1776 Temple Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$2,485,000 USD
631-921-8158
1776 Temple Ave, Long Beach, CA for Sale
$2,485,000 USD
Apartments - FOR SALE
1/23
null | 5.29% Cap Rate

1776 Temple Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • All 2-Bed / 2-Bath Unit Mix
  • Private Balconies for Every Unit
  • Over $200K Invested Into Property Updates
  • 5.29% Current Cap / 6.65% Market Cap
  • 12 Carport Parking Spaces
  • Strong Eastside Long Beach Location

OVERVIEW

Strands Realty Group is 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.

FOR SALE DETAILS

PRICE

$2,485,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

8

PRICE/UNIT

$310,625

CAP RATE

5.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R4, Long Beach

APN/PARCEL ID

7259-031-003

ASK ABOUT THIS PROPERTY

Anthony AnnunziataStrands Realty GroupMore Info
631-921-8158

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Anthony AnnunziataStrands Realty GroupMore Info
631-921-8158

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.