est. payment /mo
Contingent
924 Termino AVE Long Beach, CA 90804
7,661 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRPW26102358
Year Built 1950
Lot Size 7,661 Sqft
Source California Regional MLS
Property Description
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 growth-making it an attractive addition to any multifamily portfolio.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Heating Wall Furnace
Laundry Community Facility
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 7254018002
Special Listing Condition Not Applicable , Accepting Backups
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