1108 Termino, Long Beach, CA, 90804

We are pleased to present the Termino Apartments which is a highly sought-after 1986 property in the popular Eastside submarket of Long Beach--only minutes from the beach/water, Ocean Blvd., Belmont Shore and Naples Island! This turnkey asset features 10 LARGE (averaging over 1,000 square feet each) ALL TWO BEDROOM condo-style apartments. These oversized airy units all offer balconies and the upstairs units all have vaulted ceilings. The property was recently renovated in 2021 along with a newer roof that comes with a lifetime guarantee and professionally installed new decking throughout with water drains for optimal drainage. Property has five, 8’x4’ storage sheds that can be rented for extra income and a 4K Ultra (8mp) security camera system throughout the entire property to provide extra safety and security for tenants. There are individual water heaters in each unit and the property is also individually metered for gas and electric which keeps operating expenses low. Additional income is also generated with laundry machines that are owned and there is potential to increase income by renting out the additional 15 parking spaces in the gated garage. The building is secured with locked entrances and an intercom system to allow visitors in. Lastly, there is rental upside for an investor to increase rents and cash flow even more. This is a great investment opportunity for the passive investor who wants a turnkey, pride of ownership property with great cash flow! All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.