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Long Beach, CA 90804 1215 Temple Avenue

$1,950,000

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Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916
  • MLS# PW23165957
  • 09/05/2023
  • Request Tour
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  • BedBeds • 10
  • BathBaths • 7
  • FootageSQFT • 4,712
  • GarageGarage • 5

Home Details

1215 Temple Avenue is a 7-unit apartment asset in Long Beach, California. The property is offered at 11.34 GRM and 5.96% 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.
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916

Interior Features for 1215 Temple Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 1215 Temple Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.96
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market205
DirectionsE Anaheim St & Obispo Ave
Electric Expense342.0
Entry Location1
Fuel Expense998.0
Garage Spaces5.0
Garage Y/NYes
Gross Income166762.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4700.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet6995.0
MLS Area3 - Eastside, Circle Area
MaintenanceExpense4900.0
MobileHomeRemainsYNNo
Net Operating Income116127.0
New ConstructionNo
Open Parking Spaces1.0
Operating Expense50635.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameTemple
Subdivision NameEastside (ES)
Tax Lot16
Taxes$24,405
Total Units7
Trash Expense0.0
View Y/NNo
Water Sewer Expense1952.0
Waterfront Y/NNo
Year Built1984
Year Built SourceOther
ZoningLBR2N

Exterior for 1215 Temple Avenue

Building Area Total4712.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.1606
Lot Size Area6995.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,950,000
MLS#PW23165957
List Date 09/05/2023
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors