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Listed by Erik Ransdell, DRE #02077589 • Erik Michael Ransdell, Broker
$ 2,485,000
Est. payment /mo
New
1776 Temple Long Beach, CA 90804
6,753 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26094866
Year Built 1987
Lot Size 6,753 Sqft
Source California Regional MLS
Property Description
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.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Rooms
Kitchen Dishwasher, Freezer, Other, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Central Forced Air
Flooring Laminate
Laundry Laundry Area
Exterior
Parking Features Carport , Covered Parking
Garage Spaces 12.0
Pool 31, None
View City Lights
Roof Type Shingle
Building
Water Hot Water
Others
Tax ID 7259031003
Special Listing Condition Not Applicable
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