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Listed by Christopher Van Vuuren, DRE #02060007 • Lyon Stahl Investment Real Estate, Inc.
$ 2,280,000
Est. payment /mo
Price Dropped by $40K
1126 Raymond AVE Long Beach, CA 90804
6,504 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26099694
Year Built 1987
Lot Size 6,504 Sqft
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Laundry Laundry Area
Exterior
Garage Spaces 12.0
Pool None
Building
Water District - Public
Others
Tax ID 7260031004
Special Listing Condition Not Applicable
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