NOT LISTED FOR SALE

Estimated Value: $869,000 - $1,458,000

3 Beds
2 Baths
3,570 Sq Ft
$325/Sq Ft Est. Value

Last Sold December 04, 2024

Last sale price $1,125,000 $315 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,365/month

101 Days on Market

Highlights

  • Spa
  • Clubhouse
  • Traditional Architecture
  • Woodrow Wilson High School Rated A
  • Property is near clubhouse
  • Community Pool

About This Home

As of December 2024

We are excited to introduce a fantastic opportunity located at 1535 Termino Ave Ave in Long Beach. This property features a 4 unit apartment building with (3) 1-Bedroom, 1-Bathroom units and (1) 2-Bedroom, 1-Bathroom Unit each around 884 sqft. Built in 1963, the building offers a total of 3,537 sqft of livable space on a spacious lot. Key features include:
-Gated Community with Pool - Tenants responsible for their electricity and gas - Separate metering for each unit - Attached garages . With a potential for rental over 1.5x income upside, this presents an ideal opportunity for a value-add investor.

Last Agent to Sell the Property

Jason Dufault

Keller Williams Coastal Proper Brokerage Phone: 714-292-6478 License #01844551 Listed on: 07/16/2024

Keller Williams Coastal Proper

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 2,200 Sq Ft Lot
  • Two or More Common Walls

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Planned Development

Interior Spaces

  • 3,570 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Spa
  • Property is near clubhouse

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity
  • Tax Lot 7
  • Tax Tract Number 27976
  • Assessor Parcel Number 7253013040
  • $844 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Circle Subdivision

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Community Pool
  • Community Spa

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,600
  • Insurance Expense $2,000
  • Operating Expense $28,100
  • Gross Income $9,000
  • Net Operating Income $53,380

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

HOA Fees

$750 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • View: No
  • Zoning: LBR2N
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7253013040
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 315.13
  • Spa Features: Association, Community

Exterior Features

  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range
  • Electric: Electricity - On Property
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Clubhouse
  • Association Fee: 750.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Close to Clubhouse
  • Lot Size Sq Ft: 2200.00
  • Lot Size Acres: 0.0505

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity

Multi Family

  • Electric Expense: 1600.00
  • Gross Income: 9000.00
  • Gross Operating Income: 81480.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 2200.0000 Square Feet
  • Net Operating Income: 53380.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 28100.00
  • Rent Control: Yes
  • Total Expenses: 28100.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5750.02
  • Tax Lot: 7
  • Tax Tract Number: 27976
  • TaxOtherAnnualAssessmentAmount: 844.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 1999
Sold by
Stafford Family Trust Stafford Harry And Fran
Bought by
Gates Richard C
Current Estimated Value
$1,161,193

Purchase Details

Closed on
Mar 22, 1994
Sold by
Stafford Harry L and Stafford Joan Stafford
Bought by
Stafford Harry L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gates Richard C $245,000 Provident Title
Stafford Harry L -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/04/2024 12/04/24 Sold $1,125,000 0.0% $315 / Sq Ft
11/18/2024 11/18/24 Sold $1,125,000 0.0% $318 / Sq Ft View Prior Sale
10/12/2024 10/12/24 Pending -- -- --
10/01/2024 10/01/24 For Sale $1,125,000 -13.5% $318 / Sq Ft
07/16/2024 07/16/24 For Sale $1,300,000 +62.5% $364 / Sq Ft
08/22/2014 08/22/14 Sold $800,000 -5.8% $220 / Sq Ft View Prior Sale
08/12/2014 08/12/14 Pending -- -- --
06/01/2014 06/01/14 For Sale $849,000 -- $233 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $5,437 $384,065 $116,468 $267,597
2024 $5,437 $376,535 $114,185 $262,350
2023 $5,345 $369,153 $111,947 $257,206
2022 $5,035 $361,915 $109,752 $252,163
2021 $4,913 $354,819 $107,600 $247,219
2019 $4,844 $344,297 $104,409 $239,888
2018 $4,689 $337,547 $102,362 $235,185
2016 $4,299 $324,441 $98,388 $226,053
2015 $4,138 $319,569 $96,911 $222,658
2014 $4,126 $313,310 $95,013 $218,297
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24145967

California Regional Multiple Listing Service (CRMLS)

APN: 7253-013-042