Property Description
First time on the market since 1973, these 8 garden-style two-story walkup apartment units are located in the highly desirable area of Bluff Heights at 245 Temple Avenue in Long Beach, California. This asset is situated adjacent to 2nd Street near shopping, restaurants, entertainment & excellent employment opportunities. 245 Temple Avenue offers the rare opportunity to acquire an asset with an attractive current cap rate that still provides substantial value-add through the completion of an interior renovation and realistic rental upside. The property has a Walk Score of 92 and a Bike Score of 90 making it a walker’s and Biker’s Paradise.
Features
: None
: Wall Furnace
: Garage, Assigned
: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected, Sewer Connected, Phone Connected
: Public Sewer
: Common Area
: Vinyl
$0
Appliances
: Disposal, Gas Range, Water Heater
Address Map
CA
Los Angeles
Long Beach
Bluff Park (BLF)
90803
Temple
245
Avenue
W119° 50' 26.6''
N33° 45' 58.8''
LBR2A
2 - Belmont Heights, Alamitos Heights
Head E on East Broadway and take a right onto Temple Ave. Property will be on your left.
Neighborhood
Neighborhood
MLS Addon
Mark Bridge, Broker
Mark Bridge
$0
$0
$0
$0
$0
$0
Additional Information
: Public
2
2
2024-05-03
8
: 6-10 Units/Acre
: Two
4.0
1
: Sidewalks, Suburban, Curbs, Street Lights, Storm Drain(s)
6077
Listing Information
SBRIDMA2
OC08174
Cash,Cash to New Loan
Active
2024-05-03T16:44:31Z
CRMLS
: Standard
2024-05-03T09:32:14Z
Residential Income For Sale
245 Temple Avenue, Long Beach, California 90803
0.22 Acre
$3,295,000
Listing ID #OC24085405
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : OC24085405
Price : $3,295,000
View : None
Year Built : 1973
Lot Area : 0.22 Acre
Status : Active
Property Attached Yn : 1
Property Sub Type : Mixed Use
Roof : Shingle
