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1120 Raymond Avenue, Long Beach, CA 90804

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For Sale

$1,350,000

9 beds • 3 baths • 3 half baths • 3,720 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

Map and Directions

Directions to 1120 Raymond Avenue, Long Beach, CA 90804

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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