$ 2,485,000
-
$2,485,000
Price -
16
Bed -
16
Bath -
6,288
SqFt
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About the Listing PB21622 - PWRANSERI
We are 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 5.29% 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.
Listing Highlights
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
PW26094866
Year Built
1987
Total Square Footage
6,288
Lot/Acreage
0.16
County
Los Angeles
Interior Details
- Bedrooms: 16
- Bathrooms: 16 Full
- Appliances: 6 Burner Stove, Convection Oven, Dishwasher, Electric Range, Freezer, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Water Heater
- Air Cond: Attic Fan
- Heating: Central
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Balcony,Bedroom on Main Level,Main Level Primary
- Water:
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 12
- Roof: Shingle
- Others: Concrete,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Attached Carport,Covered,Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7259031003
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1776 Temple Long Beach, CA 90804
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