$2,450,000
About this home
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.
Facts & features
- Interior features
- Balcony, Bedroom On Main Level, Main Level Primary
- Appliances
- Six Burner Stove, Convection Oven, Dishwasher, Electric Range, Freezer, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Water Heater
- Flooring
- Laminate
- Fireplace
- None
- Heating
- Central
- Cooling
- Attic Fan
- Laundry
- Common Area
- Spa
- None
- Lot size
- 0.155 acres (6,753 sq ft)
- Pool
- None
- View
- City Lights
- Year built
- 1987
- Parking
- Attached Carport, Covered, Carport
- Parking spaces
- 12
- Area
- 3 - Eastside, Circle Area
- County
- Los Angeles
- Community features
- Suburban
- Status
- Active
- Property type
- Apartment
- Days on market
- 36
- Listed
- 2026-04-24
- Original price
- $2,485,000
- Terms
- Cash, Cash To Existing Loan, Cash To New Loan, Conventional, Exchange 1031, FHA
- Parcel #
- 7259031003
- MLS #
- PW26094866
