245 Temple Avenue
Long Beach, CA 90803
0.17 acres | #SB24162123
Description
This property shines with a substantial value-add for
growth! There is room to flourish with this investment, and
some of the ways include completion of interior renovations
(4 of 8 near complete) with a very realistic upside. This
apartment building has a lot of growth
opportunities! Temple Avenue in Long Beach, California.
This 8-unit apartment building is in the highly desirable
rental area of Bluff Heights Historic District! Built in 1973,
this is a SWEET location where the community meets small
businesses in a neighborhood setting. Just steps away from
restaurants, cafes, and unique small businesses. Only
blocks to the beach with expansive walking and bike paths.
The area is a dream! Close enough to Downtown LB
festivities and 2nd Street, but far enough to have a sense of
neighbors and peace with a work-life balance feeling. It is
a rare opportunity to acquire an asset with an attractive
current cap rate estimated at 5.6 and a GRM of 13.5.
Property Details
- Lot DescriptionItem610UnitsAcre
- Stories2
Measurements
- Acres0.1661
Parking
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1973
Utilities / Energy Details
- Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionBluff Park (BLF)
Location
- CountyLos Angeles
Financial Details
- Original List Price$2,875,000
Other
- MLS #SB24162123
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Tamas Batyi (#SBBATYTAM)
Listing Office: Compass (#SB1350760)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
