Sold for $1,825,000

Listed by: Keller Williams - Santa Monica • Robert Stepp • Contact: 310-774-3740

Bought with: The Agency

Tax assessed value

$1,825,000

1215 Temple Ave, Long Beach, CA 90804

10beds

11baths

4,712sqft

Mixed Use

Built in 1984

-- sqft lot

$-- Zestimate^®

$387/sqft

$3,003 Estimated rent

Home value

Not available

Estimated sales range

Not available

$3,003/mo

Zestimate^® history

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$11,752/mo

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$11,752/mo

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 11

Appliances

Laundry: Inside

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 4,712
Total interior livable area: 4,712 sqft

Property

Parking

Total spaces: 6
Parking features: Garage
Garage spaces: 5
Uncovered spaces: 1

Features

Entry location: 1
Pool features: None

Lot

Size: 6,995 Square Feet
Features: 6-10 Units/Acre

Details

Parcel number: 7260027015
Zoning: LBR2N
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

New construction: No
Year built: 1984

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks
Subdivision: Eastside (Es)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $387/sqft
Tax assessed value: $1,825,000
Annual tax amount: $24,647
Date on market: 9/5/2023
Cumulative days on market: 386 days
Listing terms: Cash,Cash to New Loan,1031 Exchange

Price history

Date	Event	Price
12/12/2024	Listing removed	$2,095
Source: Zillow Rentals Report a problem
12/6/2024	Listed for rent	$2,095-25%
Source: Zillow Rentals Report a problem
10/18/2024	Sold	$1,825,000+30.4%$387/sqft
Source: CRMLS #PW23165957 Report a problem
12/26/2019	Listing removed	$2,795$1/sqft
Source: Entourage Property Management Report a problem
12/7/2019	Price change	$2,795-15.2%$1/sqft
Source: Zillow Rental Manager Report a problem
11/5/2019	Price change	$3,295-5.7%$1/sqft
Source: Zillow Rental Manager Report a problem
10/2/2019	Price change	$3,495+75.2%$1/sqft
Source: Zillow Rental Manager Report a problem
7/30/2019	Listed for rent	$1,995
Source: Owner Report a problem
5/22/2018	Sold	$1,400,000+107.4%$297/sqft
Source: Public Record Report a problem
5/2/2003	Sold	$675,000$143/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$24,647 +18.6%	$1,825,000 +16.6%
2024	$20,786 +1.7%	$1,564,523 +2%
2023	$20,431 +6.5%	$1,533,902 +2%
2022	$19,184 +2.1%	$1,503,881 +2%
2021	$18,790 +0.3%	$1,474,449 +1%
2020	$18,742	$1,459,360 +2%
2019	$18,742 +63.1%	$1,430,800 +66%
2018	$11,489	$861,990 +2.3%
2017	$11,489 +1.1%	$842,344 +2%
2016	$11,368 +7.6%	$825,829 +1.5%
2015	$10,568 +4.5%	$813,426 +2%
2014	$10,115	$797,493 +4.5%
2011	--	$763,065 +0.5%
2009	--	$759,164 +2%
2008	--	$744,279 +2%
2007	--	$729,686 +2%
2006	--	$715,379
2005	--	$715,379 +4%
2004	--	$687,602 +142.6%
2003	--	$283,453