1120 Raymond Ave Long Beach, CA 90804
Three two-story 3BR/1.5BA townhome-style units with private entrances, separately metered utilities, and rear parking lot.
Property Features for 1120 Raymond Ave
General Information
- Standard status
- Active
- Size
- 3,720 SF
- Lot size
- 0.12 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1972
Listing office Coldwell Banker Coastal Alliance (562) 494-4600
Listing date Jul 3, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
The property is described as conveniently located just minutes from Cal State Long Beach, Traffic Circle shopping and dining, Belmont Shore, and local beaches. It also features a rear parking setup, which helps keep primary access and vehicle parking consolidated.
For investors and long-term tenants alike, the combination of three separate townhome-style units, private entrances, and separately metered utilities creates a practical residential income configuration. The rear parking lot can support tenant convenience, while the stated ADU possibility may offer a further development path for qualified buyers willing to verify feasibility.
Key Highlights
- Huge 1972‑built Eastside triplex with three two‑story, 3BR/1.5BA townhome‑style units.
- Each unit has private entrances and a functional two‑story layout.
- Approximately 3,720 SF of living space on a 5,201 SF lot.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.5k | $32.40 |
| − Vacancy | −$6.3k | −$1.68 |
| EGI | $114.3k | $30.72 |
| − OpEx | −$34.3k | −$9.21 |
| NOI | $80.0k | $21.50 |
