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$ 2,190,000
Est. payment /mo
Price Dropped by $90K
1126 Raymond Avenue Long Beach, CA 90804
2 Beds
2 Baths
6,504 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID SB26099694
Bedrooms 2
Lot Size 6,504 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
8-unit apartment building in Long Beach's highly desirable Eastside/Rose Park submarket, offered at a 6.43% 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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 11th St & Raymond Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7260031004
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Christopher Van Vuuren, DRE#02060007 Lyon Stahl Investment Real Estate, Inc.
Co-listed byCris Molles • The Realestate Group
Co-listed byCris Molles • The Realestate Group