1135 Raymond Avenue
Long Beach, CA 90804
16
Bed
0
Bath
7,128Sqft
6,495Sqft(Lot)
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. Built in 1987 this property features copper plumbing and modern electrical. Qualified Buyers can obtain a new loan fixed at
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 16Bathroom Information
Total Baths: 10 -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Cooling: None
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Building Information
Year Built: 1987Building Area Total: 7128Stories: 2Private Pool: No
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Lot Information
Lot Dimensions: 50x130 Main Square Feet: 6495 Lot Size Acres: 0.1491 Lot Size Square Feet: 6,495
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Listing Price Information
Listing Price: $2289000Original Price: $2600000
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Tax Information
Parcel Number: 7260032018
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Virtual Tour
Parking Information
Parking Total: 12 Assigned
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Location Information
Direction: 9 Units in Long Beach built in 1987.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 764 Terraine Avenue, Long Beach, CA, 90804 | $1,600,000 | 5 | 3 | 2,914 | 2,914 SqFt |
| 1350 Quincy Avenue, Long Beach, CA, 90804 | $1,030,000 | 3 | 1 | 1,218 | 1,218 SqFt |
| 1203 Ximeno, Long Beach, CA, 90804 | $2,745,000 | -- | -- | 5,700 | 5,700 SqFt |
| 1345 Termino, Long Beach, CA, 90804 | $850,000 | 2 | 1 | 596 | 596 SqFt |
| 810 Belmont Avenue, Long Beach, CA, 90804 | $1,995,000 | 10 | 7 | -- | |
| 927 Belmont Avenue, Long Beach, CA, 90804 | $2,000,000 | 3 | 2 | -- | |
| 1062 Termino Avenue, Long Beach, CA, 90804 | $1,150,000 | 6 | 5 | -- | |
| 4037 E 7th Street, Long Beach, CA, 90804 | $779,000 | 2 | 1 | 832 | 832 SqFt |
| 1652 Loma Avenue, Long Beach, CA, 90804 | $749,000 | 2 | 1 | 960 | 960 SqFt |
| 3301 Terrace Ridge, Long Beach, CA, 90804 | $1,149,999 | 4 | 3 | 2,301 | 2,301 SqFt |
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ByOwner last updated this listing 07/24/2026 @ 20:20
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