Long Beach, CA 90804 1120 Raymond Avenue
$1,350,000
Presented By: Luen Song with Coldwell Banker Realty; write.luen@gmail.com
Beds • 3
Full/Half Baths • 1 / 1
SQFT • 3,720
Year Built • 1972
Home Details
Incredible investment opportunity in Eastside Long Beach! This triplex features three spacious townhome-style units, each offering 3 bedrooms and 1.5 bathrooms with private entrances and a functional two-story layout—perfect for long-term tenants. Totaling approximately 3,720 sq ft of living space on a 5,201 sq ft lot, the property includes ample parking in the rear and low-maintenance landscaping. Each unit is separately metered for gas and electricity.
This property is ideal for the savvy investor looking to own a stable asset with value-add potential in a hot rental market. Conveniently located near schools, parks, transportation, and just minutes from the beach and downtown Long Beach.
Presented By: Luen Song with Coldwell Banker Realty; write.luen@gmail.com
Interior Features for 1120 Raymond Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup
Total Stories2
Other Rooms
Entry Level1
General for 1120 Raymond Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Sidewalks, Urban
ContingencyBuyer to conduct all due diligence.
CountyLos Angeles
Directionscrosstreets are Raymond Ave & 11th St.
Electric On Property Y/NNo
Entry Locationmain
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense2616.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet5201.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MaintenanceExpense467.0
MobileHomeRemainsYNNo
Net Operating Income78798.0
New ConstructionNo
Number Of Units Total3
Open Parking Spaces6.0
Operating Expense9882.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameW.M. Raymond Tract
Tax Lot15
Tenant PaysElectricity, Gas, TrashCollection
Trash Expense0.0
Water Sewer Expense2525.0
Year Built1972
Year Built SourcePublicRecords
ZoningLBR2N
Exterior for 1120 Raymond Avenue
Building Area Total3720.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, BackYard, Paved, RectangularLot
Lot Size Acres0.1194
Lot Size Area5201.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesPaved
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,350,000
MLS#PW25113398
List Date
06/03/2025
Property Type
Multi-Family
Phone
(562) 537-4182
