744 Termino Avenue, Long Beach, California 90804, Long Beach, 90804 - bed, bath
ACTIVE$1,470,000
744 Termino Avenue, Long Beach, California 90804
0Bed
0Bath
Sqft
5,675Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Development Opportunity: Fully approved RTI (Ready-To-Issue) permits for a brand-new two-story duplex (each 4-bed) plus a 2-bedroom ADU, offering significant income maximization and long-term returns.
Top Cons:
Limited Current Living Space: The existing structure is a modest 2-bedroom, 1-bathroom, which is small relative to the property's high list price and primary value proposition as a development site.
Compared to the nearby listings
Price:$1.47M vs avg $832.5K (+$637,550)97%
Size: sqft vs avg 1,074.5 sqft3%
Price/sqft:$0 vs avg $8313%
More Insights
Built in 1920 (105 years old).
Condition: Despite being built in 1920, the property is described as 'MOVE-IN READY' and features a 'brand new kitchen' with modern shaker cabinets, quartz countertops, and stainless steel appliances. The images confirm a recently updated kitchen and a clean, modern bathroom with new vanity and fixtures. While the core structure is old, these significant renovations to key living spaces elevate its condition to 'Good'. It's not 'Excellent' as there's no indication of a full, comprehensive renovation of all major systems (e.g., plumbing, electrical, HVAC, roof) for a 100+ year old home, which would typically be required for that top tier.
Year Built
1920
Close
-
List price
$1.47M
Original List price
$1.47M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25556209
Home ConditionGood
Features
View-
About this home
LOCATION, LOCATION, LOCATION! SINGLE FAMILY HOME, An exceptional opportunity awaits at 744 Termino Ave, located in one of Long Beach's most desirable and high-growth neighborhoods. This 2 bedroom, 1 bathroom property features a brand new kitchen with custom shaker cabinets, quartz countertops and stainless steel appliances. A very large yard, and is MOVE-IN READY! Also, has a fully approved RTI (Ready-To-Issue) permits for a brand-new two-story duplex, each unit offering 4 spacious bedrooms, plus a 2-bedroom ADU at the rear, an ideal setup for maximizing rental income and long-term returns. With no rent control, strong rental demand, and no underground parking required, this is a streamlined development opportunity that minimizes costs and accelerates your timeline. Seller financing may be available, adding even more flexibility for savvy investors. Opportunities like this are rare, act now to secure this high-potential property in a rapidly appreciating market.
Nearby schools
9/10
Fremont Elementary School
Public,•K-5•0.3mi
6/10
Bryant Elementary School
Public,•K-5•0.5mi
5/10
Willard Elementary School
Public,•K-5•0.6mi
7/10
Lee Elementary School
Public,•K-5•1.1mi
6/10
Burbank Elementary School
Public,•K-5•1.1mi
4/10
Whittier Elementary School
Public,•K-5•1.8mi
7/10
Lincoln Elementary School
Public,•K-5•1.8mi
7/10
Jefferson Leadership Academies School
Public,•6-8•0.2mi
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•2.4mi
Price History
Date
Event
Price
04/21/22
Sold
$980,000
Condition Rating
Good
Despite being built in 1920, the property is described as 'MOVE-IN READY' and features a 'brand new kitchen' with modern shaker cabinets, quartz countertops, and stainless steel appliances. The images confirm a recently updated kitchen and a clean, modern bathroom with new vanity and fixtures. While the core structure is old, these significant renovations to key living spaces elevate its condition to 'Good'. It's not 'Excellent' as there's no indication of a full, comprehensive renovation of all major systems (e.g., plumbing, electrical, HVAC, roof) for a 100+ year old home, which would typically be required for that top tier.
Pros & Cons
Pros
Exceptional Development Opportunity: Fully approved RTI (Ready-To-Issue) permits for a brand-new two-story duplex (each 4-bed) plus a 2-bedroom ADU, offering significant income maximization and long-term returns.
Prime High-Growth Location: Located in one of Long Beach's most desirable and high-growth neighborhoods, ensuring strong rental demand and potential for rapid appreciation.
Investor-Friendly Environment: Benefits from no rent control, strong rental demand, and no underground parking requirements, streamlining development and enhancing profitability.
Updated & Move-In Ready Current Home: The existing 2-bedroom, 1-bathroom property features a brand new kitchen with custom shaker cabinets, quartz countertops, and stainless steel appliances, making it move-in ready.
Flexible Financing Option: Seller financing may be available, providing crucial financial flexibility for savvy investors.
Cons
Limited Current Living Space: The existing structure is a modest 2-bedroom, 1-bathroom, which is small relative to the property's high list price and primary value proposition as a development site.
Age of Original Structure: Built in 1920, the original home, despite kitchen updates, may have underlying maintenance needs or outdated systems not explicitly addressed in the description.
Price Reflects Future Potential: The $1.47M list price is primarily driven by the approved development plans, potentially making it less attractive to buyers solely seeking a ready-to-use single-family home at this price point.