1776 Temple,Long Beach, CA 90804
Long Beach, CA 90804
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 5.56% 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 6.98%. 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.
Details
| MLS # | PW26094866 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 160 |
| Listing Provided By | Erik Michael Ransdell, Broker | Erik Ransdell |
Features
| SQ Feet | 6,288 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Acreage | 0.16 |
| Property View | Yes |
Interior
| Cooling | Attic Fan |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Interior Features | Balcony, Bedroom On Main Level, Main Level Primary |
| Appliances | Six Burner Stove, Convection Oven, Dishwasher, Electric Range, Freezer, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Security Features | Security Gate, Resident Manager |
| Construction Materials | Concrete |
| Lot Features | Rectangular Lot |
| Fencing | Good Condition, Security |
Parking
| Parking Features | Attached Carport, Covered, Carport |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90804 |
| Area | 3 Eastside | Circle Area |
| Listing VS Median (in 90804) | |
Price: $2,385,000 low | high Med: $1,540,000 sqft: 6,288 low | high Med: 3,024 $ / sqft: $379 low | high Med: $511 On site: 160 low | high Med: 167 | |
Market Activity 90804
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90804 |
| Area | 3 Eastside | Circle Area |
| Listing VS Median (in 90804) | |
Price: $2,385,000 low | high Med: $1,540,000 sqft: 6,288 low | high Med: 3,024 $ / sqft: $379 low | high Med: $511 On site: 160 low | high Med: 167 | |
