1345 Termino, Long Beach, CA 90804

Property Description

Welcome to 1345 Termino Avenue, a charming 1923 Craftsman-style cottage with the historic character preserved; tucked away on a quiet cul-de-sac in the Eastside/Traffic Circle area of Long Beach. Short Distance to the beach and amenities. Private backyard patio. Two Cars parking options. This unique property offers something for everyone: an income-producing property for an investor, an 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.