Welcome to 1345 Termino Avenue, a charming 1923 Craftsman-style cottage tucked away on a quiet cul-de-sac in the Eastside/Traffic Circle area of Long Beach. This unique property offers something for several types of buyers: a charming home for someone who appreciates historic character, an income-producing property for an investor, and an intriguing opportunity for a contractor or developer looking toward the property's future potential or as a future home to live in later. No HOA RECENT IMPROVEMENTS: Roof replaced in 2022, Most plumbing updated in 2023/2024, Some electrical wiring replaced in 2022, Attic insulation, Garage door replaced with a newer roll-up door For investors, this property offers an important advantage: there is an existing lease that transfers with the sale. The property is zoned LBR2N, identified in current listing information as 2-Unit Residential. The property's zoning and applicable California housing laws may provide opportunities for additional residential development, but buyers should independently verify allowable density, unit count, setbacks, parking, ADU/JADU possibilities, and all other development requirements with the City of Long Beach. For the contractor/developer: A strategically located LBR2N property where zoning and current regulations may create opportunities to explore additional residential units or future development, subject to city approval. For the long-term investor: The ability to hold the existing property and income while studying future development possibilities1345 Termino Avenue — a piece of Long Beach history with income potential and possibilities for the future. Buyer to independently verify all zoning, development potential, allowable units, parking requirements, ADU/JADU eligibility, permits, dimensions, square footage, and other property information with the City of Long Beach and appropriate professionals. Development possibilities are subject to applicable laws, regulations, approvals, and permits. Offers made subject to inspection. Existing Lease transfers with sale. Seller will consider cooperating with buyer's 1031 exchange at no expense to seller. No Homeowners Association.
Based on the average sale price from the Temecula, CA office
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Default based on a 30-year fixed rate of 6.49% 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.
Mortgage calculator provided courtesy of Inside Real Estate.
1345 Termino Long Beach, CA is a Single Family Home for sale at $850000 with 596 sqft and a lot size of 0.0574 Acres Acre(s). 1345 Termino Long Beach has 2 bedrooms, 1 baths and was built in 1923. The property's zip code is 90804 which is in Long Beach, CA
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.