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1062 Termino Ave
Long Beach, CA 90804 Eastside Long Beach

$1,200,000 USD

Apartments For Sale  •  2,694 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,694 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1957
  • Cap Rate 3.76 %
  • Zoning R4K, Long Beach
50 Transit Score
70 Walk Score

Highlights

4-unit multifamily property in East Long Beach featuring a 3-unit building and a detached 2-bed/1-bath cottage
Desirable unit mix of 2 one-bed/one-bath units, 1 two-bed/two-bath unit, and 1 two-bed/one-bath cottage
Below-market rents provide clear value-add potential through interior and exterior renovations
On-site amenities include a private yard, security doors, laundry, and surface and garage parking
Located near Woodrow Wilson High School, Recreation Park, and the Los Alamitos Traffic Circle
Strong East Long Beach location with convenient access to retail, dining, and major commuter routes

Financial Summary (Actual)

Net Operating Income: $45,164 USD (2026)
Cap Rate: 3.76 %
Total Expenses: $32,357 USD

Amenities

  • Laundry Facilities

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 8 min - 4.8 mi
John Wayne/Orange County 25 min - 18.9 mi
Los Angeles International 32 min - 23.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap