1126 Raymond Avenue, Long Beach, CA 90804
List Price: $2.28M
Listing Status: Active
Original List Price: $2.32M
0Days on Market: 61
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1987
Lot Size: 6,504 sq ft
Garage Spaces: 12
Private Pool: Yes
MLS Number: SB26099694
About This Property
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.
Listing provided by: Christopher Van Vuuren DRE #02060007 310-425-9838 Chris@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS #: SB26099694
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.