Discover a hidden gem in Long Beach's Eastside submarket with this exceptional 1980s building. Situated in a highly sought-after, low-vacancy area, the property presents over 18% rental upside potential. Recent improvements include remodeled units in 2021 and an upgraded 15-space parking garage. The building comprises 10 spacious two-bedroom, condo-style apartments, each featuring bright and airy interiors. Upper units offer vaulted ceilings, and all units include large balconies for added comfort. Security is enhanced with locked entrances and surveillance cameras throughout the property. The gated garage, with 15 parking spaces, also provides potential for additional income by renting out unused spaces. Other key features include a newer roof with a lifetime guarantee and seller-owned laundry machines. With tenants responsible for their own gas and electricity, operating costs remain low. Conveniently located near freeways and public transportation, this well-maintained, income-generating property offers significant growth potential. Don't miss out on this outstanding investment opportunity in a thriving Long Beach neighborhood!
Property Details
Property Features
Property Information:
Year Built: 1986
Stories: 0
Living Area: 10,158 SqFt
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Cheong Lee
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 20
Exterior Features
Parking Information:
Parking: Gated
Lot Features
Lot Information:
Lot Size: 0.20 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Other
Directions Information:
Directions: S of Anaheim St / N of E 10th St
Price Information
Listing Price Info
Price Summary:
List Price: $4,500,000
Price Per SqFt: $443/SqFt
Tax Information:
Annual Amount: $41,203
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Long Beach, CA.
This property is $3.6M more than the Median Sold Price and $190/SqFt less than other homes in Long Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24437011
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Cheong Lee
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/22/2024, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 19, 2020
Nov 19, 2020Home Sold
$3,300,000
Mar 31, 1995
Mar 31, 1995Home Sold
$420,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$41,203
$3,300,000
2020
$22,687
$1,755,059
2019
$22,088
$1,720,647
2018
$21,857
$1,686,910
2017
$21,857
$1,653,834
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Bryant Elementary School
4101 E Fountain St
Distance between this listing and this school0.20 miles
Public District Grades KG-5
5
/10
Willard Elementary School
1055 Freeman Ave
Distance between this listing and this school0.58 miles
Public District Grades KG-5
8
/10
Fremont Elementary School
4000 E 4th St
Distance between this listing and this school0.66 miles
Public District Grades KG-5
Nearby Schools
7
/10
Jefferson Leadership Academies
750 Euclid Ave
Distance between this listing and this school0.35 miles
Public District Grades 6-8
7
/10
Rogers Middle School
365 Monrovia Ave
Distance between this listing and this school1.28 miles
Public District Grades 6-8
4
/10
Jessie E. Nelson Academy
1951 Cherry Ave
Distance between this listing and this school1.60 miles
Public District Grades 6-8
Nearby Schools
6
/10
Wilson High School
4400 E 10th St
Distance between this listing and this school0.37 miles
Public District Grades 9-12
4
/10
Richard D. Browning High School
2120 Obispo Ave
Distance between this listing and this school1.16 miles
Public District Grades 9-12
1
/10
Beach High-Intensive Learning Program
3701 E Willow St
Distance between this listing and this school1.70 miles
The neighbors living near this home have an average income of $38,438. Typical income of Long Beach, CA residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1108 Termino Ave
What is the listing price of this property?
The listing price of 1108 Termino Ave property is $4,500,000.
What type of property is this?
The property 1108 Termino Ave is a house located in Long Beach, California, 90804.
Is this property for sale now?
Active Listing: 1108 Termino Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $41,203 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 19, 2020 for $3,300,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1108 Termino Ave has 20 bedrooms and 14 bathrooms.
What is the square footage of this property?
The property 1108 Termino Ave is 10,158 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1108 Termino Ave is 1986.
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This home is located at 1108 Termino Ave in Long Beach, CA and zip code 90804 in the The Harbor neighborhood. This 10,158 square foot home, which was built in 1986, sits on a 0.20 acre lot. Features: 20 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $4,500,000.
Over 94 listings were sold over their listed price in October 2024 in Long Beach, CA. In the same period over 83 listings were sold below the listed price and 35 listings were sold for the listed price. Between September 2024 and October 2024, Long Beach, CA real estate market has seen decrease in the number of listings by 0.1%. In October 2024 median list price was $824,667 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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