Apartment Building with
For Sale
$2,385,000
1776 Temple, Long Beach, CA 90804
Eight residences offer a consistent two-bedroom, two-bathroom layout and assigned carport parking.
Property Size6,288 SF
Price / SF$379.29
Days on Market177
Property Features for 1776 Temple
General Information
Standard status
Active
Size
6,288 SF
Property subtype
Apartment
Site & Location
Neighborhood
Zaferia
Units
Unit Mix
8 x 2BR/2BA
Multifamily Units
8
Additional Details
Cap Rate
5.56%
Tenant in Place
Yes
Amenities
private balconies
assigned carport parking
on-site laundry
Building Details
Building Size
6,288 SF
Year Built
1987
Listing Agency:
Coldwell Banker Global Luxury
Listed By:
DiTolla Real Estate
(949) 228-7263
Source:
Ditollarealestate
Added: May 4
Changed: Oct 26
Last Checked: Oct 26 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Global Luxury
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Investment Insights
Based on property information with market context.
Built in 1987, this Long Beach apartment property contains eight units, each with two bedrooms, two bathrooms, and a private balcony. On-site laundry, assigned carport spaces, and additional surface parking serve the residents. The property also generates ancillary income from the surface parking.
The property is near California State University, Long Beach, the VA Hospital, the Traffic Circle, and 4th Street Retro Row. Its address is 1776 Temple, Long Beach, CA 90804.
The property is near California State University, Long Beach, the VA Hospital, the Traffic Circle, and 4th Street Retro Row. Its address is 1776 Temple, Long Beach, CA 90804.
Key Highlights
- Eight apartment units, each with two bedrooms and two bathrooms
- Built in 1987
- Private balconies at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,249
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,404,980
$2.4M
Cap Rate 7%
$1,717,843
$1.7M
Cap Rate 9%
$1,336,100
$1.3M
Market Conditions
NOI Build-Up for 6,288 SF
Gross rent
$230.1K $36.60/SF
− Vacancy
−$11.5K −$1.83/SF
EGI
$218.6K $34.77/SF
− OpEx
−$98.4K −$15.65/SF
NOI
$120.2K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,404,980
Cap Rate 7%
$1,717,843
Cap Rate 9%
$1,336,100
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,249 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,660 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
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Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight residences offer a consistent two-bedroom, two-bathroom layout and assigned carport parking.
Where is this apartment building located?
The property is located at 1776 Temple Long Beach, CA.
What is the asking price?
The asking price for this property is $2,385,000.
What are key features of this property?
This property features: Eight apartment units, each with two bedrooms and two bathrooms; Built in 1987; Private balconies at each residence
