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1135 Raymond Ave 9 Unit Apartment Building For Sale 5.40% Cap Rate Long Beach, CA 90804

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Investment Highlights

Rare 1987 built property in Long Beach - NOT subject to local rent control.
Excellent unit mix of 1 and 2 bedrooms.
Modern electrical and plumbing - Buyer to verify.

Onsite parking for all units.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Executive Summary

9 units in Long Beach 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 5.4% for 5 years, Interest Only. Contact Loan Broker to find out more - David Guevara - dguevara@momentacg.com.
The property offers prospective Buyer's the following amenities:
Excellent unit mix of 1 and 2 bed units.
Modern plumbing and electrical.
Onsite parking for all units.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$283,615	$39.79
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$283,615	$39.79
Net Operating Income	-	-

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	$283,615
Annual Per SF	$39.79

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$283,615
Annual Per SF	$39.79

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

Property Facts

Sale Type	Investment	Lot Size	0.15 AC
Cap Rate	5.40%	Building Size	7,128 SF
Gross Rent Multiplier	11.8	Average Occupancy	100%
No. Units	9	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1987/2019
Property Subtype	Apartment	Parking Ratio	1.33/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C
Zoning	R2N, Long Beach

Sale Type	Investment
Cap Rate	5.40%
Gross Rent Multiplier	11.8
No. Units	9
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.15 AC
Building Size	7,128 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1987/2019
Parking Ratio	1.33/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R2N, Long Beach