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1215 Temple Avenue

1215 Temple Avenue,Long Beach, CA 90804

7

Unit

$2,050,000

Price

Property Details

Price Per Unit

$292,857

Price per SF

$435

Current Cap Rate

5.61%

Market Cap Rate

7.04%

Current GRM

11.92

Market GRM

10.06

1215 Temple Avenue

1215 Temple Avenue,Long Beach, CA 90804

$2,050,000

Price

Property Details

Price per SF

$435

Price Per Unit

$292,857

Price per SF

$435

Current Cap Rate

5.61%

Market Cap Rate

7.04%

Unit

7

Current GRM

11.92

Market GRM

10.06

Description

1215 Temple Avenue is a 7-unit apartment asset in Long Beach, California. The property is offered at 11.92 GRM and 5.61% cap rate on current rents.
The property is comprised of one 4BD / 3BA townhouse-style unit; two 2BD / 2BA units; two 1BD / 1BA units; two studios. Studio units feature private yards.
Six of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers.
There are five garages and one surface parking spot. The garages offer the opportunity for ADU conversion to capture additional rental income.

Highlights

  • Priced at 11.92 GRM / 5.61% Cap Rate on Current Rents
  • 6 Units Fully Renovated
  • Beautiful 4BD / 3BD Townhouse Unit
  • Studio Units Feature Private Yards
  • 5 Garages Offer the Opportunity for ADU Conversion
  • 1980’S Construction on Front Building

Map

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