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Listed by: Jonathan Swire (310) 948-2631 DRE #01336277 | The Agency (424) 230-3700
$2,289,000
16 Beds
10 Baths
7,128sqft
1135 Raymond Ave, Long Beach, CA 90804
$2,289,000
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Multi Family
Built in 1987
$-- HOA
6,495 sqft lot
$321/sq.ft
Description
HIGHLY COVETED 1980'S CONSTRUCTION - PRICED AT 10.3 GRM AND 6.6% CAP ON MARKET RENTS. 9 units in Long Beach built in 1987, NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). Located in a great location on the East side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. It also features onsite parking for every unit - a rarity in parking impacted Long Beach. The property features an excellent unit mix of 1 and 2 bed units with rents approximately 10% below market. Buil...
Continue Reading- Houzeo last checked: 44 minutes ago
- Listing updated: July 6, 2026 at 5:43 pm
- Source: California Regional MLS-CA | MLS#: 26826345
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1987
HOA Fees
-
Finished Area
7,128 sqft
Lot Size
6,495 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26826345
MLS Status
Active
Days on Market
56
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