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924 Termino Ave, Long Beach, CA 90804

  • $2,195,000

  • bed

  • bath

Multi-family for sale 96 days
Movoto is helping 68 homebuyers near you

About 924 Termino Ave

Property type Multi-family
Year built 1950
HOA fee $0/month
Lot size 7,661 Sqft
Movoto estimate
Parking 6 garage spaces
Rental estimate
Property description
Pleased to present this well-maintained 8-unit multifamily property in Long Beach. Consisiting exclusively of single-story units, the property features a desirable unit mix, with two of the eight units recently renovated to include updated flooring and fresh interior paint. Operational efficiency and long term durability are supported by key system upgrades, including copper plumbing, updated electrical systems, and new electrical panels. The property also benefits from an on-site laundry facility, two single-car garages and two double-car garages. A unique highlight of the property is a permitted storage area currently generating supplemental income from existing tenants. This space includes a bathroom and is equipped with plumbing, gas, and electrical, presenting an excellent opportunity for potential ADU conversion (buyer to verify), further increasing revenue potential. Overall, this property combines recent upgrades, strong in-place income, and multiple avenues for future growth—making it an attractive addition to any multifamily portfolio.
Listed by
Listing Agent - Rick Applebaum
Listing Agent Contact: Rma@morganskenderian.com
Listing Office - Morgan Skenderian
Source: CRMLS mls logo
MLS#PW26102358 • last updated 3 months ago
Movoto checked CRMLS for data 8 minutes ago
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Overview
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.1759
Lot Size (SqFt) 7661
Year Built 1950
Interior
Laundry Community
Exterior
Building Area Square Feet, 3400
# Parking Spaces 6
# Garage Spaces 6
Lot Description Lot 6500-9999
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Golf, Biking, Dog Park, Sidewalks, Park
Subdivision Other, Other (OTHR)
Directions South Of 10th Street And East Of Redondo Avenue.
APN 7254018002
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 6010
Expense: Trash 2864
Operating Expense 51093
Cap Rate 6.52
Expense: Insurance 4250
Total Expenses 51093
Expense: Maintenance 5829
Expense: Water/ Sewer 2490
Gross Income 200318
Gross Operating Income 194308
Expense: Electric 1476
Gross Multiplier 10.96
Gross Scheduled Income 200318
Expense: Fuel 342
Expense: Gardener 3463
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9/10
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Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

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78/100
Walk
68/100
Family
90/100
Dining
97/100
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90804
  • 924 Termino Ave

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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