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1062 Termino Ave 4 Unit Apartment Building $1,640,328 CAD ($410,082 CAD/Unit) 3.76% Cap Rate Long Beach, CA 90804
Investment Highlights
- 4-unit multifamily property in East Long Beach featuring a 3-unit building and a detached 2-bed/1-bath cottage
- Below-market rents provide clear value-add potential through interior and exterior renovations
- Located near Woodrow Wilson High School, Recreation Park, and the Los Alamitos Traffic Circle
- Desirable unit mix of 2 one-bed/one-bath units, 1 two-bed/two-bath unit, and 1 two-bed/one-bath cottage
- On-site amenities include a private yard, security doors, laundry, and surface and garage parking
- Strong East Long Beach location with convenient access to retail, dining, and major commuter routes
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a 4-unit multifamily property located at 1062 Termino Avenue in Long Beach, California.
The property consists of a three-unit structure comprised of 2 one-bed/one-bath units and 1 twobed/ two-bath unit, as well as a detached two-bed/one-bath cottage. The property also features a private yard, security doors, on-site laundry, and a combination of surface and garage parking.
Current rents are below market, presenting a clear value-add opportunity through a comprehensive interior and exterior renovation program. A new owner can capitalize on strong rental demand in the surrounding submarket by modernizing unit interiors and enhancing common areas, driving meaningful increases in rental income and overall asset value.
The property is located in a desirable East Long Beach neighborhood, within close proximity to Woodrow Wilson High School and just minutes from Recreation Park, a major recreational amenity offering golf, tennis, sports fields, and open space. The location also benefits from convenient access to the Los Alamitos Traffic Circle, providing a wide range of retail, dining, and everyday conveniences, along with strong connectivity to surrounding areas of Long Beach and Orange County.
Overall, 1062 Termino Avenue presents a compelling opportunity to acquire a well-located, lowdensity multifamily asset with significant rental upside.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
The property consists of a three-unit structure comprised of 2 one-bed/one-bath units and 1 twobed/ two-bath unit, as well as a detached two-bed/one-bath cottage. The property also features a private yard, security doors, on-site laundry, and a combination of surface and garage parking.
Current rents are below market, presenting a clear value-add opportunity through a comprehensive interior and exterior renovation program. A new owner can capitalize on strong rental demand in the surrounding submarket by modernizing unit interiors and enhancing common areas, driving meaningful increases in rental income and overall asset value.
The property is located in a desirable East Long Beach neighborhood, within close proximity to Woodrow Wilson High School and just minutes from Recreation Park, a major recreational amenity offering golf, tennis, sports fields, and open space. The location also benefits from convenient access to the Los Alamitos Traffic Circle, providing a wide range of retail, dining, and everyday conveniences, along with strong connectivity to surrounding areas of Long Beach and Orange County.
Overall, 1062 Termino Avenue presents a compelling opportunity to acquire a well-located, lowdensity multifamily asset with significant rental upside.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$109,082
|
$40.49
|
| Other Income |
$157
|
$0.06
|
| Vacancy Loss |
$3,272
|
$1.21
|
| Effective Gross Income |
$105,967
|
$39.33
|
| Taxes |
$20,817
|
$7.73
|
| Operating Expenses |
$23,413
|
$8.69
|
| Total Expenses |
$44,230
|
$16.42
|
| Net Operating Income |
$61,736
|
$22.92
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $109,082 |
| Annual Per SF | $40.49 |
| Other Income (CAD) | |
|---|---|
| Annual | $157 |
| Annual Per SF | $0.06 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,272 |
| Annual Per SF | $1.21 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $105,967 |
| Annual Per SF | $39.33 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,817 |
| Annual Per SF | $7.73 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,413 |
| Annual Per SF | $8.69 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $44,230 |
| Annual Per SF | $16.42 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $61,736 |
| Annual Per SF | $22.92 |
Property Facts
| Price | $1,640,328 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $410,082 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.76% | Building Size | 2,694 SF |
| Gross Rent Multiplier | 15.02 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 2.23/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4K, Long Beach | ||
| Price | $1,640,328 CAD |
| Price Per Unit | $410,082 CAD |
| Sale Type | Investment |
| Cap Rate | 3.76% |
| Gross Rent Multiplier | 15.02 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,694 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | R4K, Long Beach |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 500 |
| 2+1 | 1 | - | 842 |
| 2+2 | 1 | - | 852 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7254-008-010 | Total Assessment | $1,410,946 CAD (2025) |
| Land Assessment | $919,131 CAD (2025) | Annual Taxes | $20,817 CAD ($7.73 CAD/SF) |
| Improvements Assessment | $491,815 CAD (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
7254-008-010
Land Assessment
$919,131 CAD (2025)
Improvements Assessment
$491,815 CAD (2025)
Total Assessment
$1,410,946 CAD (2025)
Annual Taxes
$20,817 CAD ($7.73 CAD/SF)
Tax Year
2026 Payable 2026
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1062 Termino Ave
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