Beautiful, huge Spanish style 6 unit property only steps from Belmont Heights! Extensively renovated property including water free turf landscaping, all new electrical mains and subpanels, new wiring and plumbing in front building, and new exterior paint. 4 enormous two bedroom, one bathroom units in front of over 1000 square feet each with open concept living rooms, dining areas, large kitchens, dishwashers, in unit laundry, and plenty of storage. Attractive central courtyard for shared outdoor space. 2 one bedroom, one bathroom units above 5 garages and laundry room at the rear of the property. Interior renovations for 2 bed units include refinished original hardwood floors, vinyl flooring in kitchens, new cabinets, countertops, stainless steel appliances, new dual vanities in restrooms, floor tile, tub surrounds, and lighting. Very well priced on actual income at an in-place cap rate of 4.2% and 14.9X GRM. Spanish style retro character throughout the property with domed high ceilings, curved archways, original built-ins in rear units, and exterior detail. Potential to convert garages into two ADUs for additional income and value (buyer to verify). Incredible Belmont Heights adjacent location only a few blocks to second street, the Colorado Lagoon, and Rec Park. Long Beach Green belt access from directly in front of the property for an easy bike to the beach, restaurants, and bars. Conveniently located next to Wilson High School, Jefferson Middle School, and Cal State Long Beach.
Multi-familyProperty Type
1929Year Built
6,403 sq ftLot Size
$462Price/Sq.Ft.
5 car garageParking
Listed by Anthony Walker•DRE #01908153• Buckingham Investments, Inc
Listed by Josh Ess•DRE #02035659• Buckingham Investments, Inc
Bought with Richard Caley•DRE #01700559• Coastal Equities, California Real Estate Brokers
Bought with Richard Caley•DRE #01700559• Coastal Equities, California Real Estate Brokers
Beautiful Classic Spanish - Excellent Location, Nice Size Units. There Are 2(1bdrms), 4(2bdrms) And 5 Garages.
Public Records
Mar 3, 1989
Sold
$248,000
$47/sq ft
Public Records
Mar 3, 1989
Sold
$535,000
$101/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$33,608 (+4.5%)
$1,682,014 + $907,332
$2,589,346
2024
$32,158 (+27.4%)
$1,649,034 + $889,542
$2,538,576
2023
$25,243 (+6.5%)
$1,616,700 + $872,100
$2,488,800
2022
$23,692 (+2.1%)
$1,345,183 + $582,365
$1,927,548
2021
$23,216 (+0.3%)
$1,318,807 + $570,947
$1,889,754
2020
$23,155 (+1.2%)
$1,292,949 + $559,752
$1,852,701
2019
$22,884 (+117.6%)
$1,279,692 + $554,013
$1,833,705
2018
$10,517 (+1.1%)
$1,254,600 + $543,150
$1,797,750
2017
$10,406 (+7.7%)
$187,185 + $585,278
$772,463
2016
$9,660 (+4.0%)
$187,185 + $585,278
$772,463
2015
$9,285 (+0.5%)
$183,515 + $573,802
$757,317
2014
$9,243 (+1.5%)
$177,219 + $554,112
$731,331
2012
$9,107 (+4.2%)
$176,419 + $551,608
$728,027
2011
$8,742 (+1.1%)
$172,960 + $540,793
$713,753
2010
$8,645 (+0.8%)
$169,569 + $530,190
$699,759
2009
$8,579 (+7.3%)
$168,302 + $526,228
$694,530
2008
$7,998
$168,702 + $527,479
$696,181
Tax history for 781 Termino Ave
Year
Property tax
Land + Additions
Assessment*
2025
$33,608 (+4.5%)
$1,682,014 + $907,332
$2,589,346
2024
$32,158 (+27.4%)
$1,649,034 + $889,542
$2,538,576
2023
$25,243 (+6.5%)
$1,616,700 + $872,100
$2,488,800
2022
$23,692 (+2.1%)
$1,345,183 + $582,365
$1,927,548
2021
$23,216 (+0.3%)
$1,318,807 + $570,947
$1,889,754
2020
$23,155 (+1.2%)
$1,292,949 + $559,752
$1,852,701
2019
$22,884 (+117.6%)
$1,279,692 + $554,013
$1,833,705
2018
$10,517 (+1.1%)
$1,254,600 + $543,150
$1,797,750
2017
$10,406 (+7.7%)
$187,185 + $585,278
$772,463
2016
$9,660 (+4.0%)
$187,185 + $585,278
$772,463
2015
$9,285 (+0.5%)
$183,515 + $573,802
$757,317
2014
$9,243 (+1.5%)
$177,219 + $554,112
$731,331
2012
$9,107 (+4.2%)
$176,419 + $551,608
$728,027
2011
$8,742 (+1.1%)
$172,960 + $540,793
$713,753
2010
$8,645 (+0.8%)
$169,569 + $530,190
$699,759
2009
$8,579 (+7.3%)
$168,302 + $526,228
$694,530
2008
$7,998
$168,702 + $527,479
$696,181
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
6,403 Sq. Ft.
Year renovated
—
Sq. Ft.
1,008
Year built
1929
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
7254022028
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
R-3-S
Low-Density Multi-Family Residential, Small Lot District
The R-3-S District is a three-family residential district. This District recognizes the constraints small lots place on multifamily developments and the adverse consequences related to large scale multifamily development in existing neighborhoods of single-family use. This Zone implements Land Use District No. 3B of the General Plan.
Permitted uses
Include but are not limited to:
Agriculture
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Other
Park & open space
Jul 29, 2019 • Final
Remodel application
Bathroom
Kitchen
Remodel
Mar 14, 2019 • Final
Plumbing
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 5
Garage - Single Door
Has Parking
# of Parking Spaces: 5
Interior
Laundry Information
Has Laundry
Area, Gas & Electric Dryer Hookup, Stackable, Washer Hookup
Interior Features
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 11635656
Listing Key Numeric: 370500255
Actual Rent: $2,475
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $2,475
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 11635657
Listing Key Numeric: 370500255
Actual Rent: $1,695
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $1,695
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 370500255
Unit Key Numeric: 11635658
Actual Rent: $1,804
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,804
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 370500255
Unit Key Numeric: 11635659
Actual Rent: $2,695
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $2,695
Total # of Units: 1
Unit Type 5 Information
Unit Key Numeric: 11635660
Listing Key Numeric: 370500255
Actual Rent: $2,645
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $2,645
Total # of Units: 1
Unit Type 6 Information
Listing Key Numeric: 370500255
Unit Key Numeric: 11635661
Actual Rent: $2,350
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $2,350
Total # of Units: 1
Expenses
Fuel Expense: $416
Trash: $416
Total: $53,515
Pest Control: $1,000
Maintenance: $7,793
Licenses: $500
Insurance: $3,540
Water Sewer: $416
Electric: $416
New Taxes: $30,625
Gardener: $600
Multi-Unit Information
Net Operating Income: $102,345
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 5,280
Gross Scheduled Income: $163,968
Gross Operating Income: $155,860
Gross Multiplier: 14.93
Maintenance Percent: 5
# Of Separate Water Meters: 6
# Of Separate Gas Meters: 6
# Of Separate Electric Meters: 6
# Of Buildings: 2
Operating Expense Percent: $34
Vacancy Allowance Rate: 5
Vacancy Allowance: 8198
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 6-10 Units/Acre
Property Information
Total # of Units: 6
Common Walls: 2+ common walls
Parcel Number: 7254022028
Attached Property
Total # of Stories: 2
Year Built Source: Public Records
Financial
Lease / Rental Details
Operating Expense: $53,515
Rent Control
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Urban
Location Information
Latitude: 33.77686000
Longitude: -118.14620000
Other Subdivision Name: Eastside (ES)
Directions: On West side of street
Subdivision Name: Eastside (ES)
Zoning: LBR3S
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,008
Stories: —
Lot Size: 6,403 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1929
Year Renovated: —
County: Los Angeles County
APN: 7254022028
Home facts updated by county records on Oct 6, 2026
Other
Listing Information
Days Active in MLS: 44
Continuous Days Active in MLS: 44
Listing Agent Information
List Agent First Name: Anthony
List Agent Last Name: Walker
Co-List Agent First Name: Josh
Co-List Agent Last Name: Ess
Listing Office Information
List Office Name: Buckingham Investments, Inc
Co-List Office Name: Buckingham Investments, Inc
Selling Agent Information
Buyer Agent First Name: Richard
Buyer Agent Last Name: Caley
Co-Buyer Agent First Name: Richard
Co-Buyer Agent Last Name: Caley
Selling Office Information
Buyer Office Name: Coastal Equities, California Real Estate Brokers
Co-Buyer Office Name: Coastal Equities, California Real Estate Brokers
Around this home
Schools
K - 12
Preschool & daycare
Willard Elementary School
Public K-5 • Assigned • 0.6mi
3/10
Jefferson Leadership Academies School
Public 6-8 • Assigned • 0.2mi
7/10
Wilson High School
Public 9-12 • Assigned • 0.3mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
The Los Angeles County market is becoming more balanced, giving buyers a little more room to negotiate while well-priced homes can still attract strong interest. With homes taking longer to sell and buyers becoming more selective, pricing and...