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$2,900,000
74 Days Online

716 Raymond Avenue
Long Beach, CA 90804

For Sale|Single Family Home|Active
0
Beds
0
Full Baths
0
Partial Baths
6,426
SqFt
$451
/SqFt
1923
Built
Subdivision:
Eastside (Es)
County:
Los Angeles
Listed by Steven Bogoyevac of Steven M. Bogoyevac, Broker [email protected]

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562.896.2456
716 Raymond Avenue716 Raymond Avenue716 Raymond Avenue716 Raymond Avenue
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Mortgage Calculator

Monthly Payment (Est.)

$13,231
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

With strong rents in place, this asset is an ideal acquisition opportunity for an investor looking for cash flow in a dense coastal rental market. Assumable financing is available. 716 Raymond Avenue is a 1923 construction with 14 studios and two one-bedroom/one-bath units. Most units have single-story floor plans, and all are separately metered for gas and electricity. The building features on-site laundry and six single-car garages; both amenities generate additional income. The property has been well-maintained, and the electrical has been recently updated. In-place rents are strong and offer four percent potential upside. Additionally, a new investor may want to explore the potential to convert the garages to ADU’s (buyer to verify). 716 Raymond Avenue is well-located in Eastside Long Beach’s Rose Park neighborhood near the intersection of 7th Street and Junipero Avenue. Tenants enjoy convenient proximity to Junipero Beach (a four-minute drive) and easy access to retail. This property is offered as part of a portfolio along with 1043 and 1048 Coronado Avenue; 716 Raymond may be acquired separately.

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Listing Snapshot
Price 
$2,900,000
Days Online 
74 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,426 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.264 Acres
Year Built 
1923
MLS® Number 
PW24064015
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoPrice changed to $2,900,000
2 months agoListing first seen online
General Features
Parking Spaces 
6
Sewer 
Public Sewer
Number of Stories 
1
Acreage 
0.264
Water 
Public
Property Sub Type 
Mixed Use
Garage Spaces 
6
Zoning 
LBCNR
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Community Features
Community Features 
Suburban
Senior Community 
No
MLS Area 
3 - Eastside, Circle Area


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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