About 1135 Raymond Avenue
HIGHLY COVETED 1980'S CONSTRUCTION - PRICED AT 10.3 GRM AND 6.6% CAP ON MARKET RENTS. 9 units in Long Beach built in 1987, NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). Located in a great location on the East side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. It also features onsite parking for every unit - a rarity in parking impacted Long Beach. The property features an excellent unit mix of 1 and 2 bed units with rents approximately 10% below market. Built in 1987 this property features copper plumbing and modern electrical. Qualified Buyers can obtain a new loan fixed at 5.40% for 5 years, Interest Only. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The City also approved a $38MM revamp of Long Beach Airport in preperation for the 2028 Olympic games.
Features of 1135 Raymond Avenue
| MLS® # | 26826345 |
|---|---|
| Price | $2,289,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Square Footage | 7,128 |
| Acres | 0.15 |
| Year Built | 1987 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 1135 Raymond Avenue |
|---|---|
| Area | 3 - Eastside, Circle Area |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90804 |
Amenities
| Parking Spaces | 12 |
|---|---|
| Parking | Assigned |
| Garages | Assigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | April 28th, 2026 |
|---|---|
| Days on Market | 136 |
| Zoning | LBR2N |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jonathan Swire |
|---|---|
| Office | The Agency |