$1,050,000
$1,175,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
1880 Termino AVE Long Beach, CA 90815
7,405 Sqft Lot
Key Details
Sold Price $1,050,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Circle (Ca)
MLS Listing ID PW18257321
Sold Date 04/05/19
HOA Y/N No
Year Built 1963
Lot Size 7,405 Sqft
Acres 0.17
Property Description
We are pleased to present a 4-unit apartment building located in Long Beach,California. Built in 1963, the subject property consists of 4,389 rentable square feet spread throughout a 7,229 square foot lot. The unit mix consists of two 1-bedroom / 1-bathroom units, one 2-bedroom / 1-bathroom unit and one 3-bedroom / 2-bathroom unit.. Tenants enjoy a sparkling pool and yard area. Located by the traffic circle, tenants have convenient access to freeways as well as many shops and restaurants. The property features onsite parking & income producing laundry room for tenants’ convenience. It is separately metered for gas and electricity.
The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with true rental upside and stable return.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR34
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Sidewalks
Parking Type Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Septic Type Unknown, Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 7219008036
Energy Description 600.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • CRMLS