1062 Termino Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,200,000 USD
714-713-9086
1062 Termino Ave, Long Beach, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/8
null | 3.76% Cap Rate

1062 Termino Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • 4-unit multifamily property in East Long Beach featuring a 3-unit building and a detached 2-bed/1-bath cottage
  • Desirable unit mix of 2 one-bed/one-bath units, 1 two-bed/two-bath unit, and 1 two-bed/one-bath cottage
  • Below-market rents provide clear value-add potential through interior and exterior renovations
  • On-site amenities include a private yard, security doors, laundry, and surface and garage parking
  • Located near Woodrow Wilson High School, Recreation Park, and the Los Alamitos Traffic Circle
  • Strong East Long Beach location with convenient access to retail, dining, and major commuter routes

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a 4-unit multifamily property located at 1062 Termino Avenue in Long Beach, California. The property consists of a three-unit structure comprised of 2 one-bed/one-bath units and 1 twobed/ two-bath unit, as well as a detached two-bed/one-bath cottage. The property also features a private yard, security doors, on-site laundry, and a combination of surface and garage parking. Current rents are below market, presenting a clear value-add opportunity through a comprehensive interior and exterior renovation program. A new owner can capitalize on strong rental demand in the surrounding submarket by modernizing unit interiors and enhancing common areas, driving meaningful increases in rental income and overall asset value. The property is located in a desirable East Long Beach neighborhood, within close proximity to Woodrow Wilson High School and just minutes from Recreation Park, a major recreational amenity offering golf, tennis, sports fields, and open space. The location also benefits from convenient access to the Los Alamitos Traffic Circle, providing a wide range of retail, dining, and everyday conveniences, along with strong connectivity to surrounding areas of Long Beach and Orange County. Overall, 1062 Termino Avenue presents a compelling opportunity to acquire a well-located, lowdensity multifamily asset with significant rental upside. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$445 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

3.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,924 SF

ZONING

R4K, Long Beach

APN/PARCEL ID

7254-008-010

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.