1317 Termino Avenue, Long Beach, CA 90804

The perfect investor formula: Iconic Craftsman architecture, well maintained buildings, stable tenants great cash flow! Oversized lot in fantastic L.B. area nestled among SFR & adjacent to Belmont Shore/Heights. Two 3 unit, bungalow style buildings w/ central court plus freestanding unit #7 (here when current owners purchased). Tenants enjoy walking to shopping & transportation, + minutes to Rec. Park & CSULB (slated to be the next UC-huge upside for rents!!) Tenants love the quiet, serene environment with lush back lawn & ocean breezes (some have been here over a decade!) Virtually no vacancy in the past 15 yrs. (verifiable!). Turnkey & easy to manage & maintain: owners have systems down pat. Upkeep is cost effective & organized. No deferred maintenance. All studio units pretty much identical with living/sleeping area & separate kitchen/dining/office. Per owners: Upgrades include copper plumbing, electrical updates & new permitted vent-less gas heaters in all units; roof approx. 15 yrs. old. Conservative owners have kept rents low. Huge upside income & appreciation potential. Please respect tenants’ privacy-do not disturb. (Tenant in 1317A gets $100 discount for doing chores. Units estimated at just under 300 sq. ft. Property sold AS IS.)