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Listed price in listed location currency (USD).
$2,600,000

161012

MLS® 26826345

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 7128 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1987
Avg. Price Per Sqft $364
MLS® Number 26826345

Property Address: 1135 Raymond Ave, Long Beach, CA, 90804-3585

Average square foot calculated using Size range provided by listing agent.

Description

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 8.0% 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 5.05% 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.
MLS® Number26826345
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1987
Basement
DrivewayAssigned
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 26, 2026List Date
$2,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
1135 Raymond Ave, Long Beach, CA

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