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245 Temple Avenue
USD 3,085,000
Property ID: SB24139203
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245 Temple Avenue ,90803
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icon 7235 SqFt
icon Built in 1973
icon USD 426/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
6078
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1973
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Detailed Introduction Of This Home
245 Temple Avenue in Long Beach is located in the highly desirable rental area of the Historic Bluff Heights neighborhood! Built in 1973, this is a SWEET 8-unit building! Where the community meets small businesses in a neighborhood setting. Just steps away from restaurants, cafes, and unique small businesses, plus just a couple blocks to the beach and expansive walking/ bike paths. The area is a dream! Close enough to Downtown LB festivities and 2nd Street, but far enough to have a sense of neighbors and peace that this area provides! There is a work-life balance feeling on Temple. It is a rare opportunity to acquire an asset with an attractive current cap rate estimated at 5.25% and a GRM of 14.4. This property shines with a substantial value-add for growth with the potential to have 6%+ cap rate by 2025. There is room to flourish with this investment, and some of the ways include completion of interior renovations (4 of 4 near complete) with a very realistic upside. Don’t forget the Olympics are coming to town, and this apartment building is in the RIGHT spot to get to all the activities! This apartment building has a lot of growth opportunities!
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
1 of 18
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Photos (18)
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245 Temple Avenue
USD 3,085,000 0 Beds
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