| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 57th | Good |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 689 Temple Ave, Long Beach, CA, 90814, US |
| Region / Metro | Long Beach |
| Year of Construction | 1987 |
| Units | 25 |
| Transaction Date | 2003-02-14 |
| Transaction Price | $2,800,000 |
| Buyer | RUDOLPH DEWEY |
| Seller | TEMPLE PLAZA ASSOCIATES LLC |
Prime Investment Opportunity in Growing Market
Discover potential returns in an established neighborhood with strong fundamentals and emerging growth indicators.
This established residential area offers investors a balanced profile of stability and growth potential. The neighborhood features mature infrastructure, established community amenities, and convenient access to transportation corridors. Recent development activity suggests increasing market interest, while the area maintains its residential character and appeal to diverse tenant demographics.
The area maintains community safety standards typical of established residential neighborhoods. Local law enforcement presence and community engagement contribute to a stable environment that supports property values and tenant retention. Investors should conduct standard due diligence regarding specific safety metrics and trends relevant to their investment timeline.
The local employment landscape includes a mix of service sector businesses, retail establishments, and professional services that provide diverse job opportunities for residents. The area benefits from proximity to regional employment centers and transportation networks that connect to broader economic hubs. This employment diversity may support stable rental demand across various income levels.
Investment fundamentals include established infrastructure, diverse housing stock, and proximity to amenities that appeal to long-term residents. The area's maturity provides stability while showing indicators of continued interest from both residents and developers. Potential investors should evaluate current market conditions, rental yields, and long-term development plans when considering opportunities in this market.