$1,650,000
1134 Raymond, Long Beach CA 90804
Multi-Family (7 Units)
Property type
16 days
On market
$304
Price per sqft
4 cars
Garage
1959
Year built
6,506 sqft
Lot size
Open Houses
Overview
Located in the highly desirable Eastside submarket of Long Beach, 1134 Raymond Avenue presents a rare opportunity to acquire a well-maintained seven-unit multifamily asset. Built in 1959, the two-story property offers investors a stable and attractive apartment community with significant upside potential. The property features an excellent unit mix consisting of four...
Listing provided by: Perry Karn DRE #01963224, Southland Property Group
Listing updated: Jun 3, 2026 at 11:43pm.
Last checked: Jun 4, 2026 at 12:00am
Source: CRMLS #PW26108527
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,360 | $1,510 | $2,100 | Unfurnished |
| 1 | 2 | 1 | — | $1,938 | $2,013 | $2,100 | Unfurnished |
| 1 | 2 | 1 | — | $1,636 | $1,736 | $2,100 | Unfurnished |
| 1 | 1 | 1 | — | $1,850 | $1,850 | $1,850 | Unfurnished |
| 1 | 1 | 1 | — | $1,650 | $1,650 | $1,800 | Unfurnished |
| 1 | 1 | 1 | — | $1,600 | $1,675 | $1,800 | Unfurnished |
| 1 | 1 | 1 | — | $1,340 | $1,340 | $1,800 | Unfurnished |
# of Buildings: 1
# of Units Total: 7
Separate Electric Meters: 7
Separate Gas Meters: 7
Separate Water Meters: 1
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
11.7x
List Price / Annual Gross Rent
Cap Rate
7.27%
NOI / List Price
Gross Scheduled Income: $141,288
Operating Expense: $21,281
Net Operating Income: $120,007
Annual Operating Expenses
Insurance: $12,581
Professional Management: $4,356
Trash: $300
Water / Sewer: $4,044
Interior
Laundry: Common Area
Entry Location: Side - South
Exterior
Property Attached: No
Stories Total: 2
Common Walls: No Common Walls
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: None
Utilities: Sewer Not Available
Garage and Parking
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7260031008
Additional Parcels: No
Tax Lot: 21
Subdivision: Downtown (DT)
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1134 Raymond, Long Beach, CA 90804. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,320,000
Total Interest
$1,683,587
Total Payment
$3,003,587
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,212
per month
Property History for 1134 Raymond
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90804.
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