Apartment for sale in Southern California — $2,450,000. 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 wi…
$2,450,000
1776 Temple, Long Beach, CA 90804
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 5.36% 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 6.65%. 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.
Listing updated: June 9, 2026 at 11:08 AM
Listed by: Erik Ransdell, Erik Michael Ransdell, Broker
Source: CRMLS, MLS#: PW26094866, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/09/2026 Source: CRMLS, #PW26094866 | Price change | $2,450,000-1.4% |
| 5/04/2026Source: CRMLS, #PW26094866 | Listed for sale | $2,485,000 |
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