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1128 Temple, Long Beach, CA 90804

Long Beach
Local realty services provided by:CENTURY 21 LOTUS
1128 Temple,Long Beach, CA 90804
$2,500,000
  • - Beds
  • - Baths
  • 7,647 sq. ft.
  • Multi-family
  • Active
Listed by: robert stepp, todd hawke
Office: keller williams realty downey562-334-1500
MLS#:PW26236589
Source:CRMLS

Price summary

  • Price:$2,500,000
  • Price per sq. ft.:$326.93

About this home

1128 Temple Avenue is an eight-unit multifamily investment opportunity located in Long Beach, California. Built in 1987, the three-story property features 100% spacious two-bedroom/two-bathroom residences averaging approximately 956 square feet. Four of the eight units offer private balconies, while additional amenities include 13 secure parking spaces and individually metered gas and electricity, providing desirable resident conveniences and operational efficiencies. Offered at $2,500,000, the property presents a compelling value proposition with pricing metrics that compare favorably to recent sales. The projected 6.55% capitalization rate exceeds the comparable average of 5.95%, while the 9.80 gross rent multiplier is notably below the 12.02 comparable average. These metrics underscore the property's attractive relative valuation and competitive income potential. Currently operated as student housing with rental income generated on a per-bed basis, the property is being...

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Home facts

  • Year built:1987
  • Subdivision & Development:Eastside (ES)
  • Listing ID #:PW26236589
  • Added:1 day(s) ago
  • Updated:November 05, 2026 at 12:00 PM

Rooms and interior

  • Living area:7,647 sq. ft.

Structure and exterior

  • Year built:1987
  • Building area:7,647 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,500,000
  • Price per sq. ft.:$326.93

Parking

  • Total parking spaces:13
  • Garage:Yes
  • Garage spaces:13
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