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$2,195,000

1135 Raymond Avenue

Long Beach, CA 90804

Active

Beds

Baths

7,128

Sq. Ft.

1987

Year Built

Los Angeles

County

ResidentialIncome

Property Type

About this home

PRICE REDUCED - HIGHLY COVETED 1980'S CONSTRUCTION - PRICED AT 9.8 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.

Listed by Jonathan Swire · DRE #01336277 · The Agency

MLS #1169846583

ListedApr 28, 2026

Property Details

Architecture

Stories2

StyleN/A

Total Units8

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingNone

HeatingWall Furnace

FireplaceN/A

LaundryN/A

Parking FeaturesAssigned

Parking Total12

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.15 ac

Lot FeaturesN/A

ViewN/A

Directions9 Units in Long Beach built in 1987.

Community

Area3 - Eastside, Circle Area

School DistrictN/A

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$11,683/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 8:00 PM

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