1317 Termino Av Long Beach, CA 90804

$579,900
Long Beach, CA   90804
0 Beds, 0.0 Baths, 0 sq ft, 6,764 sq ft lot, Built in 1923
0 Beds,
0.0 Baths,
0 sq ft,
6,764 sq ft lot
Built in 1923

Description

MLS# OC13184619

The perfect investor formula: Iconic Craftsman architecture, well maintained buildings, stable tenants great cash flow! Oversized lot in fantastic L.B. area nestled among SFR & adjacent to Belmont Shore/Heights. Two 3 unit, bungalow style buildings w/ central court plus freestanding unit #7 (here when current owners purchased). Tenants enjoy walking to shopping & transportation, + minutes to Rec. Park & CSULB (slated to be the next UC-huge upside for rents!!) Tenants love the quiet, serene environment with lush back lawn & ocean breezes (some have been here over a decade!) Virtually no vacancy in the past 15 yrs. (verifiable!). Turnkey & easy to manage & maintain: owners have systems down pat. Upkeep is cost effective & organized. No deferred maintenance. All studio units pretty much identical with living/sleeping area & separate kitchen/dining/office. Per owners: Upgrades include copper plumbing, electrical updates & new permitted vent-less gas heaters in all units; roof approx. 15 yrs. old. Conservative owners have kept rents low. Huge upside income & appreciation potential. Please respect tenants' privacy-do not disturb. (Tenant in 1317A gets $100 discount for doing chores. Units estimated at just under 300 sq. ft. Property sold AS IS.) Listed by Lane Stone, Star Real Estate.

Description

MLS# OC13184619

The perfect investor formula: Iconic Craftsman architecture, well maintained buildings, stable tenants great cash flow! Oversized lot in fantastic L.B. area nestled among SFR & adjacent to Belmont Shore/Heights. Two 3 unit, bungalow style buildings w/ central court plus freestanding unit #7 (here when current owners purchased). Tenants enjoy walking to shopping & transportation, + minutes to Rec. Park & CSULB (slated to be the next UC-huge upside for rents!!) Tenants love the quiet, serene environment with lush back lawn & ocean breezes (some have been here over a decade!) Virtually no vacancy in the past 15 yrs. (verifiable!). Turnkey & easy to manage & maintain: owners have systems down pat. Upkeep is cost effective & organized. No deferred maintenance. All studio units pretty much identical with living/sleeping area & separate kitchen/dining/office. Per owners: Upgrades include copper plumbing, electrical updates & new permitted vent-less gas heaters in all units; roof approx. 15 yrs. old. Conservative owners have kept rents low. Huge upside income & appreciation potential. Please respect tenants' privacy-do not disturb. (Tenant in 1317A gets $100 discount for doing chores. Units estimated at just under 300 sq. ft. Property sold AS IS.) Listed by Lane Stone, Star Real Estate.

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  • Ernie gonzales
    Ernie Gonzales

    NMLS# 1086147

    Direct: (213) 842-5318
    Email: ernie.gonzales@mwfinc.com

Area
AREA: 3 - Eastside, Circle Area
B TRACT: Eastside (ES)
COUNTY: LA
Building Info
COMMON WALLS: No Common Walls
PARKING: Unassigned
COOLING: None
HEATING: Natural Gas, Wall Heater
VIEW: None
POOL: None
LAUNDRY: None
Interior Features
APPLIANCES: Free Standing Range, Gas Range, Refrigerator
FLOOR: Carpet
ENTRY/LEVEL: Ground Level With Steps
FIREPLACE: None
Exterior Features
LOT: Lot 6500-9999
ROOFING: Composition
STYLE: CRF
Garage & Parking
PARKING SPACES: 0.00
GARAGE SPACES: 0.00
Community
HOA DUES 1: 0.00
COMMUNITY: Curbs, Sidewalks, Street Lighting
UNITS TOTAL: 7
Land
WATER: Public
LOT NUMBER: 17
TRACT NUMBER: 5750
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