Bought with Jonathan Swire • The Agency
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1215 Temple Avenue Long Beach, CA 90804
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Key Details
Sold Price $1,825,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,712 sqft
Price per Sqft $387
MLS Listing ID CRPW23165957
Sold Date 10/18/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1984
Lot Size 6,995 Sqft
Property Description
1215 Temple Avenue is a 7-unit apartment asset in Long Beach, California. The property is offered at 11.17 GRM and 6.00% 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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Inside
Building
Water Public
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