28
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$1,650,000
Est. payment /mo
6,507 Sqft Lot
New
1134 Raymond Long Beach, CA 90804
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW26108527
HOA Y/N No
Year Built 1959
Lot Size 6,507 Sqft
Property Sub-Type Mixed Use
Property Description
Located in the highly desirable Eastside submarket of Long Beach, 1134 Raymond Avenue presents a rare opportunity to acquire a well-maintained seven-unit multifamily asset. Built in 1959, the two-story property offers investors a stable and attractive apartment community with significant upside potential.
The property features an excellent unit mix consisting of four one-bedroom/one-bath units and three two-bedroom/one-bath units. The units and overall property have been meticulously maintained. Additional amenities include four single-car garages, an income-generating on-site laundry facility, and a charming outdoor common area for tenant enjoyment.
Operational efficiency is enhanced by separate gas and electric metering for all units, helping minimize ownership expenses. With below-market rents and strong rental demand in Eastside Long Beach, investors have the opportunity to achieve immediate rental upside and long-term appreciation.
Investment Highlights
-Prime Eastside Long Beach Location
-True Value-Add Opportunity with Immediate Rental Upside
-Excellent Unit Mix: 4 One-Bedroom Units & 3 Two-Bedroom Units
-Well-Maintained Property and Units
-Separately Metered for Gas & Electricity
-Income-Generating On-Site Laundry Room
-Four Single-Car Garages
-Attractive Outdoor Common Area for Tenants
1134 Raymond Avenue represents an exceptional opportunity for investors seeking a stable multifamily asset with strong in-place fundamentals and future income growth potential in one of Southern California's most sought-after rental markets.
The property features an excellent unit mix consisting of four one-bedroom/one-bath units and three two-bedroom/one-bath units. The units and overall property have been meticulously maintained. Additional amenities include four single-car garages, an income-generating on-site laundry facility, and a charming outdoor common area for tenant enjoyment.
Operational efficiency is enhanced by separate gas and electric metering for all units, helping minimize ownership expenses. With below-market rents and strong rental demand in Eastside Long Beach, investors have the opportunity to achieve immediate rental upside and long-term appreciation.
Investment Highlights
-Prime Eastside Long Beach Location
-True Value-Add Opportunity with Immediate Rental Upside
-Excellent Unit Mix: 4 One-Bedroom Units & 3 Two-Bedroom Units
-Well-Maintained Property and Units
-Separately Metered for Gas & Electricity
-Income-Generating On-Site Laundry Room
-Four Single-Car Garages
-Attractive Outdoor Common Area for Tenants
1134 Raymond Avenue represents an exceptional opportunity for investors seeking a stable multifamily asset with strong in-place fundamentals and future income growth potential in one of Southern California's most sought-after rental markets.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Utilities Available Sewer Not Available
Total Parking Spaces 4
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer None
Water Public
New Construction No
Others
Senior Community No
Tax ID 7260031008
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Perry Karn Southland Property Group 562-519-0099, DRE #01963224
NEARBY SCHOOL & BUSINESS
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