Listed by Morgan Skenderian Investment Real Estate Group
$1,795,000
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, &
Listing Contacts
Listed by Morgan Skenderian Investment Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,331.00
$7,860.92/mo
Valuation Metrics
0
DSCR
5.26%
Cap Rate
5.26%
ROI
Map
Zoning
R-2-N ResidentialTwo FamilyTwo Family Residential Standard Lot
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View all 48 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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