1135 RAYMOND Avenue $2,379,000


    1135 RAYMOND Avenue Long Beach, CA 90804

    • 16 Beds
    • 10 Baths
    • 7,128 sq.ft.
    • MultiFamily
    • MLS# 20541030
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    Views: 0 Days On Market: 11

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    Property Details

    9 units located on the East Side of Long Beach. All units have been heavily remodeled and the building is well maintained and professionally managed with well qualified tenants. The property was built in 1987 and all units feature stone countertops and dishwashers. Additionally, there is onsite, gated parking for each tenant as well as onsite laundry. The upper units feature vaulted ceilings and all units have private balconies. 12 secured parking spaces onsite. Seller has spent over $200K updating the units and building. Rental upside to 12.5X GRM and a 5.4% CAP. Contact Listing Agent for a complete package.

    • General Features
      • Net Operating Income 122000.00
      • Year Built 1987
      • County Los Angeles
      • Area Eastside, Circle Area (3)
      • Total Units in Complex 9
      • Special Conditions Standard Sale
      • Senior Community No
      • Adjusted Gross Income 177000.00
      • Total Annual Expense 55000.00
      • Gross Operating Imcome 177000.00
    • Building Features
      • Heating Type Wall Gas
      • Appliances Dishwasher
    • Room Features
      • Unit 1 Bedrooms 1
      • Unit 1 Bathrooms 1.0
    • Property Features
      • ParkingSpacesTotal 12
      • Lot Size Sq Ft 6,493
      • Parking Features Controlled Entrance



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    Market Last 30 Days

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    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $2,379,000
    1/7/2020 10:17:00 AM New in Database Source

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