1135 RAYMOND Avenue, Long Beach, CA 90804

$2,400,000
Sold Price
$2,400,000
List Price
$2,379,000
Closing Date
Mar 17, 2020
Status
CLOSED
MLS#
20541030
Year Built
1987
Lot Size
6,493
Acres
0.1491
Days on Market
9
Property Type
Multifamily

Property Description

9 units located on the East Side of Long Beach. All units have been heavily remodeled and the building is well maintained and professionally managed with well qualified tenants. The property was built in 1987 and all units feature stone countertops and dishwashers. Additionally, there is onsite, gated parking for each tenant as well as onsite laundry. The upper units feature vaulted ceilings and all units have private balconies. 12 secured parking spaces onsite. Seller has spent over $200K updating the units and building. Rental upside to 12.5X GRM and a 5.4% CAP. Contact Listing Agent for a complete package.

Additional Information

Appliances
Dishwasher
Total Number of Units
9

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jonathan Swire from The Agency

Listing sold by Jonathan Swire from The Agency