On Site:3 Days
Lot Size:6,030 Sq. Ft.
Absolutely gorgeous duplex in a prime location. This designer owned property has been remodeled throughout to create a more open floor plan in its sun filled living areas. Upgrades in the kitchens and baths include contemporary tile floors, fixtures, cabinets, and quartz counter tops as well as lighting and plumbing fixtures. The kitchen floor plan is very versatile to accommodate a washer dryer in each unit or in the detached backyard building. The entire building was recently rewired and electrically upgraded with new panels and sub-panels. The sewer main was replaced in 2017, and re-roofed in 2013. Care has been taken to insure the remodel compliments the original architecture without stripping elements that highlight the character of the building such as original built-in kitchen features and rare refinished mahogany floors. The minimal line renovations allow for personal taste adaptation to 40's d cor, mid century modern, or contemporary. The large front yard has mature planting and space for outdoor living and could be enclosed. Enjoy the lush back yard with built-in benches, mature trees, recently added sod, hardscape patio deck, fire pit area and plenty of room to add an outdoor kitchen. An added benefit is the detached bonus room adjacent to the 2 garages. It is plumbed and has many possibilities including laundry room, guest room, game room, office or transform the structure into an ADU allowing for even more income opportunity. Whether you are looking for strictly income property, a place to live and rent, or a double unit generational family home, this property is a rare find.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:2370 Termino Ave Long Beach, CA 90815
Area:35 - Artcraft Manor
Subdivision:Artcraft Manor (Am)
Construction Materials: Stucco
Number of Buildings: 2
Total Units: 2
Unit 1: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,100 pro forma
Unit 2: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,100 pro forma
Garage Spaces: 2.0
Parking Features: Garage
Open Parking Spaces: 2.0
Parking Total: 4.0
Features / Amenities
Interior Features: Stone Counters, AllBedroomsDown, Bedroom on Main Level
Appliances: Disposal, Gas Range, Gas Water Heater, Water Heater, Dryer, Washer
Flooring: Tile, Wood
Laundry: Common Area, Washer Hookup, Inside, In Kitchen, Laundry Room
Other Structures: Storage
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Common Walls: 1 Common Wall
Heating: Floor Furnace
Lot Size: 0.14 Acres / 6,030 Sq. Ft.
Lot Features: Back Yard, Garden, Sprinklers In Front, Landscaped, SprinklersTimer
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer: Public Sewer
Road Frontage: City Street
Road Surface: Paved
Fencing: Chain Link
Directions:North of Stearns and West of Lakewood Blvd
Tax and Financial Info
Contingency: Buyer to cooperate with seller's 1031 exchange.
Gross Income: $50,400
Gross Scheduled Income: $50,400
Net Operating Income: $35,676
Gardener Expense: $900
Insurance Expense: $1,300
New Taxes Expense: $10,504
Trash Expense: $720
Water/Sewer Expense: $1,300
Operating Expense: $14,724
WALKING AND TRANSPORTATION
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Listing provided courtesy of Oriana Shea, Nationwide Real Estate Execs.
Based on information from California Regional Multiple Listing Service, Inc. as of May 12, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.