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1135 Raymond Ave 9 Unit Apartment Building For Sale 5.40% Cap Rate Long Beach, CA 90804
Investment Highlights
- Rare 1987 built property in Long Beach - NOT subject to local rent control.
- Excellent unit mix of 1 and 2 bedrooms.
- Modern electrical and plumbing - Buyer to verify.
- Onsite parking for all units.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Executive Summary
9 units in Long Beach 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 5.4% for 5 years, Interest Only. Contact Loan Broker to find out more - David Guevara - dguevara@momentacg.com.
The property offers prospective Buyer's the following amenities:
Excellent unit mix of 1 and 2 bed units.
Modern plumbing and electrical.
Onsite parking for all units.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
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 5.4% for 5 years, Interest Only. Contact Loan Broker to find out more - David Guevara - dguevara@momentacg.com.
The property offers prospective Buyer's the following amenities:
Excellent unit mix of 1 and 2 bed units.
Modern plumbing and electrical.
Onsite parking for all units.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$204,000
|
$28.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$204,000
|
$28.62
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $204,000 |
| Annual Per SF | $28.62 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $204,000 |
| Annual Per SF | $28.62 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.40% | Building Size | 7,128 SF |
| Gross Rent Multiplier | 11.8 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1987/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R2N, Long Beach | ||
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,128 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2019 |
| Parking Ratio | 1.33/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2N, Long Beach |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 6 | - | - |
| 2+2 | 1 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7260-032-018 | Improvements Assessment | $1,749,832 |
| Land Assessment | $874,915 | Total Assessment | $2,624,747 |
Property Taxes
Parcel Number
7260-032-018
Land Assessment
$874,915
Improvements Assessment
$1,749,832
Total Assessment
$2,624,747
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1135 Raymond Ave
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