Millman Team Real Estate

$1,650,000
0.15 Acre Lot

1134 Raymond, Long Beach, California 90804

  • Residential Income Property Type
  • 1959 Year Built
Property Description

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 one-bedroom/one-bath units and three two-bedroom/one-bath units. The units and overall property have been meticulously maintained. Additional amenities include four single-car garages, an income-generating on-site laundry facility, and a charming outdoor common area for tenant enjoyment.

Operational efficiency is enhanced by separate gas and electric metering for all units, helping minimize ownership expenses. With below-market rents and strong rental demand in Eastside Long Beach, investors have the opportunity to achieve immediate rental upside and long-term appreciation.

Investment Highlights

-Prime Eastside Long Beach Location

-True Value-Add Opportunity with Immediate Rental Upside

-Excellent Unit Mix: 4 One-Bedroom Units & 3 Two-Bedroom Units

-Well-Maintained Property and Units

-Separately Metered for Gas & Electricity

-Income-Generating On-Site Laundry Room

-Four Single-Car Garages

-Attractive Outdoor Common Area for Tenants

1134 Raymond Avenue represents an exceptional opportunity for investors seeking a stable multifamily asset with strong in-place fundamentals and future income growth potential in one of Southern California’s most sought-after rental markets.

Basic Details
Residential Income
For Sale
PW26108527
$1,650,000
1959
0.15 Acre
Active
Mixed Use
Features
: None
: Common Area
: None
: Sewer Not Available
$0
Address Map
CA
Los Angeles
Long Beach
Downtown (DT)
90804
Raymond
1134
W119° 50' 9.2''
N33° 46' 54.3''
Coming south on Cherry Ave turn left on Anaheim Street eastbound and take right on Raymond southbound, it will be on left hand side.
4 - Downtown Area, Alamitos Beach
Additional Information
$0
$0
$0
$0
$0
5429
: Urban
1
4.0
: 6-10 Units/Acre
7
2026-05-20
2
: Public
Broker/Agent Information
Southland Property Group
Perry Karn
Listing Information
PWKARNPE
PB20771
Cash,Conventional,1031 Exchange
Active
2026-06-03T23:43:49Z
CRMLS
: Standard
2026-06-03T16:30:37Z
Agent info
Ray Millman
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