$ 1,650,000
-
$1,650,000
Price -
10
Bed -
7
Bath -
5,429
SqFt
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About the Listing PB20771 - PWKARNPE
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.
Listing Highlights
Status
Pending
Days on Site
13
Property Type
Multi-Family
MLS ®
PW26108527
Year Built
1959
Total Square Footage
5,429
Lot/Acreage
0.15
Interior Details
- Bedrooms: 10
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 6-10 Units/Acre,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof:
- Others: 2+ Total Units
- Sewer: None
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7260031008
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
1134 Raymond Long Beach, CA 90804
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