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Millman Team Real Estate

$2,385,000
0.16 Acre Lot

1776 Temple, Long Beach, California 90804

  • Residential Income Property Type
  • Carport Cars Garage
  • 1987 Year Built
Property Description

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 5.56% 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 6.98%. 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.

Basic Details
Residential Income
For Sale
PW26094866
$2,385,000
City Lights
1987
0.16 Acre
Active
1
Apartment
: Shingle
Features
: None
: Central
: Attic Fan
: Good Condition, Security
: None
: Carport, Covered, Attached Carport
12.0
: Laminate
: Bedroom on Main Level, Main Level Primary, Balcony
: Common Area
: Public Sewer
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Water Available, Natural Gas Available
$0
Appliances
: Dishwasher, Gas Oven, Gas Range, Gas Cooktop, Refrigerator, Water Heater, Electric Range, 6 Burner Stove, Freezer, Convection Oven
Address Map
CA
Los Angeles
Long Beach
90804
Temple
1776
W119° 50' 29.1''
N33° 47' 21.9''
Pacific Coast Hwy & Temple Ave
3 - Eastside, Circle Area
Additional Information
$0
$0
$0
$0
$0
: Parking, No Stairs
6288
: Suburban
: Concrete
Standard
1
: Rectangular Lot
8
2026-05-04
2450000
2
Broker/Agent Information
Erik Michael Ransdell, Broker
Erik Ransdell
Listing Information
PWRANSERI
PB21622
Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA
Active
2026-08-17T19:36:48Z
CRMLS
: Standard
2026-05-04T00:30:21Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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