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1126 Raymond Ave, Long Beach, CA 90804
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1126 Raymond Ave Long Beach, CA 90804

$2,290,000
  • 128 Beds
  • 96 Baths
  • 6,336 Sq.Ft.
For Sale
$2,290,000 Get Pre-Qualified
Map preview of 1126 Raymond Ave, Long Beach, CA 90804

Property Overview: 1126 Raymond Ave Long Beach, CA has 128 bedrooms, 96 bathrooms, 6,336 living square feet and 6,506 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: PRICE REDUCED!! CLEAN, UPGRADED 8-UNIT BUILDING. ALL 2 BEDROOMS / ONE AND A HALF BATHS. GATED BUILDING WITH STREET LEVEL PARKING. EACH UNIT HAS A PRIVATE BALCONY. FULLY RENTED. EAST TO MANAGE. ONLY 11.92 X GRM AT CURRENT RENTS AND ABOUT 10 X GRM AT MARKET RENTS. SELLER MAY PAY FOR AB-721 BALCONY CERTIFICATION.

Listed by Cris Molles | BRE #01345419 | The Realestate Group
Last checked: 2 minutes ago | Last updated: May 1st, 2024 | Source CRMLS | DOM: 44
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Home details

Lot Sq. Ft
6,506
HOA Dues
$0/mo
Year built
1987
Garage
16 Car
Property Type:
Mixed Use
Status
Active
MLS#
SB24055042
City
Long Beach
County
Los Angeles
Time on Site
44 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 16
  • # of Baths: 16
  • Garage Spaces: 16
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $15,920
  • Total Rent: $15,920
  • Pro Forma/Market Rent: $18,320
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.92
  • Gross Scheduled Income: $192,000
  • Net Operating Income: $107,200
  • Gross Operating Income: $187,220
  • Vacancy Allowance: $3,820
  • Laundry Income: $80
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $84,800
  • Electric: $700
  • Gas/Fuel: $0
  • Licenses: $360
  • New Taxes: $28,620
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $600
  • Insurance: $3,656
  • Maintenance: $12,000
  • Workman's Comp: $0
  • Professional Management: $9,500
  • Water/Sewer: $6,282

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Property Details for 1126 Raymond Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Multi-Level Bedroom
Kitchen Information
  • Has Appliances
  • Built-In Range, Dishwasher
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 16
  • # of Parking Spaces: 32
  • Has Parking
  • Parking Features: Assigned, Attached Carport, Covered, Concrete, Garage Door Opener, Gated, On Site, Parking Space, Private
Lot Information
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7260031004
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: Just South of Anaheim St.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1126 Raymond Ave

Last sold for $2,112,000 on February 13th, 2018

  • March, 2024

  • Mar 20, 2024

    Date

    Active

    CRMLS: SB24055042

    $2,385,000

    Price

  • February, 2018

  • Feb 13, 2018

    Date

    Sold

    CRMLS: 17294698

    $2,115,000

    Price

  • Jan 2, 2018

    Date

    Pending

    CRMLS: 17294698

    $2,049,000

    Price

  • Dec 12, 2017

    Date

    Active

    CRMLS: 17294698

    $2,049,000

    Price

  • Listing provided courtesy of CRMLS

    8 units located in South Long Beach NOT subject to rent control. The property features all copper plumbing and an excellent unit mix for the location of all 2 bedroom/2 bath units. The upper units all have vaulted ceilings measuring over 11 feet in height. And all units have private balconies with great views of Signal Hill. The property features 12 gated, surface parking spaces as well as onsite laundry (not currently in use but should be). 6 of 8 unit interiors have been heavily remodeled to include new laminate flooring, paint, granite counters, light fixtures, bath vanities, ceiling fans and more. Remodeled units are renting for $1650-1700 per month. Long Beach rents have grown over 10% in the past year and will continue to grow due to the $1BB+ development going on. EMAIL LISTING AGENT FOR A COMPLETE SETUP INCLUDING A RENT ROLL.

  • February, 2018

  • Feb 13, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,112,000

    Price

  • March, 2016

  • Mar 31, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,588,000

    Price

Show More

Tax History for 1126 Raymond Ave

Assessed Value (2020): $2,197,324
Year Land Value Improved Value Assessed Value
2020 $1,156,924 $1,040,400 $2,197,324

Home Value Compared to the Market

This property vs the competition

1126 Raymond Ave is listed 186.29% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $361.43 per/sqft which puts the price per square foot 43.88% lower than the median price per square foot for the city of Long Beach.

About 1126 Raymond Ave

Detailed summary of property

1126 Raymond Ave is a mixed use located in Long Beach, CA 90804 and is currently for sale. This mixed use property offers 128 bedrooms, 96 bathrooms, roughly 6,336 living square feet, and sits on an approximately 6,506 square foot lot. 1126 Raymond Ave was first listed on ArdentRealEstateGroup.com on March 20, 2024. The homeowner is currently asking $2,290,000 and was originally asking $2,385,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 186.29% higher than the median priced home. Local competing homes currently for sale include 1756 Pacific Ave, 1845 Maine Ave and 914 N Loma Vista Dr. While the average home in Long Beach, CA is selling in 54 days, 1126 Raymond Ave has a days on market of 44 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 1126 Raymond Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1126 Raymond Ave

Public county record property details
Beds
16
Baths
16
Year built
1987
Sq. Ft.
6,336
Lot Size
6,504
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
7260-031-004

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
47
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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