1345 Termino, Long Beach, CA 90804
- $850,000
- 2
- BD
- 1
- BA
- 596
- SqFt
- List Price
- $850,000
- Status
- ACTIVE
- MLS#
- PW26088667
- Year Built
- 1923
- Bedrooms
- 2
- Bathrooms
- 1
- Living Sq. Ft
- 596
- Lot Size
- 2,501
- Acres
- 0.06
- Lot Location
- Cul-De-Sac, Front Yard, Yard
- Days on Market
- 140
- Property Type
- Single Family Residential
- Style
- Craftsman
- Property Sub Type
- Single Family Residence
- Stories
- One Level
- Neighborhood
- Eastside (Es)
Property Description
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.
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Additional Information
- Appliances
- Free-Standing Range, Disposal, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Patio
- Concrete, Patio
- Roof
- Shingle
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- School District
- Long Beach Unified
- Interior Features
- Breakfast Bar, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Brian Thornton (BTHORNTON@AOL.COM) from Listing Office: Thornton Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.