245 Temple Avenue Long Beach, CA $ 3,295,000
245 Temple Avenue
$ 3,295,000
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245 Temple Avenue

Long Beach, CA, 90803
$ 3,295,000
Bedrooms4 Baths2.0 Sq 6,077

Monthly Estimate*

$ 21,900

Listed by Mark Bridge, Broker
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Multi-Family Home for sale in Long Beach, CA

for $3,295,000 with 4 bedrooms and 2 full baths. This 6,077 square foot home was built in 1973 on a lot size of 0.22.

8 garden-style apartment units located in the highly desirable area of Bluff Heights at 245 Temple Avenue in Long Beach, California. This asset is situated near 2nd Street near shopping, restaurants, entertainment & excellent employment opportunities. Built in 1973. 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.

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Multi-Family Active

Price

$ 3,295,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.22

Year Built

1973

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

OC24085405

Days on Market

20

Features
General
Sewer PublicSewer
Heating WallFurnace
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Shingle
Appliances Disposal GasRange WaterHeater
Zoning LBR2A
Garage Spaces 4.0
Pool Features None
Year Built 1973
Tenant Pays Electricity Gas
View None
Stories 2
Levels Two
Property SubType MixedUse
Gross Income 212244.0
Community Features Curbs StormDrains StreetLights Suburban Sidewalks
County Los Angeles
Net Operating Income 152301.0
Operating Expense 55952.0
Insurance Expense 5400.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Bluff Park (BLF)
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Head E on East Broadway and take a right onto Temple Ave. Property will be on your left.
City Long Beach
Entry Location First
View Y/N N
Senior Community Y/N N
Open Parking Spaces 8.0
Total Units 8
MLS Area 2 - Belmont Heights Alamitos Heights
Lot Size Square Feet 9583.2
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 8
Street Name Temple
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 1483.0
Home Warranty Y/N N
Current Financing None
Fuel Expense 1000.0
Trash Expense 1380.0
Water Sewer Expense 2000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 19
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 7263
Total Actual Rent 209544.0
Property Sub Type Additional MixedUse
Taxes 35989.0
Cap Rate 4.62
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Interior
Flooring Vinyl
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features Assigned Garage
Lot Features Item610UnitsAcre
Water Source Public
Total Parking 12.0
Lot Size Area 0.22
Number of Buildings 1
Spa N
Building Area Total 6077.0
Lot Size Acres 0.22
Lot Size Units Acres
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 9
Number of Separate Electric Meters 9
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 245
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* Excluded Features
List By
Mark Bridge, Broker

Broker

(949) 372-4888

Phone

Affordability Calculator

$21,900
Per Month
100%
0%
0%
Monthly Principal & Interest
$21,900
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/3/2024$3,295,000 Listed Price

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245 Temple Avenue, Long Beach, CA, 90803 is a Multi-Family Home for sale at $3,295,000 with 6,077 sqft and a lot size of 0.22. 245 Temple Avenue has 4 bedrooms, 2.0 baths, and was built in 1973. The property's zip code is 90803 which is in Long Beach, CA