Overview
- Apartment
- 12
- 1987
Description
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.
Address
Open on Google Maps- Address Raymond
- City Long Beach
- State/county Los Angeles
- Zip/Postal Code 90804
Details
Updated on July 7, 2026 at 7:08 pm- Property ID: HZSB26099694
- Price: $2,280,000
- Garages: 12
- Year Built: 1987
- Property Type: Apartment
- Property Status: Residential Income
- Listed by: Christopher Van Vuuren
- DRE #: 02060007
- Contact Mail: Chris@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees
