Description

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 the opportunity to acquire a turn-key asset with the benefits of both renovated and newly constructed components, significantly reducing near-term capital expenditure concerns. Offered at a 6.1% CAP Rate on current, in-place rents this is the rare combination of cash flow and pristine condition.

Property details

Year built

1907

Property type

Residential Income

Lot size

6,254 sqft

Location

1315 Termino Avenue • Long Beach, CA 90804

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Listed by

Damien Breaux · Morgan Skenderian

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