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 5.36% 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 6.65%. 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.
Listed by Erik Ransdell
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License #02077589
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Erik Michael Ransdell, Broker
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714-392-6380
Last updated June 09, 2026
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Source: CRMLS #PW26094866
Listing Facts
TypeMulti-family
NeighborhoodZaferia
Days on Prevu42
Amenities
Dishwasher
Parking
Location
Mortgage Calculator
Listing History
06/09/2026
Price Decreased
$2,450,000
05/04/2026
Listed by Erik Michael Ransdell, Broker
$2,485,000
Property Details for 1776 Temple
Association
Amenities
Community Features: Suburban
Exterior
Construction
Number Of Units Total: 8
Property Attached: Yes
Roof: Shingle
Stories Total: 2
Year Built: 1987
Common Walls: 2+ Common Walls
Construction Materials: Concrete
Entry Level: 1
Entry Location: Street access
Features
Fencing: Good Condition, Security
Road Frontage Type: City Street
View: City Lights
Measurements
Building Area Total: 6,288
Building Area Units: Square Feet
Lot Features: Rectangular Lot
Lot Size Acres: 0.15
Lot Size Area: 6,753
Lot Size Source: Assessor
Lot Size Square Feet: 6,753
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.29
Gross Income: $209,895.00
Operating Expense: $42,515.00
Taxes
Parcel Number: 7259031003
Interior
Features
Appliances: 6 Burner Stove, Convection Oven, Dishwasher, Electric Range, Freezer, Gas Cooktop, Gas Oven, Gas Range, Refrigerator, Water Heater
Flooring: Laminate
Interior Features: Balcony, Bedroom On Main Level, Main Level Primary
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 1776 Temple.
Does this multi-family home have parking?
Yes, there are 12 parking spaces available for 1776 Temple.
How does 1776 Temple compare to other multi-family homes in Zaferia?
This multi-family home is listed 61% above the average price for multi-family homes in Zaferia and has been on the market for 26 less days than the typical home in this area.
1776 Temple is a -bedroom multi-family home for sale in Long Beach CA 90804. On Prevu for 42 days at $2,450,000. This includes a recent price decrease of $35,000. This residence is located in Zaferia. The median listing price for multi-family homes in this area is $799,900. The home offers dishwasher and parking. View other multi-family home listings in Long Beach.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.