1135 Raymond Avenue, Long Beach, CA 90804

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1135 Raymond Avenue,Long Beach, CA 90804
$2,289,000
  • 16 Beds
  • 10 Baths
  • 7,128 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26826345
Source:CRMLS

Price summary

  • Price:$2,289,000
  • Price per sq. ft.:$321.13

About this home

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 5.40% for 5 years, Interest Only. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land...

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Home facts

  • Year built:1987
  • Listing ID #:26826345
  • Added:91 day(s) ago
  • Updated:August 26, 2026 at 11:03 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:10
  • Living area:7,128 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1987
  • Building area:7,128 sq. ft.
  • Lot area:0.15 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,289,000
  • Price per sq. ft.:$321.13

Parking

  • Total parking spaces:12
  • Parking description:Assigned
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