1126 Raymond Avenue

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.

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Listing courtesy of Lyon Stahl Investment Real Estate, Inc.

Listing data from CRMLS. Deemed reliable but not guaranteed.

Asking Price

$2,280,000

Est. Monthly Payment

$14,569/mo

20% down · 6.5% rate · 30yr

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Listing Agent

Christopher Van Vuuren

Lyon Stahl Investment Real Estate, Inc.