$1,125,000
$1,300,000
13.5%For more information regarding the value of a property, please contact us for a free consultation.
2,199 Sqft Lot
SOLD DATE : 12/04/2024
Key Details
Sold Price $1,125,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Circle (Ca)
MLS Listing ID OC24145967
Sold Date 12/04/24
Condo Fees $750
HOA Fees $750/mo
HOA Y/N Yes
Year Built 1963
Lot Size 2,199 Sqft
Property Description
We are excited to introduce a fantastic opportunity located at 1535 Termino Ave Ave in Long Beach. This property features a 4 unit apartment building with (3) 1-Bedroom, 1-Bathroom units and (1) 2-Bedroom, 1-Bathroom Unit each around 884 sqft. Built in 1963, the building offers a total of 3,537 sqft of livable space on a spacious lot.
Key features include:
-Gated Community with Pool
- Tenants responsible for their electricity and gas
- Separate metering for each unit
- Attached garages
. With a potential for rental over 1.5x income upside, this presents an ideal opportunity for a value-add investor.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Flooring Carpet, Laminate
Fireplace No
Appliance Electric Oven, Electric Range
Laundry Common Area
Exterior
Parking Features Assigned, Direct Access, Garage
Garage Spaces 4.0
Garage Description 4.0
Pool Community, Association
Community Features Sidewalks, Pool
Amenities Available Clubhouse, Pool, Spa/Hot Tub
View Y/N No
View None
Total Parking Spaces 4
Private Pool No
Building
Lot Description Close to Clubhouse
Story 2
Sewer Public Sewer
Water Public
Architectural Style Traditional
New Construction No
Others
Senior Community No
Tax ID 7253013040
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Spencer Pabst • Pabst, Kinney & Associates
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "