
Long Beach, California 90804
This High-Potential Investment Opportunity is a fully redeveloped multifamily asset listed at $1,795,000, which aligns closely with the $1,783,223 Fair Market Value. Featuring a Mint Condition Rating following a 2024 down-to-the-studs renovation, the property includes two newly constructed units and high-end finishes. Its spacious 2 and 3-bedroom floorplans cater to strong rental demand in Long Beach, minimizing near-term capital expenditure. This turn-key asset is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stabilized, modernized income-producing property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1315 Termino Avenue Subject | $1,795,000* List Price | 0 | 0 | 3,608 | $494 | - |
A 1117 Mira Mar Avenue Sold | $1,300,000 | 0 | 0 | 2,901 | $448 | 0.2 mi |
B 1344 Ximeno Sold | $1,400,000 | 0 | 0 | 2,812 | $498 | 0.3 mi |
C 813 Coronado Ave Active Under Contract | $2,000,000 List Price | 0 | 0 | 3,613 | $554 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive down-to-the-studs renovation and redevelopment in 2024, including two brand-new construction units. With high-end finishes, contemporary design, and all-new systems, it is a turn-key asset in mint condition.
The property underwent a complete down-to-the-studs renovation and expansion in 2024, providing a turn-key asset that significantly minimizes near-term capital expenditure for investors.
Comprised entirely of spacious 2 and 3-bedroom floorplans, the asset is well-positioned to attract long-term tenants and capture strong rental demand for larger residential spaces.
The units feature contemporary design elements and quality craftsmanship throughout, allowing the property to command premium market rents in a competitive Long Beach rental market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3608, other record living area = 2058.
Despite the 2024 renovation, the original 1907 construction date may present legacy site constraints or infrastructure considerations typical of older coastal-adjacent neighborhoods.
The list price reflects the property's fully improved status, which may result in a lower initial capitalization rate compared to traditional value-add opportunities in the surrounding area.
Pleased to present 1315 Termino Avenue, a substantially renovated and redeveloped four-unit multifamily property located in the highly desirable city of Long Beach. Originally constructed as a duplex, the property underwent a comprehensive transformation in 2024, including the complete renovation of the existing units down to the studs, along with the addition of two newly constructed units, creating a highly improved and modernized residential asset. The property is comprised entirely of spacious 2 and 3-bedroom floorplans featuring high-end finishes, contemporary design elements, and quality craftsmanship throughout. The extensive 2024 improvements provide investors with a rare opportunity to acquire a turn-key asset with the benefits of both renovated and newly constructed components, significantly reducing near-term capital expenditure concerns. With its desirable unit mix, modern finishes, and strong underlying rental demand for larger floorplans, 1315 Termino Avenue is well-positioned to attract long-term tenants seeking upgraded housing accommodations within a centrally located coastal-adjacent neighborhood. The property represents a compelling opportunity to acquire a high-quality multifamily asset in one of Southern California’s most active and evolving rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,608 | 2,100 |
| Lot Size | 6,254 | 5,077.5 |
| Price | $1.79M | $1.14M |
| Price per sq ft | $498 | $519 |
| Built year | 1907 | 1950 |
| HOA | $0 | $0 |
| Days on market | 34 | 68 |
Jun 18, 2026
$1,795,000
Initial Listing
Nov 8, 2021
$780,000
Public Record