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Berkshire Hathaway HomeServices California Properties

924 Termino Avenue, Long Beach, CA 90804

$2,195,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Rick Applebaum | rma@morganskenderian.com
Lic#: 01273871
Broker: Courtesy of Morgan Skenderian
Phone: 949-251-8800

Co Listing Agent

Paul Espinosa | paul@morganskenderian.com
Lic#: 01942627
Broker: Courtesy of Morgan Skenderian

Listing Details

Property type: Apartment (Multi-Family)

Property Sub-Type:

Status: Active

Listing ID: PW26102358

Price: $2,195,000

Rental Rate: $2,195,000

Lot Size:

HOA Fee is $0.00

None fireplaces

Built in 1950

0.18 acres

Subdivision: Other

County: Los Angeles

Heating description: Wall Furnace

Last Updated: 5/14/2026

Days On Market (DOM): 33

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Lat/Long: 33.778640, -118.145644.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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Property Details

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.

Financials

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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