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724 Temple, Long Beach, CA 90804

$1,355,000
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  • —

    bed

  • —

    bath

Multi-family for sale 17 days
$10K price drop

About 724 Temple

Property type Multi-family
Neighborhood
Year built 1952
HOA fee $0/month
Lot size 6,132 Sqft
Movoto estimate
Rental estimate
Property description
724 Temple Avenue is a six-unit apartment building located in the desirable Rose Park neighborhood of Long Beach. The property features five one-bedroom units and one two-bedroom/one-bathroom unit. Built in 1952, this single-story apartment building sits on an approximately 6,132-square-foot lot and offers seven on-site parking spaces, on-site laundry, and numerous capital improvements. Recent improvements include an updated electrical panel, copper plumbing, a new water heater, vinyl plank flooring throughout all units, and fresh exterior paint. The property's location in Rose Park offers residents convenient access to Long Beach's established residential neighborhoods, local restaurants, cafés, neighborhood retail, and everyday amenities. Situated near the East 4th Street corridor, residents can enjoy the area's popular dining and shopping destinations while benefiting from convenient access to Downtown Long Beach, California State University, Long Beach, and the coastal amenities that make the city an attractive place to live. The surrounding area combines neighborhood charm with urban convenience, supporting demand from renters seeking an accessible Long Beach location. With its functional unit mix, seven on-site parking spaces, on-site laundry, recent capital improvements, and potential for rental growth, 724 Temple Avenue presents an attractive opportunity for investors seeking a multifamily asset in an established Long Beach neighborhood. Note: The property is not located within the Rose Park Historic District.
Listed by
Listing Agent - Robert Stepp
Listing Agent Contact: 310-463-2916
Listing Office - Keller Williams Realty Downey
Source: CRMLS mls logo
MLS#PW26228215 • last updated 5 days ago
Movoto checked CRMLS for data 5 minutes ago
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Overview
Type Residential Income
SubType Commercial/Residential
Status Active
Lot Size (Acres) 0.1408
Lot Size (SqFt) 6132
Year Built 1952
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 2916
# Uncovered Spaces 7
# Parking Spaces 7
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Subdivision Rose Park, Other (OTHR)
Neighborhood Rose Park
Directions E 7th St
APN 7258017019
Multifamily Details
Expense: Trash 938
Operating Expense 42358
Cap Rate 6.13
Expense: Insurance 5500
Total Expenses 42358
Expense: Maintenance 3600
Expense: Water/ Sewer 938
Gross Income 125456
Expense: Electric 938
Gross Multiplier 10.48
Gross Scheduled Income 129336
Expense: Fuel 938
Expense: Gardener 1200
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Source: GreatSchools.org © 2026. All rights reserved.

Around Rose Park

Explore everything this neighborhood has to offer. Learn more about Rose Park.
83/100
Walk
65/100
Family
90/100
Dining
96/100
Pet
  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90804
  • Rose Park
  • 724 Temple

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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