1776 Temple, Long Beach, CA 90804
- $2,450,000
- List Price
- $2,450,000
- Price Change
- ▼ $35,000 1781047065
- Status
- ACTIVE
- MLS#
- PW26094866
- Year Built
- 1987
- Lot Size
- 6,753
- Acres
- 0.16
- Lot Location
- Rectangular Lot
- Days on Market
- 86
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
Pleased to present 1776 Temple Avenue, an 8-unit multifamily investment located in the highly desirable Eastside Long Beach submarket. Built in 1987 and configured exclusively as spacious 2-bedroom/2-bathroom units with private balconies, the property offers an investor a rare combination of strong in-place cash flow at a 5.36% cap rate and meaningful rental upside as units turn — with comparable 2BR/2BA market rents in the Zaferia submarket supporting a stabilized cap rate of 6.65%. The property features assigned carport parking, on-site laundry, and additional surface parking that contributes to ancillary income. Positioned just minutes from CSULB, the VA Hospital, the Traffic Circle, and 4th Street Retro Row, 1776 Temple Avenue benefits from one of the deepest and most consistent rental demand pockets in coastal Los Angeles County. This offering presents a compelling opportunity to acquire a stabilized, well-located coastal multifamily asset with a clear path to enhanced returns through organic rent growth and operational optimization.
Additional Information
- Appliances
- 6 Burner Stove, Convection Oven, Dishwasher, Electric Range, Freezer, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Central
- Cooling Description
- Attic Fan
- View
- City Lights
- Exterior Construction
- Concrete
- Roof
- Shingle
- Sewer
- Public Sewer
- Interior Features
- Balcony, Bedroom on Main Level, Main Level Primary
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $209,895
- Operating Expense
- 42515
Listing courtesy of Listing Agent: Erik Ransdell (erik.ransdell@strandsrealtygroup.com) from Listing Office: Erik Michael Ransdell, Broker.
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.