1776 Temple Ave
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
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