$1,825,000
$1,825,000
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6,995 Sqft Lot
SOLD DATE : 10/18/2024
Key Details
Sold Price $1,825,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW23165957
Sold Date 10/18/24
HOA Y/N No
Year Built 1984
Lot Size 6,995 Sqft
Property Description
1215 Temple Avenue is a 7-unit apartment asset in Long Beach, California. The property is offered at 11.17 GRM and 6.00% cap rate on current rents. The property is comprised of one 4BD / 3BA townhouse-style unit; two 2BD / 2BA units; two 1BD / 1BA units; two studios. Studio units feature private yards. Six of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are five garages and one surface parking spot. The garages offer the opportunity for ADU conversion to capture additional rental income.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7260027015
Energy Description 998.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jonathan Swire • The Agency