245 Temple Avenue, Long Beach, CA 90803 | MLS SB24139203 | Listing Information | Nestfully
Listing Agent: Tamas Batyi - Compass, [email protected]
FOR SALE
$3,085,000

245 Temple Avenue
Long Beach, CA 90803

6,078
Sq. Ft.
0.1661
Acres Lot
Apartment
13 days on Nestfully 0 views
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 5.25 and a GRM of 14.45.
SB24139203
Apartment
2 Story
1973
Los Angeles
0.1661 Acres
Public Water
2
Public Sewer
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Listing Agent: Tamas Batyi - Compass, [email protected]
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