1062 Raymond, Long Beach, California 90804, Long Beach, 90804 - 0 bed, 0 bath
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1062 Raymond
Long Beach, California 90804
ACTIVE UNDER CONTRACT
CONDITION: GOOD
0Beds
0Baths
2,957Sq Ft
5,844Lot Size
Property Price
LIST PRICE$1,195,000
EST. MARKET VALUE
$1,258,451
5% BelowMARKET VALUE
SUMMARY
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $1,195,000—positioned well below the $1,258,451 Fair Market Value by 5%. This valuation gap offers $63,451 in Instant Equity. Featuring a Condition Rating of 3, the property includes a detached house and four permitted units with private patios and oversized parking. With a history of zero vacancies and proximity to Fremont Elementary (9/10), this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow.
Estimated Market Value
$1,258,451+$63,451 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1062 Raymond Subject | $1,195,000* List Price | 0 | 0 | 2,957 | $426 | - |
A 1117 Mira Mar Avenue Sold | $1,300,000 | 0 | 0 | 2,901 | $448 | 0.9 mi |
B 1123 Ohio Sold | $1,420,000 | 0 | 0 | 3,720 | $382 | 0.2 mi |
C 844 Loma Sold | $960,000 | 0 | 0 | 3,048 | $315 | 0.8 mi |
D 1425 Park Sold | $1,100,000 | 6 | 4 | 2,680 | $410 | 0.8 mi |
E 1058 Dawson Sold | $930,000 | 0 | 0 | 2,119 | $439 | 0.1 mi |
F 1056 Junipero Sold | $1,050,000 | 0 | 0 | 2,130 | $493 | 0.1 mi |
G 743 Ohio Sold | $973,000 | 0 | 0 | 2,128 | $457 | 0.3 mi |
H 732 Saint Louis Avenue Active | $1,495,000 List Price | 0 | 0 | 3,133 | $477 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1946, the property is described as having newer interiors, updated electrical, and great pipes. The presence of smart meters and the agent's claim of excellent interior condition suggest a renovation within the 5-15 year range, making it well-maintained and move-in ready despite the older wall-unit HVAC systems.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fremont Elementary School (9/10).
- Rental Stability & Flexibility
The property boasts a proven track record of zero vacancies with long-term tenants on month-to-month contracts, providing immediate cash flow and the strategic ability to adjust rents to current market values.
- Superior Parking & Private Outdoor Space
Rare for high-density areas, this property includes an oversized lot accommodating 5+ vehicles and individual gated private patios for every unit, significantly increasing tenant desirability and retention.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2957, other record living area = 2451.
- Homogeneous Unit Mix
The entire complex consists exclusively of one-bedroom, one-bathroom units, which limits the tenant base to individuals or couples and lacks the diversity needed to attract families or higher-paying multi-room renters.
- Undersized Shared Laundry
With only one washer and one dryer shared among five separate households, the laundry capacity is insufficient for the number of residents, which may impact long-term tenant satisfaction.
About 1062 Raymond
One Single Family detached one bedroom and one bath. Very spacious with it's own gated private front yard/patio. Fully permitted with a giant oversized parking lot with plenty of room to park more than 5 cars. Four single bedroom one bath units all with large gated private patios. Two down-stairs and 2 up stairs. All of the units are open spacious with lots of natural sun light. The tenants are all very long term with month to month rental contracts. There is an on site laundry room with one washer and one dryer for all of the units to share. Fantastic location just off Hwy one and 7th Street close to Junipero. Recreation Park is close by. The baseball park is close by. Cal State University Long Beach is close by. Great opportunity to pick up a great investment. Gated back ally as well as lush landscaping. Very well maintained. Interior of the units is in excellent condition with wall unit AC. Built in wall furnaces. Newer interiors. Very nice tenants. Great neighborhood. Surrounded by a mix of single family homes and 3 story apartment complexes with covered parking on the ground floor with two rows of apartments for the developer in mind. Individual newer smart meters. Great pipes and electrical. This property is a must see. Very neutral decor and great interior paint. At the heart of Long Beach. Close to everything and where you want to be. Live in the house and rent out the 4 units! Great owner user opportunity. No vacancies and has never been a vacancy for many years. Very quiet and secure area. THIS IS A SINGLE FAMILY HOUSE PLUS 4 INDIVIDUAL INCOME UNITS ALL PERMITTED.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1946
- Lot Size
- 5,844 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Willard Elementary School
Grades K-5 • 0.5 mi
5/10
Burbank Elementary School
Grades K-5 • 0.5 mi
6/10
Lee Elementary School
Grades K-5 • 0.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 2,957 | 2,300.724 |
| Lot Size | 5,844 | 5,277.379 |
| Price | $1.20M | $1.24M |
| Price per sq ft | $404 | $513 |
| Built year | 1946 | 1949 |
| HOA | $0 | $0 |
| Days on market | 27 | 74 |
Pricing History
Listed for Sale
Aug 13, 2026
$1,195,000
Initial Listing