1126 Raymond Avenue, Long Beach, CA 90804
- $2,280,000
- List Price
- $2,280,000
- Price Change
- ▼ $40,000 1783464081
- Status
- ACTIVE
- MLS#
- SB26099694
- Year Built
- 1987
- Lot Size
- 6,504
- Acres
- 0.15
- Lot Location
- Rectangular Lot
- Days on Market
- 81
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- Eastside (Es)
Property 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.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 12
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $211,740
- Operating Expense
- 65688
Listing courtesy of Listing Agent: Christopher Van Vuuren (Chris@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Mortgage Calculator
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