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Multifamily

379 Termino Ave

379 Termino Ave, Long Beach, CA 90814

Listing Price: $4,880,000

Cap Rate
4.26%
Number of Units
14
Price/Unit
$348,571
Price/Gross SF
$577.11
Gross SF
8,456

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 379 Termino Avenue, a 14-unit multifamily investment property located in Long Beach, a premier rental market in Los Angeles County, California. 379 Termino Avenue is located within the highly sought after coastal neighborhood of Belmont Heights, providing residents with convenient access to Long Beach City Beach, Rosie’s Dog Beach, and Shoreline Bike Path. Additionally, the property is just 0.75 miles from Belmont Shore's famous 2nd Street, one of the top shopping and dining districts in the City of Long Beach. Situated on a 0.22-acre lot, 379 Termino Avenue offers an attractive unit mix of one and two-bedroom floor plans and amenities including on-site laundry, screen doors, private patios (select units), and open parking. Additionally, current ownership has completed interior renovations on all of the units.

Investment Highlights

  • Rare Opportunity to Acquire a Renovated 14-Unit Multifamily Investment Property Consisting of One & Two-Bedroom Units in Belmont Heights
  • Attractive Amenity Package Includes Screen Doors, Private Patios (Select Units), Open Parking, & On-Site Laundry
  • The Property Offers a Desirable Parking Count of 8 Open Spaces
  • Recent Renovations Include Shaker Style Cabinetry, Stainless Steel Appliances, Granite or Quartz Countertops, & Much More
  • Located Within 1 Mile of Retro Row, a Bustling Retail Corridor Teeming with Boutiques & Restaurants
  • Excellent Belmont Heights Location Provides Residents Easy Access to Belmont Shore's 2nd Street, Long Beach City Beach, Rosie's Dog Beach, & Shoreline Bike Path

Exclusively Listed By

Financing By

Listing Price: $4,880,000

Cap Rate
4.26%
Number of Units
14
Price/Unit
$348,571
Price/Gross SF
$577.11
Gross SF
8,456

Investment Highlights

  • Rare Opportunity to Acquire a Renovated 14-Unit Multifamily Investment Property Consisting of One & Two-Bedroom Units in Belmont Heights
  • Attractive Amenity Package Includes Screen Doors, Private Patios (Select Units), Open Parking, & On-Site Laundry
  • The Property Offers a Desirable Parking Count of 8 Open Spaces
  • Recent Renovations Include Shaker Style Cabinetry, Stainless Steel Appliances, Granite or Quartz Countertops, & Much More
  • Located Within 1 Mile of Retro Row, a Bustling Retail Corridor Teeming with Boutiques & Restaurants
  • Excellent Belmont Heights Location Provides Residents Easy Access to Belmont Shore's 2nd Street, Long Beach City Beach, Rosie's Dog Beach, & Shoreline Bike Path

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 379 Termino Avenue, a 14-unit multifamily investment property located in Long Beach, a premier rental market in Los Angeles County, California. 379 Termino Avenue is located within the highly sought after coastal neighborhood of Belmont Heights, providing residents with convenient access to Long Beach City Beach, Rosie’s Dog Beach, and Shoreline Bike Path. Additionally, the property is just 0.75 miles from Belmont Shore's famous 2nd Street, one of the top shopping and dining districts in the City of Long Beach. Situated on a 0.22-acre lot, 379 Termino Avenue offers an attractive unit mix of one and two-bedroom floor plans and amenities including on-site laundry, screen doors, private patios (select units), and open parking. Additionally, current ownership has completed interior renovations on all of the units.

Exclusively Listed By

Financing By

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