$1,795,000

Estimated payment $10,639/month

Total Views 1,028
9 Beds
7 Baths
3,608 Sq Ft
$498 Price per Sq Ft

Highlights

  • No HOA
  • Woodrow Wilson High School Rated A
  • Rectangular Lot

About This Home

Pleased to present 1315 Termino Avenue, a substantially renovated and redeveloped four-unit multifamily property located in the highly desirable city of Long Beach. Originally constructed as a duplex, the property underwent a comprehensive transformation in 2024, including the complete renovation of the existing units down to the studs, along with the addition of two newly constructed units, creating a highly improved and modernized residential asset. The property is comprised entirely of spacious 2 and 3-bedroom floorplans featuring high-end finishes, contemporary design elements, and quality craftsmanship throughout. The extensive 2024 improvements provide investors with a rare opportunity to acquire a turn-key asset with the benefits of both renovated and newly constructed components, significantly reducing near-term capital expenditure concerns. With its desirable unit mix, modern finishes, and strong underlying rental demand for larger floorplans, 1315 Termino Avenue is well-positioned to attract long-term tenants seeking upgraded housing accommodations within a centrally located coastal-adjacent neighborhood. The property represents a compelling opportunity to acquire a high-quality multifamily asset in one of Southern California’s most active and evolving rental markets.

Listing Agent

Damien Breaux

Morgan Skenderian Brokerage Email: db@morganskenderian.com License #01460301 Listed on: 06/18/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 6,254 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,608 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 1
  • Assessor Parcel Number 7253010019
  • $826 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $5,427
  • Maintenance Expense $4,059
  • Other Expense $500
  • Trash Expense $735
  • Water Sewer Expense $735
  • New Taxes Expense $23,653
  • Operating Expense $36,909
  • Gross Income $131,241
  • Net Operating Income $94,331

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

6,254 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 5.30
  • Property Attached: Yes
  • Water Sewer Expenses: 735.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 7253010019
  • Year Built: 1907
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 497.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 735.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6254.00
  • Lot Size Acres: 0.1436

Multi Family

  • Gross Multiplier: 13.27
  • Gross Operating Income: 131241.00
  • Gross Scheduled Income: 135300.00
  • Insurance Expense: 5427.00
  • Lot Size Area: 6254.0000 Square Feet
  • Maintenance Expense: 4059.00
  • Net Operating Income: 94331.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 36909.00
  • Other Expense: 500.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Actual Rent: 11275.00
  • Total Expenses: 36909.00

Tax Info

  • New Taxes Expense: 23653.00
  • Tax Lot: 18
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 826.00

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,331 $827,741 $636,724 $191,017
2024 $10,845 $811,512 $624,240 $187,272
2023 $10,658 $795,600 $612,000 $183,600
2022 $9,789 $780,000 $600,000 $180,000
2021 $1,234 $69,703 $24,432 $45,271
2020 $1,229 $68,989 $24,182 $44,807
2019 $1,215 $67,637 $23,708 $43,929
2018 $1,085 $66,312 $23,244 $43,068
2016 $987 $63,740 $22,343 $41,397
2015 $955 $62,784 $22,008 $40,776
2014 $962 $61,555 $21,577 $39,978
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/18/2026 06/18/26 For Sale $1,795,000 0.0% $498 / Sq Ft
02/24/2025 02/24/25 Rented $3,450 0.0% --
02/21/2025 02/21/25 Under Contract -- -- --
02/13/2025 02/13/25 Price Changed $3,450 -1.4% $3 / Sq Ft
01/31/2025 01/31/25 Price Changed $3,500 -2.8% $3 / Sq Ft
01/24/2025 01/24/25 Price Changed $3,600 -1.4% $3 / Sq Ft
12/20/2024 12/20/24 Price Changed $3,650 -1.4% $3 / Sq Ft
12/17/2024 12/17/24 For Rent $3,700 +8.8% --
02/28/2022 02/28/22 Rented $3,400 0.0% --
02/22/2022 02/22/22 Under Contract -- -- --
02/07/2022 02/07/22 For Rent $3,400 0.0% --
11/08/2021 11/08/21 Sold $780,000 +4.0% $379 / Sq Ft View Prior Sale
10/19/2021 10/19/21 Pending -- -- --
09/03/2021 09/03/21 For Sale $750,000 -- $364 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26133542

California Regional Multiple Listing Service (CRMLS)

APN: 7253-010-019

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