245 Temple Avenue

This property shines with a substantial value-add for
growth! There is room to flourish with this investment, and
some of the ways include completion of interior renovations
(4 of 8 near complete) with a very realistic upside. This
apartment building has a lot of growth
opportunities! Temple Avenue in Long Beach, California.
This 8-unit apartment building is in the highly desirable
rental area of Bluff Heights Historic District! Built in 1973,
this is a SWEET location where the community meets small
businesses in a neighborhood setting. Just steps away from
restaurants, cafes, and unique small businesses. Only
blocks to the beach with expansive walking and 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 with a work-life balance feeling. It is
a rare opportunity to acquire an asset with an attractive
current cap rate estimated at 5.6 and a GRM of 13.5.