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33688143
33631092

1315 Termino Avenue, Long Beach, CA 90804

KM
CA 01220368
Morgan Skenderian Investment Real Estate Group
Morgan Skenderian Investment Real Estate Group
Listed by Morgan Skenderian Investment Real Estate Group
$1,795,000
7 days on market
Updated 1 day ago

1315 Termino Ave

Details
APN 7253010019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,608
Net Rentable (SqFt) 3,608
Units 4
Cap Rate 5.26%
NOI $94,331
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.01%
Pro-Forma NOI $107,833
Price per SqFt $498
Class C
Year Built 1907
Year Renovated 2024
Buildings 2
Stories 2
Acreage 0.144
Zoning Assessor
Parking Spaces spaces
Investment Type Stabilized
Ownership Fee Simple
Sale Condition 1031 exchange

Turn-Key | 5.30% CAP | Fourplex

Marketing description

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 Californias most active and evolving rental markets.

Investment highlights

  • Fully Repositioned 4-Unit Multifamily Property
  • Existing Duplex Taken Down to the Studs & Renovated in 2024
  • (2) Brand-New Construction Units Added in 2024
  • Spacious 2 & 3 Bedroom Floorplans with High-End Finishes
  • Turn-Key Asset with Significant Recent Capital Improvements
  • Strong Rental Demand for Larger Units in Long Beach
  • Attractive Coastal-Adjacent Location Near Retail, Dining, &
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Listing Contacts

KM
CA 01220368
Morgan Skenderian Investment Real Estate Group
Morgan Skenderian Investment Real Estate Group
Listed by Morgan Skenderian Investment Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$94,331.00
$7,860.92/mo

Valuation Metrics

0
DSCR
5.26%
Cap Rate
5.26%
ROI

Map

Zoning

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R-2-N ResidentialTwo FamilyTwo Family Residential Standard Lot
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Ken Morgan
License
01220368
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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