NOT LISTED FOR SALE

1535 Termino Ave Long Beach, CA 90804

Bryant Neighborhood

Estimated Value: $810,000 - $1,220,000

3 Beds
2 Baths
3,570 Sq Ft
$305/Sq Ft Est. Value

Sale Details

Date Sold: December 4, 2024

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

Est. 1% decrease in value since last sale

Current estimated payment $7,233 / mo

101 Days on Market

Highlights

  • Spa
  • Clubhouse
  • Traditional Architecture
  • Woodrow Wilson High School Rated A
  • Property is near clubhouse
  • 4 Car Direct Access Garage

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 in unit

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

2,200 Sq Ft Lot

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

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 Name Owned For Owner Type

Purchase Details

Closed on
May 4, 1999
Sold by
Bought by
Current Estimated Value
$1,112,178

Purchase Details

Closed on
Mar 22, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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 Buyer Sale Price Title Company
$245,000 Provident Title
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $224,477
Closed $260,000
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
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

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 $5,711 $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

  • Jason Dufault

    Seller's Agent in 2024

    Jason Dufault

    Keller Williams Coastal Proper

    (714) 861-1233

    1 in this area

    14 Total Sales

    Jason Dufault
    Section Image
  • Spencer Pabst

    Seller's Agent in 2024

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    2 in this area

    50 Total Sales

    Spencer Pabst
    Section Image
  • Tina Vo

    Seller's Agent in 2014

    Tina Vo

    HPT Realty

    (714) 345-8415

    26 Total Sales

    Tina Vo
    Section Image
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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

California Los Angeles County Long Beach 90804 Bryant

1535 Termino Ave, Long Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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