1776 TempleLong Beach, CA 90804
Los Angeles County
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.
Property Information
- Property type
- Residential Income
- Sub-type
- Apartment
- Year built
- 1987
- Stories
- 2
- Building area
- 6,288 Sq Ft
- Lot size
- 0.15 acres
- Parking spaces
- 12
- Days on market
- 141
- MLS® Listing#
- PW26094866
Property Features
- Interior
- Master Downstairs
- Exterior
- Balcony
- Appliances
- Convection Oven · Dishwasher · Electric Range · Freezer · Gas Cooktop · Gas Oven · Gas Range · Refrigerator · Water Heater
- Cooling
- Attic Fan
- Heating
- Central
- Flooring
- Laminate
- Fireplace
- None
- Pool
- None
- Parking
- Attached Carport · Covered · Carport
- Laundry
- Common Area
- Fencing
- Security
- Lot features
- Rectangular Lot
- Construction
- Concrete
- Roof
- Shingle
- Security
- Security Gate
- Community
- Suburban
- Utilities
- Electricity Available · Electricity Connected · Natural Gas Available · Natural Gas Connected · Sewer Available · Sewer Connected · Water Available · Water Connected
- Sewer
- Public Sewer
- Parcel number
- 7259031003
Directions
Pacific Coast Hwy & Temple Ave
Listing Courtesy: Erik Michael Ransdell, Broker - 714-392-6380
Presented by: Erik Ransdell
Licensed in the state of California.
Long Beach Market Statistics
How this home compares to 818 active listings in Long Beach, CA
| Long Beach median | This listing | |
|---|---|---|
| Median listing price | $879,675 | $2,385,000 |
| Median days on market | 57 | 141 |
| Median Sq Ft | 1,404 | 6,288 |
| Median price / Sq Ft | $585 | $379 |
Market statistics compiled from active EXIT Realty® and MLS listings in Long Beach, CA.
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Comparable nearby listings and their asking prices.
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| 1137 Junipero Avenue, Long Beach, CA | $2,400,000 | — | — | 7,461 |
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| 1025 Gaviota Avenue, Long Beach, CA | $2,250,000 | — | — | 7,000 |
