1135 Raymond Avenue, Long Beach, CA 90804
Local realty services provided by:ERA Carlile Realty Group
1135 Raymond Avenue,Long Beach, CA 90804
$2,169,000
- 16 Beds
- 10 Baths
- 7,128 sq. ft.
- Multi-family
- Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26826345
Source:CRMLS
Price summary
- Price:$2,169,000
- Price per sq. ft.:$304.29
About this home
PRICE REDUCED - HIGHLY COVETED 1980'S CONSTRUCTION - PRICED AT 9.7 GRM AND 7.0% CAP ON MARKET RENTS for 80's construction. 9 units in Long Beach built in 1987, NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). Located in a great location on the East side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. It also features onsite parking for every unit - a rarity in parking impacted Long Beach. The property features an excellent unit mix of 1 and 2 bed units with rents approximately 10% below market. Built in 1987 this property features copper plumbing and modern electrical. Qualified Buyers can obtain a new loan fixed at 6.1% for 5 years, Interest Only. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The City also approved a $38MM revamp of Long Beach Airport in preperation for the 2028 Olympic games....
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Home facts
- Year built:1987
- Listing ID #:26826345
- Added:169 day(s) ago
- Updated:November 12, 2026 at 01:08 PM
Rooms and interior
- Bedrooms:16
- Total bathrooms:10
- Living area:7,128 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1987
- Building area:7,128 sq. ft.
- Lot area:0.15 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,169,000
- Price per sq. ft.:$304.29
Parking
- Total parking spaces:12
- Parking description:Assigned
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