$2,195,000
924 Termino Avenue, Long Beach CA 90804
Multi-Family (8 Units)
Property type
22 days
On market
$646
Price per sqft
6 cars
Garage
1950
Year built
7,661 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Rick Applebaum DRE #01273871, Morgan Skenderian, Paul Espinosa DRE #01942627, Morgan Skenderian
Listing updated: May 14, 2026 at 05:51pm.
Last checked: Jun 4, 2026 at 04:30am
Source: CRMLS #PW26102358
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 7 | 1 | 1 | — | $1,904 | $13,331 | $2,095 | Unfurnished |
| 1 | 2 | 1 | — | $2,295 | $2,295 | $2,350 | Unfurnished |
# of Buildings: 2
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 0
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
11.0x
List Price / Annual Gross Rent
Cap Rate
6.52%
NOI / List Price
Gross Scheduled Income: $200,318
Vacancy Allowance: $6,010
Vacancy Allowance Rate: 3%
Operating Expense: $51,093
Net Operating Income: $143,215
Annual Operating Expenses
Electric: $1,476
Gardener: $3,463
Fuel: $342
Insurance: $4,250
Licenses: $1,000
Maintenance: $5,829
New Taxes: $29,380
Professional Management: $0
Trash: $2,864
Water / Sewer: $2,490
Interior
Heating: Wall Furnace
Fireplace: None
Laundry: Common Area
Entry Location: Street
Exterior
Property Attached: No
Stories Total: 1
Common Walls: No Common Walls
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 6
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7254018002
Additional Parcels: No
Tax Lot: 2
Subdivision: Other
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Dog Park, Golf, Park, Sidewalks
Nearby Schools
Nearby schools around the 924 Termino Avenue, Long Beach, CA 90804. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,756,000
Total Interest
$2,239,681
Total Payment
$3,995,681
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$13,536
per month
Property History for 924 Termino Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90804.
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