NOT LISTED FOR SALE

1135 Raymond Ave Long Beach, CA 90804

Cambodia Town Neighborhood
16 Beds
10 Baths
7,128 Sq Ft
6,493 Sq Ft Lot

Last Sold March 17, 2020

Last sale price $2,400,000 $337 Per Sq Ft

9 Days on Market

About This Home

As of March 2020

9 units located on the East Side of Long Beach. All units have been heavily remodeled and the building is well maintained and professionally managed with well qualified tenants. The property was built in 1987 and all units feature stone countertops and dishwashers. Additionally, there is onsite, gated parking for each tenant as well as onsite laundry. The upper units feature vaulted ceilings and all units have private balconies. 12 secured parking spaces onsite. Seller has spent over $200K updating the units and building. Rental upside to 12.5X GRM and a 5.4% CAP. Contact Listing Agent for a complete package.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 01/07/2020

The Agency

Last Buyer's Agent

Jon Swire

The Agency License #01336277 Listed on: 01/07/2020

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,493 Sq Ft Lot

Interior Spaces

  • 7,128 Sq Ft Home
  • 3-Story Property
  • Dishwasher

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Parking

  • 12 Parking Spaces
  • Controlled Entrance

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 7260-032-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7128
  • Stories: 3
  • Year Built: 1987
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 10.00
  • Equipment: Dishwasher
  • Price Per S Q F T: 333.75

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Controlled Entrance
  • Total Parking: 12

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 811695
  • Assessed Land Value: 351733
  • Assessor Parcel Number: 7260-032-018
  • Geocode Override: No
  • Lot Size Area: 6493

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.40
  • Number Of Units: 9
  • Type Of Units: Income

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 List to Sale Price per Sq Ft
03/17/2020 03/17/20 Sold $2,400,000 +0.9% $337 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
01/07/2020 01/07/20 For Sale $2,379,000 -- $334 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $33,593 $2,624,747 $874,915 $1,749,832
2024 $33,593 $2,573,282 $857,760 $1,715,522
2023 $33,027 $2,522,827 $840,942 $1,681,885
2022 $30,996 $2,473,360 $824,453 $1,648,907
2021 $30,370 $2,424,864 $808,288 $1,616,576
2019 $24,785 $1,927,341 $936,360 $990,981
2018 $24,137 $1,889,550 $918,000 $971,550
2017 $15,487 $1,163,428 $351,733 $811,695
2016 $14,379 $1,140,617 $344,837 $795,780
2015 $13,815 $1,123,485 $339,658 $783,827
2014 $13,753 $1,101,478 $333,005 $768,473
Source: Public Records

Agents Affiliated with this Home

  • Jon Swire

    Seller's Agent in 2020

    Jon Swire

    The Agency

    (310) 948-2631

    2 in this area

    34 Total Sales

    Jon Swire
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Map

Source: The MLS

MLS Number: 20-541030

The MLS
California Los Angeles County Long Beach 90804 Cambodia Town

1135 Raymond Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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