6,751 Sqft Lot
6,751 Sqft Lot
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 5.29% 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
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
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