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1135 Raymond Avenue, Long Beach, CA 90804

Long Beach
Local realty services provided by:CENTURY 21 Valley Properties
1135 Raymond Avenue,Long Beach, CA 90804
$2,195,000
  • 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:$2,195,000
  • Price per sq. ft.:$307.94

About this home

PRICE REDUCED - HIGHLY COVETED 1980'S CONSTRUCTION - PRICED AT 9.8 GRM AND 7.0% CAP ON MARKET RENTS for 80's construction. 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 6.1% for 5 years, Interest Only. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a...

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Home facts

  • Year built:1987
  • Listing ID #:26826345
  • Added:152 day(s) ago
  • Updated:October 26, 2026 at 11:14 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:$2,195,000
  • Price per sq. ft.:$307.94

Parking

  • Total parking spaces:12
  • Parking description:Assigned
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Anthony Guetzoian

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