1108 Termino, Long Beach, California 90804, Long Beach, 90804 - bed, bath
ACTIVE$4,295,000$10,158/sqft
1108 Termino, Long Beach, California 90804
0Bed
0Bath
10,158Sqft
8,561Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Fremont Elementary School (9/10).
Top Cons:
Age of Property & Partial Remodels: Built in 1986, and only 'several units' were remodeled in 2021, suggesting potential for deferred maintenance or less updated conditions in some units requiring future capital expenditure.
Compared to the nearby listings
Price:$4.29M vs avg $3.11M (+$1,185,000)50%
Size:10,158 sqft vs avg 8,683 sqft50%
Price/sqft:$423 vs avg $34550%
More Insights
Built in 1986 (40 years old).
Condition: Built in 1986, this multi-family property benefits from 'several units' being remodeled in 2021, which is reflected in the images showing updated stainless steel kitchen appliances, clean cabinetry, and well-maintained flooring (hardwood/laminate and tile). While the bathrooms are clean and functional, elements like the tile countertops appear dated. The property is described as well-maintained with a newer roof, making it move-in ready for tenants, aligning with a 'Good' condition score despite not all units having undergone a full, high-end renovation.
Year Built
1986
Close
-
List price
$4.29M
Original List price
$3.89M
Price/Sqft
$423
HOA
-
Days on market
-
Sold On
-
MLS number
OC25281662
Home ConditionGood
Features
View-
About this home
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.
L
Lily Nguyen
Listing Agent
Nearby schools
6/10
Bryant Elementary School
Public,•K-5•0.2mi
5/10
Willard Elementary School
Public,•K-5•0.6mi
9/10
Fremont Elementary School
Public,•K-5•0.6mi
7/10
Lee Elementary School
Public,•K-5•0.9mi
6/10
Burbank Elementary School
Public,•K-5•1.2mi
4/10
Whittier Elementary School
Public,•K-5•1.6mi
7/10
Lincoln Elementary School
Public,•K-5•1.8mi
7/10
Jefferson Leadership Academies School
Public,•6-8•0.4mi
6/10
Franklin Classical Middle School
Public,•6-8•1.9mi
6/10
Wilson High School
Public,•9-12•0.3mi
6/10
Polytechnic High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
03/31/95
Sold
$420,000
12/01/21
Sold
$4,500,000
11/19/20
Sold
$3,300,000
07/15/03
Sold
$1,350,000
12/14/01
Sold
$212,000
Condition Rating
Good
Built in 1986, this multi-family property benefits from 'several units' being remodeled in 2021, which is reflected in the images showing updated stainless steel kitchen appliances, clean cabinetry, and well-maintained flooring (hardwood/laminate and tile). While the bathrooms are clean and functional, elements like the tile countertops appear dated. The property is described as well-maintained with a newer roof, making it move-in ready for tenants, aligning with a 'Good' condition score despite not all units having undergone a full, high-end renovation.
Pros & Cons
Pros
Great Schools: Elementary School: Fremont Elementary School (9/10).
Exceptional Investment Opportunity: Located in Long Beach's desirable Eastside, a low-vacancy area with no Rent Control, offering strong cash flow and long-term growth potential in a thriving rental market.
Modernized & Appealing Units: Features 10 spacious two-bedroom, condo-style apartments with bright interiors, large balconies, and vaulted ceilings in upper units, with several units remodeled in 2021.
Low Operating Costs & Additional Income: Tenants are responsible for their own gas and electricity, and the gated 15-space parking garage and seller-owned laundry machines offer additional income potential.
Enhanced Security & Stability: Equipped with a gated parking garage, locked entrances, surveillance cameras, and a newer roof with a lifetime guarantee, ensuring security and reduced maintenance concerns.
Prime Location & Accessibility: Ideally located near freeways and public transportation, enhancing tenant appeal and ensuring convenient access for residents.
Cons
Age of Property & Partial Remodels: Built in 1986, and only 'several units' were remodeled in 2021, suggesting potential for deferred maintenance or less updated conditions in some units requiring future capital expenditure.
Recent Price Increase: The listing price recently increased from $3.89M to $4.295M, which could impact the cap rate and overall return on investment for potential buyers, making it a higher entry point.
Limited Unit Mix: The property consists solely of 10 two-bedroom units, which might limit the potential tenant demographic or future rental strategy flexibility compared to properties with a varied unit mix.