Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90803 221 Termino Avenue

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Presented By: Bill Larson with First Team Real Estate; 562-301-0390
  • MLS# PW24202569
  • 09/30/2024
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 3
  • SQFT • 2,502
  • Garage • 4
  • Year Built • 1914

Home Details

This amazing property is located in the heart of one of the best neighborhoods in Long Beach, Belmont Heights. This upgraded triplex features a single family home and 2 units over 4 garages on a full-size lot only a few blocks from the beach and walking distance to Belmont Shore. The front house is a restored California Bungalow with all the historic curb appeal & charm that defines this historic part of town. The front house features refinished hardwood floors, upgraded electrical, upgraded plumbing, new tank-less water heater, central heat, LED lighting, ceiling fans, new 50- year presidential roof, new carpet, built-in's, coffered ceilings, wains-coating, double hung windows, period door, large enclosed front porch, large kitchen with service porch, inside laundry, & basement. The front house also has a very large stand up attic that could be converted to additional living space. The back units are above 4 extra large garages. Each unit is a 1 bed 1 bath. Each of the back units have a large outside deck, a storage/laundry room & are in excellent condition. The back-building features low maintenance stucco, newer windows & upgraded electrical . The property has lots of off street parking and features 4 garages and parking for 2 cars behind the garages off the alley. These garages could also easily be converted to 2 ADU units to bring in additional income. The front unit can either be owner occupied or rented. The units are situated well on a large lot with lots of usable open space and yard area. Mature landscaping that is well maintained and there is a sprinkler system on the property. Don't miss this opportunity to purchase a historic home in Belmont Heights.
Presented By: Bill Larson with First Team Real Estate; 562-301-0390

Interior Features for 221 Termino Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile, Vinyl, Wood
Heating Y/NYes
Laundry FeaturesLaundryRoom
Total Stories2

Other Rooms

Entry Level1

General for 221 Termino Avenue

Additional Parcels Y/NNo
AppliancesDisposal
Architectural StyleCraftsman
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.34
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Curbs, DogPark, Golf, Park, StreetLights
ContingencyAs is no contingencies
CoolingNone
CountyLos Angeles
DirectionsBroadway to Termino
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationfront
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income625.0
HOANo
HOA Fee$0.0
HeatingForcedAir
Home Warranty Y/NNo
Insurance Expense3000.0
Interior FeaturesAllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToExistingLoan, Exchange1031
Lot Size Square Feet6501.0
Lot Size UnitsSquareFeet
MLS Area2 - Belmont Heights, Alamitos Heights
MobileHomeRemainsYNNo
Net Operating Income78132.5
New ConstructionNo
Number Of Units Total3
Open Parking Spaces2.0
Operating Expense28967.5
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Subdivision NameBelmont Heights (BH)
Tax Lot18
Taxes$22,487
Tenant PaysCableTv, Electricity, Gas, TrashCollection
Trash Expense0.0
UtilitiesSewerConnected
Water Sewer Expense1800.0
Waterfront Y/NNo
Year Built1914
Year Built SourceAssessor
ZoningLBR1N

Exterior for 221 Termino Avenue

Building Area Total2502.0
Crops Included Y/NNo
FencingMasonry, Wood
Foundation DetailsRaised, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, SprinklersInRear, SprinklersInFront, Level, RectangularLot
Lot Size Acres0.1492
Lot Size Area6501.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, GarageFacesRear
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,799,000
MLS#PW24202569
List Date 09/30/2024
Property Type Multi-Family
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Request Info
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