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This property shines with a substantial value-add forgrowth! There is room to flourish with this investment, andsome of the ways include completion of interior renovations(4 of 8 near complete) with a very realistic upside. Thisapartment building has a lot of growthopportunities! Temple Avenue in Long Beach, California.This 8-unit apartment building is in the highly desirablerental area of Bluff Heights Historic District! Built in 1973,this is a SWEET location where the community meets smallbusinesses in a neighborhood setting. Just steps away fromrestaurants, cafes, and unique small businesses. Onlyblocks to the beach with expansive walking and bike paths.The area is a dream! Close enough to Downtown LBfestivities and 2nd Street, but far enough to have a sense ofneighbors and peace with a work-life balance feeling. It isa rare opportunity to acquire an asset with an attractivecurrent cap rate estimated at 5.6 and a GRM of 13.5.
Last Updated | 8/6/2024 | Tract | Bluff Park (BLF) |
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Year Built | 1973 | Community | Belmont Heights, Alamitos Heights |
Garage Spaces | 4.0 | County | Los Angeles |
Additional Details
APPLIANCES | Disposal, Gas Range, Water Heater |
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AREA | Belmont Heights, Alamitos Heights |
GARAGE | Assigned, Garage, Yes |
HEAT | Wall Furnace |
LOT | 7235 sq ft |
LOT DESCRIPTION | 6-10 Units/Acre |
PARKING | Assigned,Garage |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
SUBDIVISION | Bluff Park (BLF) |
UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected |
VIEW DESCRIPTION | None |
WATER | Public |
ZONING | LBR2A |
Location
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