Residential Income - 1126 Raymond Avenue, Long Beach, CA

$2,280,000

1126 Raymond Avenue, Long Beach, CA

1126 Raymond Avenue, Long Beach, CA 90804 - $2,280,000 · Multi-Family Home for Sale, photo 3

1126 Raymond Avenue, Long Beach, CA 90804 - $2,280,000 · Multi-Family Home for Sale, photo 4

1126 Raymond Avenue, Long Beach, CA 90804 - $2,280,000 · Multi-Family Home for Sale, photo 5

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Description

8-unit apartment building in Long Beach's highly desirable Eastside/Rose Park submarket, offered at a 6.13% current cap rate. Built in 1987, the property features an all 2-bed/2-bath unit mix, a rare configuration in Long Beach's small multifamily market, with private balconies, dishwashers, and individual water heaters in every unit. Upstairs units feature 11+ ft vaulted ceilings. Fully occupied with stable in-place income and rent upside under AB 1482. 12 on-site garage spaces (1.5/unit), on-site laundry, new roof and exterior paint in 2025, and separately metered gas and electricity. Post-1980 vintage insulates buyers from costly retrofit exposure common in the city's older stock. Minutes from Retro Row, Belmont Shore, and the 405/605/22 freeways.

Property details

Year built

1987

Property type

Residential Income

Lot size

6,504 sqft

Location

1126 Raymond Avenue • Long Beach, CA 90804

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Listed by

Christopher Van Vuuren · Lyon Stahl Investment Real Estate, Inc.

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Closed sales reported in 90804, nearest first, last 12 months. All recent sales in Long Beach →

Sale history for 1126 Raymond Avenue →