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1120 Raymond Avenue, Long Beach, CA 90804

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For Sale

$1,350,000

9 beds3 baths3 half baths3,720 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $362.90
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Incredible investment opportunity in Eastside Long Beach! This well-maintained triplex features three spacious townhome-style units, each offering 3 bedrooms and 1.5 bathrooms with private entrances and a functional two-story layout perfect long-term tenants. Totaling approximately 3,720 sq ft of living space on a 5,201 sq ft lot, the property includes ample parking in the rear and low-maintenance landscaping. Two units are currently rented to Section 8 tenants, with both units having recently passed inspections. Rents are currently below market, offering significant upside potential for increased income. Each unit is separately metered for gas and electricity. Zoned LBR2N, this property is ideal for the savvy investor looking to own a stable asset with value-add potential in a rapidly growing rental market. Conveniently located near schools, parks, transportation, and just minutes from the beach and downtown Long Beach.
MLS# PW25113398

Courtesy Of Coldwell Banker Coastal Alliance

(562) 494-4600

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Home seller CENTURY 21 Masters

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

Mortgage Calculator

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Monthly Payment Breakdown

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  • Property Taxes
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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