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32273353
32273352

1776 Temple Ave, Long Beach, CA 90804 For Sale

ER
CA CA 02077589
Strands Realty Group
Strands Realty Group
JL
CA 02230679
Strands Realty Group
Listed by Strands Realty Group
$2,485,000
78 days on market
Updated 78 days ago

1776 Temple Ave

Details
Property Type Multifamily
Square Footage 6,288
Net Rentable (SqFt) 6,288
Units 8
Cap Rate 5.29%
NOI $131,409
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.65%
Pro-Forma NOI $165,340
Class C
Year Built 1987
Buildings 1
Acreage 0.160
Zoning R4
Parking Spaces 12 spaces
Parking per 1,000 SqFt 1.91
Investment Type Value Add
Ownership Fee Simple

Multifamily | 5.29% CAP | 8 Units

Marketing description

Long Beach is the seventh-largest city in California and the second-largest in the Greater Los Angeles area, with a population of approximately 460,000 residents. Strategically positioned along the Pacific Coast and connected to the 405, 710, 605, and 91 freeways, Long Beach serves as a critical economic gateway between Orange County, the South Bay, and the broader Los Angeles basin.

The local economy is anchored by the Port of Long Beach — the second-busiest container port in the United States — alongside a robust mix of aerospace, healthcare, education, and a fast-growing creative and tech sector. Major employers including Boeing, Molina Healthcare, the Long Beach Memorial Medical Center, the VA Healthcare System, and California State University Long Beach drive consistent demand for rental housing across every submarket.

Long Beach offers tenants a rare combination of coastal lifestyle, urban walkability, and relative affordability versus West LA and coastal Orange County. From Belmont Shore and Bluff Park to Bixby Knolls and Downtown, the city's diverse neighborhoods appeal to a broad tenant base of young professionals, families, and lifestyle renters — supporting consistent occupancy and steady rent growth.

For investors, Long Beach represents one of Southern California's most reliable multifamily submarkets — a coastal market with deep tenant demand, strong long-term fundamentals, and a clear pathway for value-add appreciation as legacy assets are repositioned to capture rising market rents.

Investment highlights

  • All 2-Bed / 2-Bath Unit Mix
  • Private Balconies for Every Unit
  • Over $200K Invested Into Property Updates
  • 5.29% Current Cap / 6.65% Market Cap
  • 12 Carport Parking Spaces
  • Strong Eastside Long Beach Location

Listing Contacts

ER
CA CA 02077589
Strands Realty Group
Strands Realty Group
JL
CA 02230679
Strands Realty Group
Listed by Strands Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,409.00
$10,950.75/mo

Valuation Metrics

0
DSCR
5.29%
Cap Rate
5.29%
ROI

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Additional Information

Name
Erik Ransdell
License
CA 02077589
Brokerage Phone
7143926380
Title
CA
Name
Anthony Annunziata
License
02165622
Brokerage
Strands Realty Group
Brokerage Phone
6319218158
Brokerage Address
2942 Century Place
Name
Jimmy Leach
License
02230679
Brokerage Phone
714.713.2265
Brokerage Address
2942 Century Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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