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1381 Temple Ave, Long Beach, CA 90804
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1381 Temple Ave Long Beach, CA 90804

$2,000,000
  • 15 Beds
  • 10 Baths
  • 6,300 Sq.Ft.
For Sale
$2,000,000 Get Pre-Qualified
Map preview of 1381 Temple Ave, Long Beach, CA 90804

Property Overview: 1381 Temple Ave Long Beach, CA has 15 bedrooms, 10 bathrooms, 6,300 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 1381 Temple Avenue is a 5-unit multifamily investment property located in Long Beach, CA. 1381 Temple Avenue features exclusively spacious three-bedroom units averaging approximately 1,260 square feet. The property offers attractive amenities including a shared courtyard and back patio, gated pedestrian access, and 4 single-car garages. Situated in the Zaferia neighborhood of Long Beach, 1381 Temple Avenue’s central Long Beach location provides residents convenient access throughout the city. Residents enjoy walkable access to Orizaba Park, a 3.72-acre public park offering a soccer field, a skate park, a basketball court, and a spacious community center. Additionally, the property is located less than half-a-mile from the Food4Less and Rite Aid anchored Belmont Center, providing residents with easy access to daily necessities. The property’s ideal Long Beach location surrounded by an abundance of recreational and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1381 Temple Avenue.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 13 minutes ago | Last updated: September 3rd, 2024 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Apartment
Status
Active
MLS#
OC24151050
City
Long Beach
County
Los Angeles
Time on Site
57 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $15,814
  • Total Rent: $15,814
  • Pro Forma/Market Rent: $16,475
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.45%
  • Gross Rent Multiplier: 10.41
  • Gross Scheduled Income: $189,768
  • Net Operating Income: $129,038
  • Gross Operating Income: $184,075
  • Vacancy Allowance: $5,693
  • Other Income 1: $2,280
  • Other Income Description: Misc
Annual Expense Breakdown
  • Total Operating Expense: $57,317
  • Electric: $2,125
  • Gas/Fuel: $2,124
  • New Taxes: $24,886
  • Trash: $2,124
  • Insurance: $5,000
  • Maintenance: $4,000
  • Professional Management: $9,318
  • Water/Sewer: $2,124
  • Other Expenses: $5,616
  • Other Expense Description: Misc

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Property Details for 1381 Temple Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 7260026014
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets of Temple Avenue & East 14th Street
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1381 Temple Ave

View property's historical transactions

  • July, 2024

  • Jul 23, 2024

    Date

    Active

    CRMLS: OC24151050

    $2,000,000

    Price

Tax History for 1381 Temple Ave

Assessed Value (2020): $363,112
Year Land Value Improved Value Assessed Value
2020 $57,846 $305,266 $363,112

Home Value Compared to the Market

This property vs the competition

1381 Temple Ave is listed 156.41% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $317.46 per/sqft which puts the price per square foot 50.86% lower than the median price per square foot for the city of Long Beach.

About 1381 Temple Ave

Detailed summary of property

1381 Temple Ave is a apartment located in Long Beach, CA 90804 and is currently for sale. This apartment offers 15 bedrooms, 10 bathrooms, roughly 6,300 living square feet, and sits on an approximately 6,534 square foot lot. 1381 Temple Ave was first listed on ArdentRealEstateGroup.com on July 23, 2024. The homeowner is currently asking $2,000,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 156.41% higher than the median priced home. Local competing homes currently for sale include 3009 E 3rd St, 1817 E 3rd St and 1616 E 4th St. While the average home in Long Beach, CA is selling in 62 days, 1381 Temple Ave has a days on market of 57 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1381 Temple Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1381 Temple Ave

Public county record property details
Beds
15
Baths
10
Year built
1963
Sq. Ft.
6,300
Lot Size
6,514
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
7260-026-014

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$500,000
Median List Price/Sq.Ft.
$622
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
44
Median Sale to List Price %
97.83%
Avg Days on Market
30
Loan Type
Conventional (62.5%), FHA (12.5%), VA (12.5%), Cash (12.5%), Other (0%)

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Long Beach Agent
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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