This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1102 Termino Ave

7 Unit Block of Flats £1,564,898 (£223,557/Unit) 5.02% Net Initial Yield Long Beach, CA 90804

Investment Highlights

  • Corner Property
  • Potential ADU conversation of the garage structure and an additional new ADU structure in the backyard
  • Close to California State University Long Beach (CSULB), Hospitals, Long Beach Airport, and Downtown Long Beach and Convention Center
  • Five of the seven units have been substantially upgraded, as well as the common area backyard and patio above garages
  • Close to a variety of Parks, Beaches, Shopping Districts, Public and Private Schools and easy access to Interstate Freeways and Mass Transportation
  • Property has a Bikeable Score of 85 & a Walk Score of 97. Three (3) mile Aver. Household Income: $102,575 and 2024 Estimated Population: 267,470

Executive Summary

Marcus & Millichap REIS is pleased to present 1102 Termino Avenue located on the northeast corner of E 11th Street and Termino Avenue in the Greenbelt Heights Neighborhood of the Eastside of Long Beach, CA. The 2-story 7-unit multi-family residential apartment building was originally built in 1923 and substantially renovated in 2019/2020. The subject pr operty consists of approximately 5,751 square feet of building area including an approximately 536 sq. ft. four car f ree standing garage structure and a yard area of approximately 1,100 sq. ft. The entire parcel totals approximately 5,597 sq. ft of land area. Tenants enjoy living in the Greenbelt H eights Neighborhood of the Eastside of Long Beach, a short distance to The Long Beach Greenbelt, Recreation Park, including two (2) golf courses, Billie Jean King
Tennis Center, Blair Field, Colorado Lagoon, Marine Stadium, local beaches, California State University of Long Beach.The subject property is conveniently near the popular retail, entertainment, and dining district of Belmont Shore’s 2nd Street that offers more than 250 unique upscale boutiques, specialty shops, and a myriad of coffee shops, cafes, casual dining taverns, and eclectic international specialty restaurants. Other districts nearby the property include the East Village Arts District, 4th Street Retro Row and the Zafferia commercial
corridor. Also close to the property is the Downtown Long Beach Business District which provides unique destinations, both historic and new, that attract over six million visitors annually. One of the city’s most revered attractions, The Queen Mary, arrived in Long Beach in 1967 and has since impressed millions of visitors with its art deco interiors and glimpses into a bygone era. The Aquarium of the Pacific, on the other hand, provides an intimate look into the future of marine biology and sustainability. Hotels, restaurants, and other tourist-oriented venues including Shoreline Village, The Pike and Rainbow Harbor Waterf ront surround the juggernaut that is the Long
Beach Convention and Entertainment Center that brings in a staggering 1.6 million visitors per year with its year-round conventions and events. The City of Long Beach offers great coastal weather, access to several recreational activities and a reputation for being a big city with a small-town feel. At the center of Long Beach, a city of almost 470,000, they are the only large Downtown waterf ront located between San Diego and San Francisco, retaining more affordable lease rates for office and retail space, as well as housing, than nearby areas such as Santa Monica, Downtown Los Angeles, and Irvine, CA.

Property Facts

Price £1,564,898
Price Per Unit £223,557
Sale Type Investment
Net Initial Yield 5.02%
Gross Rent Multiplier 13.15
No. Units 7
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.11 AC
Building Size 5,594 SF
Number of Floors 2
Year Built/Renovated 1923/2019
Parking Ratio 0.72/1,000 SF

Unit Amenities

  • Air Conditioning
  • Microwave
  • Kitchen
  • Refrigerator
  • Oven
  • Freezer

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 6 - -
2+1 1 - -
Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7254-005-014
Land Assessment
£765,645
Improvements Assessment
£437,636
Total Assessment
£1,203,280

zoning

Zoning Code LBR2N (Long Beach Residential)
LBR2N (Long Beach Residential)
  • Listing ID: 33313718

  • Date on Market: 26/09/2024

  • Last Updated:

  • Address: 1102 Termino Ave, Long Beach, CA 90804

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}