REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Oct

Sun

Oct

Mon

Oct

Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,749,900

Est. payment - /mo

8,559 Sqft Lot

Save

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Na

MLS Listing ID OC25231379

HOA Y/N No

Year Built 1986

Lot Size 8,559 Sqft

Property Sub-Type Mixed Use

Property Description

Exceptional Investment Opportunity in Long Beach's Eastside
Discover this rare 1980s multifamily gem in the desirable Eastside neighborhood of Long Beach, a low-vacancy area with no Rent Control. The property features 10 spacious two-bedroom, condo-style apartments with bright interiors, large balconies, and vaulted ceilings in the upper units. Several units were remodeled in 2021, adding modern upgrades that enhance appeal for tenants.
The gated 15-space parking garage offers convenience and additional income potential by renting out unused spaces. A newer roof with a lifetime guarantee, seller-owned laundry machines, and locked entrances with surveillance cameras ensure both security and stability. With tenants responsible for their own gas and electricity, operating costs remain low.
Ideally located near freeways and public transportation, this well-maintained, income-producing property presents a rare chance to secure strong cash flow and long-term growth in one of Long Beach's most thriving rental markets.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Heating Central

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Oven, Gas Cooktop, Microwave, Refrigerator

Laundry Common Area

Exterior

Parking Features Garage Faces Front, Garage, On Site, One Space, Garage Faces Side

Garage Spaces 15.0

Garage Description 15.0

Fence Wood

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Water Available, Water Connected

View Y/N Yes

View City Lights

Total Parking Spaces 15

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7254005032

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Read Less Info

Listed by Lily Nguyen Berkshire Hathaway HomeService 949-524-9290

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(818) 221-2921

info@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

1108 Termino Long Beach, CA 90804