245 Temple Avenue,
Home For Sale
This property shines with a substantial value-add for growth! There is room to flourish with this investment, and some of the ways include completion of interior renovations (4 of 8 near complete) with a very realistic upside. This apartment building has a lot of growth opportunities! Temple Avenue in Long Beach, California. This 8-unit apartment building is in the highly desirable rental area of Bluff Heights Historic District! Built in 1973, this is a SWEET location where the community meets small businesses in a neighborhood setting. Just steps away from restaurants, cafes, and unique small businesses. Only blocks to the beach with expansive walking and bike paths. The area is a dream! Close enough to Downtown LB festivities and 2nd Street, but far enough to have a sense of neighbors and peace with a work-life balance feeling. It is a rare opportunity to acquire an asset with an attractive current cap rate estimated at 5.5 and a GRM of 13.84.
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90803
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- MLS® #:
- SB24139203
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- Bedrooms:
- 8
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- Lot Size:
- 0.17
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- Neighborhood:
- LONG BEACH (90803)
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Listing information last updated on August 4th, 2024 at 3:30am PDT.