924 Termino Avenue Long Beach, CA $ 2,195,000
924 Termino Avenue
$ 2,195,000
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924 Termino Avenue

Long Beach, CA, 90804
$ 2,195,000
Baths1.0 Sq 3,400

Monthly Estimate*

$ 13,515

Listed by Morgan Skenderian
924 Termino Avenue, Long Beach, CA 90804 - Image 1
924 Termino Avenue, Long Beach, CA 90804 - Image 2
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924 Termino Avenue, Long Beach, CA 90804 - Image 15
Studio

Multi-Family Home for sale in Long Beach, CA

for $2,195,000 with 1 full bath. This 3,400 square foot home was built in 1950 on a lot size of 0.1759.

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.

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Multi-Family Active

Price

$ 2,195,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1759

Year Built

1950

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26102358

Days on Market

2

Features
General
Sewer Public Sewer
Heating Wall Furnace
HOA Fee 0
Garage Spaces 6
Pool Features None
Year Built 1950
Property Subtype Apartment
Gross Income 200318
Community Features Biking Curbs Dog Park Golf Park Sidewalks
County Los Angeles
Net Operating Income 143215
Operating Expense 51093
Insurance Expense 4250
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 5829
Subdivision Name Other
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions South of 10th Street and East of Redondo Avenue.
City Long Beach
Entry Location Street
Senior Community Y/N false
Number Of Units Total 8
MLS Area 3 - Eastside Circle Area
Lot Size Units Square Feet
Lot Size Square Feet 7661
Listing Terms Cash to New Loan
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 1476
Fuel Expense 342
Trash Expense 2864
Water Sewer Expense 2490
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 2
Property Sub Type Additional Apartment
Taxes 29380
Cap Rate 6.52
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Interior
Fireplace Features None
Total Stories 1
Common Walls No Common Walls
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Water Source Public
Total Parking 6
Lot Size Area 7661
Number of Buildings 2
Building Area Total 3400
Lot Size Acres 0.1759
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
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* Excluded Features
List By
Morgan Skenderian

Broker

rma@morganskenderian.com

Email

Affordability Calculator

$13,515
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Monthly Principal & Interest
$13,515
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2026$2,195,000 Listed Price

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924 Termino Avenue, Long Beach, CA, 90804 is a Multi-Family Home for sale at $2,195,000 with 3,400 sqft and a lot size of 0.1759. 924 Termino Avenue is a studio with 1.0 baths and was built in 1950. The property's zip code is 90804 which is in Long Beach, CA