Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
76 Total Sales
1215 Temple Ave Long Beach, CA 90804
Rose Park NeighborhoodEstimated Value: $1,908,567 - $1,927,000
7
Beds
7
Baths
4,712
Sq Ft
$407/Sq Ft
Est. Value
About This Home
As of October 20241215 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.
Last Agent to Sell the Property
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 09/05/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 6,995 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 1 Open Parking Space
- 5 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 4,712 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 3382
- Assessor Parcel Number 7260027015
- $1,302 per year additional tax assessments
Community Details
Overview
- 7 Units
- Eastside Subdivision
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $342
- Fuel Expense $998
- Gardener Expense $1,200
- Insurance Expense $4,700
- Maintenance Expense $4,900
- Other Expense $2,100
- Pest Control $900
- Professional Management Expense $8,227
- Water Sewer Expense $1,952
- New Taxes Expense $24,698
- Operating Expense $50,817
- Gross Income $164,531
- Net Operating Income $113,715
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 21, 2025
Sold by
Villalon Alberto
Bought by
1215 Temple Apts Llc
Current Estimated Value
Purchase Details
Closed on
Jan 10, 2025
Sold by
Villalon Alberto
Bought by
Alberto Villalon Revocable Trust and Villalon
Purchase Details
Listed on
Sep 5, 2023
Closed on
Nov 22, 2024
Sold by
1215 Temple Apts Llc
Bought by
Villalon Alberto
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$2,200,000
Sold Price
$1,825,000
Premium/Discount to List
-$375,000
-17.05%
Views
61
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%
Purchase Details
Listed on
Sep 5, 2023
Closed on
Aug 23, 2024
Sold by
Wsc Investment Partners Llc
Bought by
1215 Temple Apts Llc
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$2,200,000
Sold Price
$1,825,000
Premium/Discount to List
-$375,000
-17.05%
Views
61
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 18, 2018
Sold by
Stanton Dean and Stanton Bernadette
Bought by
Wsc Investment Partners Llc
Purchase Details
Closed on
Feb 19, 2003
Sold by
Heil Joseph R and Joseph R Heil Revocable Living
Bought by
Stanton Dean and Stanton Bernadette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
5.72%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 28, 1998
Sold by
Heil Joseph R
Bought by
Heil Joseph R and Joseph R Heil Revocable Living
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1215 Temple Apts Llc | -- | None Listed On Document | |
| Villalon Alberto | -- | None Listed On Document | |
| Alberto Villalon Revocable Trust | -- | None Listed On Document | |
| Villalon Alberto | -- | None Listed On Document | |
| Villalon Alberto | -- | None Listed On Document | |
| 1215 Temple Apts Llc | $1,825,000 | Chicago Title Company | |
| Wsc Investment Partners Llc | $1,400,000 | Lawyers Title | |
| Stanton Dean | $675,000 | Commerce | |
| Heil Joseph R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 1215 Temple Apts Llc | $1,000,000 | |
| Previous Owner | Stanton Dean | $416,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/18/2024 10/18/24 | Sold | $1,825,000 | 0.0% | $387 / Sq Ft |
| 09/25/2024 09/25/24 | Pending | -- | -- | -- |
| 06/10/2024 06/10/24 | Price Changed | $1,825,000 | -5.2% | $387 / Sq Ft |
| 05/17/2024 05/17/24 | Price Changed | $1,925,000 | -1.3% | $409 / Sq Ft |
| 03/28/2024 03/28/24 | Price Changed | $1,950,000 | -2.3% | $414 / Sq Ft |
| 02/16/2024 02/16/24 | Price Changed | $1,995,000 | -2.7% | $423 / Sq Ft |
| 11/06/2023 11/06/23 | Price Changed | $2,050,000 | -6.8% | $435 / Sq Ft |
| 09/05/2023 09/05/23 | For Sale | $2,200,000 | -- | $467 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $20,786 | $1,825,000 | $575,000 | $1,250,000 |
| 2024 | $20,786 | $1,561,723 | $892,413 | $669,310 |
| 2023 | $20,431 | $1,531,102 | $874,915 | $656,187 |
| 2022 | $19,184 | $1,501,081 | $857,760 | $643,321 |
| 2021 | $18,790 | $1,471,649 | $840,942 | $630,707 |
| 2019 | $18,522 | $1,430,800 | $816,000 | $614,800 |
| 2018 | $11,489 | $861,990 | $350,038 | $511,952 |
| 2016 | $10,568 | $825,829 | $336,447 | $489,382 |
| 2015 | $10,157 | $813,426 | $331,394 | $482,032 |
| 2014 | $10,115 | $797,493 | $324,903 | $472,590 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Jon Swire
Buyer Co-Listing Agent in 2024
Jon Swire
The Agency
(310) 948-2631
2 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23165957
APN: 7260-027-015
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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