6-Unit Apartment
New
For Sale
$1,365,000
724 Temple, Long Beach, CA 90804
A varied apartment mix is complemented by on-site laundry and updates to building systems and unit interiors.
Property Size2,916 SF
Lot Size0.14 Acres
Days on Market7
Property Features for 724 Temple
General Information
Standard status
Active
Size
2,916 SF
Total Parking Spaces
7
Lot size
0.14 Acres
Property subtype
Investment
Site & Location
Neighborhood
Rose Park
Units
Unit Mix
5 x 1BR, 1 x 2BR/1BA
Multifamily Units
6
Amenities
on-site laundry
Building Details
Building Size
2,916 SF
Year Built
1952
Buildings
1
Stories
1
Units
6
Listing Agency:
Stepp Commercial
Listed By:
Robert Stepp · License #01456379
(310) 774-3740
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 28 at 9:10AM
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 Stepp Commercial
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Investment Insights
Based on property information with market context.
At 724 Temple Avenue, this single-story apartment property contains six homes: five one-bedroom units and one two-bedroom, one-bathroom unit. Constructed in 1952, the building occupies an approximately 6,132-square-foot lot and has seven on-site parking spaces. Improvements include an updated electrical panel, copper plumbing, a replacement water heater, vinyl plank flooring in every unit, and refreshed exterior paint. Laundry is available on site.
The property is in Long Beach’s Rose Park neighborhood, near the East 4th Street corridor. Residents have access to neighborhood restaurants, cafés, retail, and everyday services, with Downtown Long Beach, California State University, Long Beach, and coastal amenities also identified in the surrounding area.
The property is in Long Beach’s Rose Park neighborhood, near the East 4th Street corridor. Residents have access to neighborhood restaurants, cafés, retail, and everyday services, with Downtown Long Beach, California State University, Long Beach, and coastal amenities also identified in the surrounding area.
Key Highlights
- Six apartments: five one‑bedroom units and one two‑bedroom, one‑bathroom unit
- Approximately 6,132‑square‑foot lot
- Seven on‑site parking spaces and on‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,764
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,280
$1.1M
Cap Rate 7%
$796,629
$796.6K
Cap Rate 9%
$619,600
$619.6K
Market Conditions
NOI Build-Up for 2,916 SF
Gross rent
$106.7K $36.60/SF
− Vacancy
−$5.3K −$1.83/SF
EGI
$101.4K $34.77/SF
− OpEx
−$45.6K −$15.65/SF
NOI
$55.8K $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%
$1,115,280
Cap Rate 7%
$796,629
Cap Rate 9%
$619,600
Alternative Uses
Best Use
Apartment 5plus
$796.6K
$697.1K – $929.4K
NOI $55,764 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,285 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,626
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied apartment mix is complemented by on-site laundry and updates to building systems and unit interiors.
Where is this apartment building located?
The property is located at 724 Temple Long Beach, CA.
What is the asking price?
The asking price for this property is $1,365,000.
What are key features of this property?
This property features: Six apartments: five one‑bedroom units and one two‑bedroom, one‑bathroom unit; Approximately 6,132‑square‑foot lot; Seven on‑site parking spaces and on‑site laundry
