About 1776 Temple
Pleased to present 1776 Temple Avenue, an 8-unit multifamily investment located in the highly desirable Eastside Long Beach submarket. Built in 1987 and configured exclusively as spacious 2-bedroom/2-bathroom units with private balconies, the property offers an investor a rare combination of strong in-place cash flow at a 5.56% cap rate and meaningful rental upside as units turn — with comparable 2BR/2BA market rents in the Zaferia submarket supporting a stabilized cap rate of 6.98%. The property features assigned carport parking, on-site laundry, and additional surface parking that contributes to ancillary income. Positioned just minutes from CSULB, the VA Hospital, the Traffic Circle, and 4th Street Retro Row, 1776 Temple Avenue benefits from one of the deepest and most consistent rental demand pockets in coastal Los Angeles County. This offering presents a compelling opportunity to acquire a stabilized, well-located coastal multifamily asset with a clear path to enhanced returns through organic rent growth and operational optimization.
Features of 1776 Temple
| MLS® # | PW26094866 |
|---|---|
| Price | $2,385,000 |
| Bedrooms | 16 |
| Bathrooms | 16.00 |
| Acres | 0.16 |
| Year Built | 1987 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 1776 Temple |
|---|---|
| Area | 3 - Eastside, Circle Area |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90804 |
Amenities
| Utilities | Electricity Available, Electricity Connected, Natural Gas Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Natural Gas Connected |
|---|---|
| Parking Spaces | 12 |
| Parking | Carport, Attached Carport, Covered |
| Garages | Carport, Attached Carport, Covered |
| View | City Lights |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Laminate |
|---|---|
| Interior Features | Balcony, Bedroom on Main Level, Main Level Primary |
| Appliances | Dishwasher, Electric Range, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Water Heater, Convection Oven, Freezer, SixBurnerStove |
| Heating | Central |
| Cooling | Attic Fan |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
Exterior
| Exterior | Concrete |
|---|---|
| Lot Description | Rectangular Lot |
| Roof | Shingle |
| Construction | Concrete |
Additional Information
| Date Listed | April 24th, 2026 |
|---|---|
| Days on Market | 130 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Erik Ransdell |
|---|---|
| Office | Erik Michael Ransdell, Broker |