
1120 Raymond Ave Long Beach, CA 90804
Cambodia Town NeighborhoodEstimated payment $7,809/month
Highlights
- No HOA
- Laundry Room
- Back Yard
- Woodrow Wilson High School Rated A
- Rectangular Lot
About This Home
Incredible investment opportunity in Eastside Long Beach! This triplex features three spacious townhome-style units, each offering 3 bedrooms and 1.5 bathrooms with private entrances and a functional two-story layout—perfect for long-term tenants. Totaling approximately 3,720 sq ft of living space on a 5,201 sq ft lot, the property includes ample parking in the rear and low-maintenance landscaping. Each unit is separately metered for gas and electricity.This property is ideal for the savvy investor looking to own a stable asset with value-add potential in a hot rental market. Conveniently located near schools, parks, transportation, and just minutes from the beach and downtown Long Beach.
Listing Agent
Coldwell Banker Realty Brokerage Email: write.luen@gmail.com License #01733206 Listed on: 06/03/2025

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,230
Year Built
- Built in 1972
Lot Details
- 5,201 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- Paved or Partially Paved Lot
- Back Yard
- Density is up to 1 Unit/Acre
Home Design
- Triplex
Interior Spaces
- 3,720 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Paved Parking
Location
- Urban Location
Listing and Financial Details
- Tax Lot 15
- Assessor Parcel Number 7260031002
- $776 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,616
- Maintenance Expense $467
- Other Expense $4,194
- Supplies Expense $80
- Water Sewer Expense $2,525
- Operating Expense $9,882
- Net Operating Income $78,798
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $4,230 | $281,801 | $124,535 | $157,266 |
2024 | $4,230 | $276,277 | $122,094 | $154,183 |
2023 | $4,158 | $270,860 | $119,700 | $151,160 |
2022 | $3,924 | $265,550 | $117,353 | $148,197 |
2021 | $3,823 | $260,344 | $115,052 | $145,292 |
2019 | $3,770 | $253,525 | $111,641 | $141,884 |
2018 | $3,580 | $248,572 | $109,452 | $139,120 |
2016 | $3,276 | $238,055 | $105,202 | $132,853 |
2015 | $3,156 | $234,480 | $103,622 | $130,858 |
2014 | $3,150 | $229,888 | $101,593 | $128,295 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/03/2025 06/03/25 | For Sale | $1,350,000 | -- | $363 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Grant Deed | $404,000 | -- | |
Interfamily Deed Transfer | -- | -- | |
Grant Deed | $176,500 | North American Title |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $360,000 | Seller Take Back | |
Previous Owner | $144,000 | Seller Take Back |
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Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25113398

APN: 7260-031-002
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