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716 Raymond Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
16 Units
Investment Highlights
- 16-Unit apartment building in Long Beach’s Rose Park neighborhood offered at a 5.88 Percent cap rate on current rents
- Assumable financing available
- Potential to convert garages to adu’s (buyer to verify)
- Mix of 14 studios and two one-bedroom/one-bath units
- Property features on-site laundry and six single-car garages; both amenities generate additional income
- Electrical has been recently updated
Property Facts
| No. Units | 16 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 6,426 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | ||
| Zoning | CNR - Neighborhood Commercial and Residential District | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 6,426 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | CNR - Neighborhood Commercial and Residential District |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Lawn
- Office
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
| 1+1 | 2 | - | - |
Property Taxes
| Parcel Number | 7262-021-013 | Improvements Assessment | $729,807 |
| Land Assessment | $828,655 | Total Assessment | $1,558,462 |
Property Taxes
Parcel Number
7262-021-013
Land Assessment
$828,655
Improvements Assessment
$729,807
Total Assessment
$1,558,462
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