Apartment for sale in Southern California — $2,280,000. 8-unit apartment building in Long Beach's highly desirable Eastside/Rose Park submarket, offered at a 6.13% current cap rate. Built in 1987, the property features an all 2-bed/2-bath unit mix, a rare configuration in…
$2,280,000
1126 Raymond Avenue, Long Beach, CA 90804
8-unit apartment building in Long Beach's highly desirable Eastside/Rose Park submarket, offered at a 6.13% 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.
Listing updated: July 7, 2026 at 9:06 AM
Listed by: Christopher Van Vuuren, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS#: SB26099694, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
7/07/2026 Source: CRMLS, #SB26099694 | Price change | $2,280,000-1.7% |
| 5/07/2026Source: CRMLS, #SB26099694 | Listed for sale | $2,320,000 |
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