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Marissa Buss & Danny Lampert

marissabussre@gmail.com +1(818) 515-7131

Listed by Erik Ransdell • Erik Michael Ransdell, Broker

$ 2,385,000

Est. payment | -/mo

6,288 SqFt

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$ 2,385,000

Est. payment | -/mo

Save

6,288 SqFt

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,288 sqft

Price per Sqft $379

MLS Listing ID PW-26094866

Year Built 1987

Lot Size 6,753 Sqft

Property Sub-Type Apartment

Source California Regional Multiple Listing Service (CRMLS)

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 5.56% 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 6.98%. 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, Attic Fan

Heating Central

Flooring Laminate

Fireplaces Type None

Laundry Common Area

Exterior

Parking Features Attached Carport, Carport, Covered

Pool None

Community Features Suburban

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

View Y/N Yes

View City Lights

Building

Lot Description Lot 6500-9999, Rectangular Lot

Sewer Public Sewer

Nearby Locations

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Marissa Buss & Danny Lampert

Lic# 01770909 | 01834114

marissabussre@gmail.com

+1(818) 515-7131

2475 Townsgate Rd Ste. 160, Westlake Village, CA 91361

1776 Temple Long Beach, CA 90804

Marissa Buss & Danny Lampert

Key Details

Location

Interior

Exterior

Building

Nearby Locations

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1776 Temple