NOT LISTED FOR SALE

1128 Raymond Ave Long Beach, CA 90804

Cambodia Town Neighborhood
12 Beds
20 Baths
9,528 Sq Ft
0.3 Acres

Last Sold December 31, 2021

Last sale price $4,200,000 $441 Per Sq Ft

6 Days on Market

Highlights

  • 0.3 Acre Lot
  • Laundry Room
  • Wall Furnace
  • Woodrow Wilson High School Rated A
  • Bungalow
  • 1-Story Property

About This Home

As of December 2021

1128 Raymond Ave and 1130 Raymond Ave are being sold together. Each property has 12 Units for a total of 24 Units.

Last Agent to Sell the Property

LLoyd Anastasi

Anastasi Properties, Inc. License #00382510 Listed on: 09/25/2021

Last Buyer's Agent

Chris van Vuuren

Lyon Stahl Investment Real Estate, Inc. License #02060007

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100 x 130
  • Two or More Common Walls
  • Density is over 40 Units/Acre

Home Design

  • Bungalow
  • Property Attached
  • Stucco

Interior Spaces

  • 9,528 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 20 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 18+ / 2
  • Assessor Parcel Number 7260031005
  • $1,742 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 24 Units
  • Circle Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 24 Separate Electric Meters
  • 24 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $130
  • Gardener Expense $150
  • Insurance Expense $300
  • Maintenance Expense $200
  • Pest Control $100
  • Professional Management Expense $1,000
  • Water Sewer Expense $1,100
  • Operating Expense $2,980
  • Gross Income $26,580
  • Net Operating Income $21,390

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Price Per Unit: 156250
  • Professional Management Expense: 1000.00
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Circle (CA)
  • View: No
  • Water Sewer Expenses: 1100.00
  • Zoning: LBR2N
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 150.00
  • Parcel Number: 7260031005
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 440.81

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 100.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Over 40 Units/Acre
  • Lot Size: 100 X 130
  • Lot Size Sq Ft: 13000.00
  • Lot Size Acres: 0.2984

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 130.00
  • Gross Income: 26580.00
  • Gross Scheduled Income: 26580.00
  • Insurance Expense: 300.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 100.00
  • Lot Size Area: 13000.0000 Square Feet
  • Maintenance Expense: 200.00
  • Net Operating Income: 21390.00
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 24
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Expenses: 2980.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5769.01
  • Tax Lot: 18+
  • Tax Tract Number: Ray...
  • TaxOtherAnnualAssessmentAmount: 1742.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2021 12/31/21 Sold $4,200,000 +12.0% $441 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
09/25/2021 09/25/21 For Sale $3,750,000 -- $394 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • LLoyd Anastasi

    Seller's Agent in 2021

    LLoyd Anastasi

    Anastasi Properties, Inc.

    (310) 717-6911

    1 in this area

    23 Total Sales

    LLoyd Anastasi
    Section Image
  • Chris van Vuuren

    Buyer's Agent in 2021

    Chris van Vuuren

    Lyon Stahl Investment Real Estate, Inc.

    (714) 655-0098

    1 in this area

    23 Total Sales

    Chris van Vuuren
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21212078

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Cambodia Town

1128 Raymond Ave, Long Beach, CA

This home is located at 1128 Raymond Ave, Long Beach, CA 90804 since 25 September 2021. This property was built in 1922. 1128 Raymond Ave is a home located in Los Angeles County with nearby schools including Willard Elementary School, Woodrow Wilson High School, and Creative Arts School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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