Long Beach, CA 90804,746 Termino AVE
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Long Beach, CA 90804,746 Termino AVE
Long Beach, CA 90804,746 Termino AVE
Long Beach, CA 90804,746 Termino AVE
Long Beach, CA 90804,746 Termino AVE

$1,667,500

Est. payment /mo

$1,750,000

4.7%
Est.Price: ?

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746 Termino AVE Long Beach, CA 90804

5,662 Sqft Lot

SOLD DATE : 12/19/2019

Key Details

Sold Price $1,667,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID PW19030133

Sold Date 12/19/19

HOA Y/N No

Year Built 1965

Lot Size 5,662 Sqft

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.

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Zoning LBR3S

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Gas Cooktop

Laundry Common Area, See Remarks

Exterior

Garage Door-Single, Garage

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7254021006

Energy Description 1700.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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Mike And Mary Jafarkhani

Mike And Mary Jafarkhani

+1(949) 533-5040

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Michael Trossen • Equity Brokers
Bought with Kristina Moore • The Moore Group

Mike And Mary Jafarkhani

Broker Associate | License ID: 00999447

+1(949) 533-5040

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