1126 Raymond Ave, Long Beach, CA, 90804
About This Home
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 ceilings. Fully occupied with stable in-place income and rent upside under AB 1482. 12 on-site garage spaces (1.5/unit), on-site laundry, new roof and exterior paint in 2025, and separately metered gas and electricity. Post-1980 vintage insulates buyers from costly retrofit exposure common in the city's older stock. Minutes from Retro Row, Belmont Shore, and the 405/605/22 freeways.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1987
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bedrooms: 16
- Bathrooms: 16
Features
- Common walls with other units/homes: No Common Walls
Interior Area
- Total structure area: 6,336
- Total interior livable area: 6,336 sqft
Property
Details
- Parcel number: 7260031004
- Special condition: Standard
Features
- Entry location: walkup
- Pool features: None
Lot
- Lot size: 6,504 sqft
- Features: Rectangular Lot
Parking
- Total spaces: 12
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 12
- Covered spaces: 12
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,528 | $138,336 |
| Home Insurance * | $296 | $3,552 |
| Property Taxes | $1,273 | $15,276 |
| Electricity | $1,358 | $16,304 |
| Total | $14,455 | $173,460 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Listed for sale | $2,320,000 |
| 2026-04-23 | Listing removed | $2,095 |
| 2026-02-13 | Price change | $2,095 |
| 2025-12-30 | Price change | $2,195 |
| 2025-10-31 | Price change | $2,250 |
| 2025-10-11 | Listed for rent | $2,350 |
| 2025-09-02 | Listing removed | $2,225,000 |
| 2025-06-23 | Listed for sale | $2,270,000 |
| 2025-02-18 | Listing removed | $2,150 |
| 2025-02-01 | Price change | $2,150 |
| 2024-12-19 | Listed for rent | $2,250 |
| 2024-09-12 | Listing removed | $2,195 |
| 2024-09-07 | Price change | $2,195 |
| 2024-07-25 | Listed for rent | $2,250 |
| 2023-05-24 | Listing removed | -- |
| 2023-05-05 | Listed for rent | $1,995 |
| 2019-12-06 | Listing removed | $1,695 |
| 2019-11-06 | Listed for rent | $1,695 |
| 2018-05-06 | Listing removed | $1,695 |
| 2018-04-20 | Listed for rent | $1,695 |
| 2018-02-13 | Sold | $2,115,000 |
| 2018-01-02 | Pending sale | $2,049,000 |
| 2017-12-12 | Listed for sale | $2,049,000 |
For Sale by Agent
View on Zillow