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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.
Property Type(s):
Residential Income
| Last Updated | 6/3/2026 | Tract | Downtown (DT) |
|---|---|---|---|
| Year Built | 1959 | Community | 4 - Downtown Area, Alamitos Beach |
| Garage Spaces | 4.0 | County | Los Angeles |
Additional Details
| AREA | 4 - Downtown Area, Alamitos Beach |
|---|---|
| GARAGE | Yes |
| LOT | 6508 sq ft |
| LOT DIMENSIONS | 6506 |
| POOL DESCRIPTION | None |
| SEWER | None |
| STORIES | 2 |
| SUBDIVISION | Downtown (DT) |
| UTILITIES | Sewer Not Available |
| WATER | Public |
Location
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Listed with Southland Property Group
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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