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924 Termino Avenue , #9

Long Beach, CA 90804
  • $2,595,000
  • STATUS: Active
  • ON SITE: 108 Days
  • MLS #: SB23099432
UPDATED: 57 min ago
$2,595,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Alamitos Heights (Ah)
Type:
Multi-Family
Built:
1950
County:
Los Angeles
Area:
2 - Belmont Heights, Alamitos Heights

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Listing Agent(s): Johnny Chacon of Buckingham Investments, Inc (310 982-7055)


Description

Plans for two ADUs in the works and will be delivered upon closing. This value add proposition could add over 600K in value! In addition, Termino has an assumable loan of 680k in the low 3s. The lender also offers a supplemental loan concurrent with the loan assumption for the buyer; please reach out for more details. Termino has manicured landscaping, and a designer/owner's touch on redone units and offers an attractive unit-mix consisting of 8 units and one permitted storage with a bathroom. The storage space has plumbing, gas and electrical perfect for an ADU conversion. The building has copper plumbing, electrical upgrades, new electrical panel with permits and has passed The Long Beach Lead Abatement program. Owner May Carry with 25-30% down payment.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/140471178
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924 Termino Avenue , #9 Long Beach, CA 90804

  • Price: $2,595,000
  • Status: Active
  • On Site: 108 Days
  • Updated: 57 min ago
  • MLS #: SB23099432
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1950
Built
Neighborhood:
Alamitos Heights (Ah)
County:
Los Angeles
Area:
2 - Belmont Heights, Alamitos Heights
Property Description
Plans for two ADUs in the works and will be delivered upon closing. This value add proposition could add over 600K in value! In addition, Termino has an assumable loan of 680k in the low 3s. The lender also offers a supplemental loan concurrent with the loan assumption for the buyer; please reach out for more details. Termino has manicured landscaping, and a designer/owner's touch on redone units and offers an attractive unit-mix consisting of 8 units and one permitted storage with a bathroom. The storage space has plumbing, gas and electrical perfect for an ADU conversion. The building has copper plumbing, electrical upgrades, new electrical panel with permits and has passed The Long Beach Lead Abatement program. Owner May Carry with 25-30% down payment.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features Safe Emergency Egress From Home Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Curbs Current Financing Assumable Electric Expense 495 Fuel Expense 0 Garage YN Yes Gross Income 168258 Gross Scheduled Income 174840 Insurance Expense 2001 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Trade Net Operating Income 108348 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 59900 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Utilities None Water Sewer Expense 1898 Water Source Public Zoning Lbr3s



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Johnny Chacon of Buckingham Investments, Inc (310 982-7055)