1776 Temple, Long Beach, CA 90804
1776 Temple, Long Beach, CA 90804
1776 Temple, Long Beach, CA 90804
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$2,450,000
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6,751 Sqft Lot
Price Dropped by $35K

1776 Temple Long Beach, CA 90804

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Ruben Sanchez

Ruben Sanchez

+1(714) 656-6325

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26094866

HOA Y/N No

Year Built 1987

Lot Size 6,751 Sqft

Property Sub-Type Apartment

Property 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 5.36% 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

Interior

Interior Features Balcony, Bedroom on Main Level, Main Level Primary

Heating Central

Cooling Attic Fan

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance 6 Burner Stove, Convection Oven, Dishwasher, Electric Range, Freezer, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Water Heater

Laundry Common Area

Exterior

Parking Features Attached Carport, Covered, Carport

Carport Spaces 12

Fence Good Condition, Security

Pool None

Community Features Suburban

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N Yes

View City Lights

Roof Type Shingle

Accessibility No Stairs, Parking

Total Parking Spaces 12

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

New Construction No

Others

Senior Community No

Tax ID 7259031003

Security Features Security Gate,Resident Manager

Energy Description 4800.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Erik Ransdell Erik Michael Ransdell, Broker 714-392-6380, DRE #02077589

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Ruben Sanchez

Ruben Sanchez

REALTOR® | Team Lead | License ID: 02091617

+1(714) 656-6325

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1776 Temple