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1135 Raymond Ave, 
Long Beach, CA 90804

$2,600,000


16

Beds


10

Baths


7,128

Sq Ft


Multi-Family

Active

Listed by

Jonathan Swire

The Agency

424-230-3700

Last updated:

May 27, 2026, 02:24 PM

MLS#

26826345

Source:

CA CLAW

About This Home

1135 Raymond Ave

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 8.0% 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 5.05% 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.

Home Facts

Multi-Family

10 Baths

16 Bedrooms

Built in 1987

Price Summary

2,600,000

$364 per Sq. Ft.

MLS #:

26826345

Last Updated:

May 27, 2026, 02:24 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

16

Bathrooms

Total Bathrooms:

10

Interior

Living Area:

7,128 Sq. Ft.


Structure

Structure

Year Built:

1987


Lot

Lot Size (Sq. Ft):

6,495


Finances & Disclosures

Finances

Price:

$2,600,000

Price per Sq. Ft:

$364 per Sq. Ft.

Source:CA CLAW
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.