$1,850,000
SOLD APR 7, 2025
3 Beds
2 Baths
4,937 Sq Ft
5,597 Sq Ft Lot

Recently Sold

$375 Per Sq Ft

12% Below List Price

366 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Bike Trail

About This Home

As of April 2025

We are pleased to present 1102 Termino Avenue located on the northeast corner of E 11th Street and Termino Avenue in the Greenbelt Heights Neighborhood of the Eastside of Long Beach, CA. The 2-story 7-unit multi-family residential apartment building was originally built in 1923 and substantially renovated in 2019/2020.
The subject pr operty consists of approximately 5,751 square feet of building area including an approximately 536 sq. ft. four car f ree standing garage structure and a yard area of approximately 1,100 sq. ft. The entire parcel totals approximately 5,597 sq. ft of land area. Tenants enjoy living in the Greenbelt Heights Neighborhood of the Eastside of Long Beach, a short distance to The Long Beach Greenbelt, Recreation Park, including two (2) golf courses, Billie Jean King Tennis Center, Blair Field, Colorado Lagoon, Marine Stadium, local beaches, California State University
of Long Beach.
The subject property is conveniently near the popular retail, entertainment, and dining district of Belmont Shore’s 2nd Street that offers more than 250 unique upscale boutiques, specialty shops, and a myriad of coffee shops, cafes, casual dining taverns, and eclectic international specialty restaurants. Other districts nearby the property include the East Village Arts District, 4th Street Retro Row and the Zafferia commercial
corridor.
Also close to the property is the Downtown Long Beach Business District which provides unique destinations, both historic and new, that attract over six million visitors annually. One of the city’s most revered attractions, The Queen Mary, arrived in Long Beach in 1967 and has since impressed millions of visitors with its art deco interiors and glimpses into a bygone era. The Aquarium of the Pacific, on the other hand, provides an intimate look into the future of marine biology and sustainability. Hotels, restaurants, and other tourist-oriented venues including Shoreline Village, The Pike and Rainbow Harbor Waterf ront surround the juggernaut that is the Long Beach Convention and Entertainment.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap Brokerage Email: kking@marcusmillichap.com License #01158184 Listed on: 04/02/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,597 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 4,937 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 80
  • Tax Tract Number 57700
  • Assessor Parcel Number 7254005014
  • $1,329 per year additional tax assessments

Community Details

Recreation

  • Bike Trail

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $6,000
  • Maintenance Expense $2,400
  • Other Expense $1,200
  • Professional Management Expense $6,068
  • Trash Expense $2,700
  • Water Sewer Expense $2,700
  • New Taxes Expense $26,533
  • Operating Expense $48,501
  • Gross Income $148,553
  • Net Operating Income $100,052

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 285000
  • Professional Management Expense: 6068.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2700.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7254005014
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: main
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 374.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2700.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5597.00
  • Lot Size Acres: 0.1285

Multi Family

  • Gross Income: 148553.00
  • Gross Scheduled Income: 151716.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 5597.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 100052.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 48501.00
  • Other Expense: 1200.00
  • Other Expense Description: Misc.
  • Other Income1: 1500.00
  • Rent Control: No
  • Total Expenses: 48501.00

Tax Info

  • New Taxes Expense: 26533.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 80
  • Tax Tract Number: 57700
  • TaxOtherAnnualAssessmentAmount: 1329.00

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 Sold $1,850,000 -7.3% $375 / Sq Ft
04/03/2025 04/03/25 Pending -- -- --
09/26/2024 09/26/24 Price Changed $1,995,000 -5.0% $404 / Sq Ft
09/19/2024 09/19/24 For Sale $2,100,000 0.0% $425 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
04/02/2024 04/02/24 For Sale $2,100,000 -- $425 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24065141

California Regional Multiple Listing Service (CRMLS)