245 Temple Avenue, Long Beach CA, 90803

Active

245 Temple Avenue

Long Beach CA, 90803

$2,875,000

$473.02 per sqft

Active

6,078 sqft

Condo

Built in 1973

Listed by Tamas Batyi with Compass [email protected]

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.

SB24162123

MLSⓇ ID

August 6, 2024

Listed

August 30, 2024

Updated

Map

245 Temple Avenue
Long Beach CA, 90803

Interior Features

Total Stories: 2
Appliances: Disposal, Gas Range, Water Heater
Laundry Description: Common Area
Floor Description: Vinyl
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.17 Acres
Lot Features: 6-10 Units/Acre
Roof: Shingle
Sewer: Public Sewer

Other Property Details

Area Name: 2 - Belmont Heights, Alamitos Heights
Days on Market: 1
Garage: Yes
Garage Spaces: 4
Parking: Assigned, Garage
Parking Total: 12
View: No
View Description: None
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LBR2A

Listing Contact: 310-241-3038

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/30/2024 at 8:08 PM UTC