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  • 1135 Raymond Avenue

1135 Raymond Avenue, Long Beach, CA 90804

$2,289,000 Approx. USD 16 beds, 10 baths
7,128 sqft

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Lynette Colletta REALTOR® - Sales Associate 949-842-4200 m
949-495-1800 o
949-249-9064 f
Lic#: 00900787
NRDS ID: 205522876
lynette@lynettecolletta.com Text Me
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949-249-9064 f
Lic#: 00900787
NRDS ID: 205522876
lynette@lynettecolletta.com Laguna Niguel Office
30221 Golden Lantern, Ste. A-B
Laguna Niguel, CA 92677
Phone: 949-495-1800
Fax: 949-249-9064
 Laguna Niguel 30221 Golden Lantern, Ste. A-B
Laguna Niguel, CA 92677
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Listing Agent


Jonathan Swire | jon@jonswire.com
Lic#: 01336277
Broker: Courtesy of The Agency
Phone: 310-948-2631

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26826345
List price is $2,289,000 Reduced by $11,000 on 7/6/2026
Price: $2,289,000
Beds: 16
Baths: 10
Built in 1987
7,128 sqft
2 stories
0.15 acres
Lot size: 0.1491
County: Los Angeles
Zoning: LBR2N
Parking description: Assigned
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 3 - Eastside, Circle Area

Last Updated: 7/6/2026

 Days On Market (DOM): 88

 Find more Long Beach homes and real estate

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This listing belongs to the 3 - Eastside, Circle Area MLS area

Lat/Long: 33.781867, -118.164693.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Lynette Colletta

Lynette Colletta REALTOR® - Sales Associate 949-842-4200 m
949-495-1800 o
949-249-9064 f
Lic#: 00900787
NRDS ID: 205522876
lynette@lynettecolletta.com Text Me
Call My Cell
Call My Office
949-249-9064 f
Lic#: 00900787
NRDS ID: 205522876
lynette@lynettecolletta.com
Laguna Niguel Office
30221 Golden Lantern, Ste. A-B
Laguna Niguel, CA 92677
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