1315 Termino Ave - Multi-Family FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,795,000 USD
949-584-0503
1315 Termino Ave, Long Beach, CA for Sale
$1,795,000 USD
Multi-Family - FOR SALE
1/4
null | 5.26% Cap Rate

1315 Termino Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Fully Repositioned 4-Unit Multifamily Property
  • Existing Duplex Taken Down to the Studs & Renovated in 2024
  • (2) Brand-New Construction Units Added in 2024
  • Spacious 2 & 3 Bedroom Floorplans with High-End Finishes
  • Turn-Key Asset with Significant Recent Capital Improvements
  • Strong Rental Demand for Larger Units in Long Beach

OVERVIEW

Morgan Skenderian, Inc. is 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.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

4

PRICE/UNIT

$448,750

CAP RATE

5.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7253-010-019

ASK ABOUT THIS PROPERTY

Damien BreauxMorgan-Skenderian Investment Real Estate GroupMore Info
949-584-0503

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Damien BreauxMorgan-Skenderian Investment Real Estate GroupMore Info
949-584-0503

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