Home | Los Angeles County | Long Beach | 90804 | 1128 Temple
MLS: CRPW26236589 | Status: | Price: $2,500,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,502 | 1987 |
1128 Temple Avenue is an eight-unit multifamily investment opportunity located in Long Beach, California. Built in 1987, the three-story property features 100% spacious two-bedroom/two-bathroom residences averaging approximately 956 square feet. Four of the eight units offer private balconies, while additional amenities include 13 secure parking spaces and individually metered gas and electricity, providing desirable resident conveniences and operational efficiencies. Offered at $2,500,000, the property presents a compelling value proposition with pricing metrics that compare favorably to recent sales. The projected 6.55% capitalization rate exceeds the comparable average of 5.95%, while the 9.80 gross rent multiplier is notably below the 12.02 comparable average. These metrics underscore the property's attractive relative valuation and competitive income potential. Currently operated as student housing with rental income generated on a per-bed basis, the property is being marketed as a conventional market-rate multifamily investment. The pro forma reflects a transition to traditional per-unit leasing, with conservatively projected monthly rents of $2,495 per unit, approximately 2% below the surveyed comparable average of $2,547. This measured underwriting approach provides inv
| Field | Value |
|---|---|
| MLS # | CRPW26236589 |
| MLS Source | California Regional MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 13 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Robert Stepp | Todd Hawke |
| Keller Williams Realty Downey | |
| License #: 01456379 | License #: 01376219 |
| Phone: (310) 774-3740 | Phone: (562) 209-7783 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Willard Elementary School | public | K-5 | 0.16 mi | 3 |
| Lee Elementary School | public | K-5 | 0.43 mi | 6 |
| Jefferson Leadership Academies School | public | 6-8 | 0.67 mi | 7 |
| Burbank Elementary School | public | K-5 | 0.67 mi | 7 |
| Bryant Elementary School | public | K-5 | 0.79 mi | 6 |
| Whittier Elementary School | public | K-5 | 0.96 mi | 5 |
| Jessie Nelson Academy | public | 6-8 | 1.01 mi | 3 |
| Mann Elementary School | public | K-5 | 1.03 mi | 7 |
| Lincoln Elementary School | public | K-5 | 1.06 mi | 7 |
| Wilson High School | public | 9-12 | 1.06 mi | 6 |
| Alvarado Elementary School | public | K-5 | 1.07 mi | 9 |
| Fremont Elementary School | public | K-5 | 1.07 mi | 8 |
| Richard D. Browning High | public | 9-12 | 1.08 mi | 5 |
| Franklin Classical Middle School | public | 6-8 | 1.18 mi | 4 |
| Robinson Academy | public | K-8 | 1.22 mi | 5 |
| Washington Middle School | public | 6-8 | 1.22 mi | 4 |
| Signal Hill Elementary School | public | K-5 | 1.44 mi | 8 |
| Polytechnic High School | public | 9-12 | 1.47 mi | 7 |
| Stevenson Elementary School | public | K-5 | 1.55 mi | 5 |
| Roosevelt Elementary School | public | K-5 | 1.60 mi | 5 |
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This listing information is up-to-date as of November 03, 2026. For the most current information, please contact Robert Stepp, (310) 774-3740.