1381 Temple Avenue

Long Beach, CA 90804

$1,800,000
Last Sold Price
3
Beds
10
Baths
6,300 Sq. Ft.
$286 / Sq. Ft.
6,300
Sq. Ft.
$286
per Sq. Ft.

Description

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...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.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

Property Details for 1381 Temple Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
6300
Assessor Parcel Number
7260-026-014
Property Attached YN
false
LISTING UPDATED: 12/13/2024 08:01 AM

Property Details for 1381 Temple Avenue

StatusClosed
MLS #OC24151050
Days on Market106
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyLos Angeles County

Building Information for 1381 Temple Avenue

Building/Complex1381 Temple AveFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-

Property Information for 1381 Temple Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $192,048
  • Gross Scheduled Income: $189,768
  • Vacancy Allowance: 5693
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $184,075
  • Net Operating Income: $127,013
  • Other Income Description: Misc
  • Other Income 1: $2,280
  • Gross Multiplier: 9.5
  • Cap Rate: 6.96
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $59,342
  • Operating Expense Percent: 31.80%
  • New Taxes Expense: $22,634
  • Fuel Expense: $2,124
  • Electric Expense: $2,125
  • Insurance Expense: $7,500
  • Maintenance Expense: $5,000
  • Professional Management Expense: $9,318
  • Other Expense: $6,393
  • Other Expense Description: Misc
  • Trash Expense: $2,124
  • Water Sewer Expense: $2,124
  • Total Expenses: $59,342
Tax / Assessment Info
  • Tax Tract Number: 575102
  • Tax Census Tract: 5751.02
  • CFD/Mello-Roos Fee: $1,243
  • Tax Lot: 14
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First Level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $15,814
  • Unit Type Total Rent: $15,814
  • Unit Type Pro Forma: 16475
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1

Property History for 1381 Temple Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1381 Temple Avenue

Taxable ValueLand$1,020,000Additions$959,500Total$1,979,500
Tax Record2024$25,793 ($2,149 / month)
Home Facts
Total Finished SqFt6,300 SqFtAbove Grade Finished SqFt6,300 SqFtLot Size6,514 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLBR2NCountyLOS ANGELESAPN7260-026-014

Schools near 1381 Temple Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lee Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Richard D. Browning High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.