245 Temple Avenue in Long Beach, California, is in the highly desirable rental area of Bluff Heights! Built in 1973, this is a SWEET 8-unit building! Where the community meets small businesses in a neighborhood setting. Just steps away from restaurants, cafes, and unique small businesses, plus just a couple blocks to the beach and expansive walking/ 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 that this area provides! There is a work-life balance feeling on Temple. It is a rare opportunity to acquire an asset with an attractive current cap rate estimated at 4.9 and a GRM of 14.8. 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 4 near complete) with a very realistic upside. Don’t forget the Olympics are coming to town, and this apartment building is in the RIGHT spot to get to all the activities! This apartment building has a lot of growth opportunities! 2 – 2-bedroom two bath 2 – 2-bedroom one bath 4 – 1 bedroom, one bath 4 – garages and five parking spaces plus! Trust-owned and family-managed. We will update the information as soon as it is available. The professional photography is by Snap Real Estate Media.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
