924 Termino Ave Long Beach, CA 90804
Recreation Park NeighborhoodEstimated payment $12,710/month
Highlights
- Golf Course Community
- No HOA
- Laundry Room
- Fremont Elementary School Rated A
- Park
- Bike Trail
About This Home
Pleased to present this well-maintained 8-unit multifamily property in Long Beach. Consisiting exclusively of single-story units, the property features a desirable unit mix, with two of the eight units recently renovated to include updated flooring and fresh interior paint. Operational efficiency and long term durability are supported by key system upgrades, including copper plumbing, updated electrical systems, and new electrical panels. The property also benefits from an on-site laundry facility, two single-car garages and two double-car garages. A unique highlight of the property is a permitted storage area currently generating supplemental income from existing tenants. This space includes a bathroom and is equipped with plumbing, gas, and electrical, presenting an excellent opportunity for potential ADU conversion (buyer to verify), further increasing revenue potential. Overall, this property combines recent upgrades, strong in-place income, and multiple avenues for future growth—making it an attractive addition to any multifamily portfolio.
Listing Agent
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 05/14/2026
Co-Listing Agent
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01942627
Property Details
Home Type
- Apartment
Year Built
- Built in 1950
Lot Details
- 7,661 Sq Ft Lot
- No Common Walls
Parking
- 6 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,400 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 29299
- Assessor Parcel Number 7254018002
- $1,523 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Park
- Dog Park
- Bike Trail
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- Electric Expense $1,476
- Fuel Expense $342
- Gardener Expense $3,463
- Insurance Expense $4,250
- Maintenance Expense $5,829
- Trash Expense $2,864
- Water Sewer Expense $2,490
- New Taxes Expense $29,380
- Operating Expense $51,093
- Gross Income $200,318
- Net Operating Income $143,215
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,917 | $2,256,750 | $1,020,000 | $1,236,750 |
| 2024 | $11,917 | $844,839 | $340,772 | $504,067 |
| 2023 | $11,702 | $828,275 | $334,091 | $494,184 |
| 2022 | $11,004 | $812,036 | $327,541 | $484,495 |
| 2021 | $10,762 | $796,115 | $321,119 | $474,996 |
| 2019 | $10,608 | $773,304 | $311,596 | $461,708 |
| 2018 | $10,272 | $758,158 | $305,487 | $452,671 |
| 2016 | $9,465 | $727,951 | $293,626 | $434,325 |
| 2015 | $9,100 | $717,018 | $289,216 | $427,802 |
| 2014 | $9,073 | $702,973 | $283,551 | $419,422 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/14/2026 05/14/26 | For Sale | $2,195,000 | -- | $646 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26102358
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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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