Long Beach, CA 90804 1381 Temple Avenue
$2,000,000
6 more
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; [email protected]
Beds • 15
Baths • 2
SQFT • 6,300
Garage • 4
Home Details
1381 Temple Avenue is a 5-unit multifamily investment property located in Long Beach, CA. 1381 Temple Avenue features exclusively spacious three-bedroom units averaging approximately 1,260 square feet. The property offers attractive amenities including a shared courtyard and back patio, gated pedestrian access, and 4 single-car garages. Situated in the Zaferia neighborhood of Long Beach, 1381 Temple Avenue’s central Long Beach location provides residents convenient access throughout the city. Residents enjoy walkable access to Orizaba Park, a 3.72-acre public park offering a soccer field, a skate park, a basketball court, and a spacious community center. Additionally, the property is located less than half-a-mile from the Food4Less and Rite Aid anchored Belmont Center, providing residents with easy access to daily necessities. The property’s ideal Long Beach location surrounded by an abundance of recreational and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1381 Temple Avenue.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; [email protected]
Interior Features for 1381 Temple Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1381 Temple Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.45
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
Days on Market66
DirectionsCross Streets of Temple Avenue & East 14th Street
Electric Expense2125.0
Electric On Property Y/NNo
Entry LocationFirst Level
Fuel Expense2124.0
Garage Spaces4.0
Garage Y/NYes
Gross Income192048.0
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense5000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6534.0
Lot Size UnitsAcres
MLS Area699 - Not Defined
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income129038.0
New ConstructionNo
NumberOfUnitsTotal5
Operating Expense57317.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot14
Taxes$24,886
TermsCash, CashtoNewLoan, Item1031Exchange
Trash Expense2124.0
View Y/NNo
Water Sewer Expense2124.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningLBR2N
Exterior for 1381 Temple Avenue
Building Area Total6300.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.15
Lot Size Area0.15
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters0
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480