$2,320,000
1126 Raymond Avenue, Long Beach CA 90804
Multi-Family (8 Units)
Property type
29 days
On market
$366
Price per sqft
12 cars
Garage
1987
Year built
6,504 sqft
Lot size
Open Houses
Overview
8-unit apartment building in Long Beach's highly desirable Eastside/Rose Park submarket, offered at a 6.00% current cap rate. Built in 1987, the property features an all 2-bed/2-bath unit mix, a rare configuration in Long Beach's small multifamily market, with private balconies, dishwashers, and individual water heaters in every unit. Upstairs units feature 11+ ft vaulted...
Listing provided by: Christopher Van Vuuren DRE #02060007 424-220-8960, Lyon Stahl Investment Real Estate, Inc., Cris Molles DRE #01345419, The Realestate Group
Listing updated: May 7, 2026 at 06:46pm.
Last checked: Jun 4, 2026 at 11:30am
Source: CRMLS #SB26099694
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 8 | 2 | 2 | — | $2,190 | $17,520 | $19,160 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: No
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
11.0x
List Price / Annual Gross Rent
Cap Rate
6%
NOI / List Price
Gross Scheduled Income: $211,740
Vacancy Allowance: $6,307
Operating Expense: $66,196
Net Operating Income: $139,237
Annual Operating Expenses
Electric: $2,083
Fuel: $2,083
Insurance: $6,348
Professional Management: $10,272
Trash: $2,083
Water / Sewer: $2,083
Interior
Laundry: Common Area
Entry Location: Walkup
Exterior
Property Attached: No
Stories Total: 2
Common Walls: No Common Walls
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 12
Parking Total: 12
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7260031004
Additional Parcels: No
Tax Lot: 17
Subdivision: Eastside (ES)
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 1126 Raymond Avenue, Long Beach, CA 90804. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,856,000
Total Interest
$2,367,226
Total Payment
$4,223,226
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$14,298
per month
Property History for 1126 Raymond Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90804.
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