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1776 Temple Ave 8 Unit Apartment Building $2,485,000 ($310,625/Unit) 5.29% Cap Rate Long Beach, CA 90804
Investment Highlights
- All 2-Bed / 2-Bath Unit Mix
- Over $200K Invested Into Property Updates
- 12 Carport Parking Spaces
- Private Balconies for Every Unit
- 5.29% Current Cap / 6.65% Market Cap
- Strong Eastside Long Beach Location
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,485,000 | Building Class | C |
| Price Per Unit | $310,625 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,288 SF |
| Cap Rate | 5.29% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 1.91/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4, Long Beach | ||
| Price | $2,485,000 |
| Price Per Unit | $310,625 |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,288 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | R4, Long Beach |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Online Services
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $2,093 | 800 - 850 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 7259-031-003 | Total Assessment | $2,236,062 |
| Land Assessment | $1,268,598 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $967,464 | Tax Year | 2025 |
Property Taxes
Parcel Number
7259-031-003
Land Assessment
$1,268,598
Improvements Assessment
$967,464
Total Assessment
$2,236,062
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1776 Temple Ave
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