1120 Raymond Avenue, Long Beach, California 90804, Long Beach, 90804 - bed, bath
1120 Raymond Avenue
Long Beach, California 90804
Property Price
SUMMARY
Analysis of 1120 Raymond Avenue, Long Beach, California 90804 is currently available with a list price of $1,310,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1972, this triplex shows no evidence of recent major renovations. The listing explicitly notes that 'significant capital expenditure for system upgrades... and interior renovations' would be needed to maximize rental income and tenant appeal. While functional for tenants, the property's age and lack of updates suggest outdated kitchens, bathrooms, and major systems, aligning with the 'fair' condition requiring minor updates or repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Fremont Elementary School (9/10).
- Strong Investment Opportunity
This triplex is explicitly marketed as an incredible investment opportunity, offering stability, upside in a hot rental market, appreciation potential, and future income growth in Eastside Long Beach.
- Desirable Unit Mix & Layout
Features three spacious townhome-style units, each with 3 bedrooms and 1.5 bathrooms, private entrances, and a functional two-story layout, which is highly attractive for long-term tenants.
CONSRISKS & DEFICIENCIES
- Property Age & Potential for Updates
Built in 1972, the property may require significant capital expenditure for system upgrades (e.g., plumbing, electrical, HVAC) and interior renovations to maximize rental income and tenant appeal, as no recent updates are mentioned.
- ADU Potential Requires Verification
While an ADU is a strong potential, the description states 'buyer to verify,' indicating that the feasibility, permitting, and associated costs are not guaranteed and require due diligence.
- Limited Bathroom Count
Each 3-bedroom unit having only 1.5 bathrooms might be a minor drawback for some larger families or tenant groups, potentially affecting marketability or rental rates compared to units with more bathrooms.
About 1120 Raymond Avenue
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, with ample rear parking and potential for an ADU (buyer to verify). Each unit is separately metered for gas and electricity, supporting efficient operations. The property offers a strong history of low vacancy and consistent rental performance. Ideal for investors seeking stability, upside in a hot rental market, appreciation potential, and future income growth.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1972
- Lot Size
- 5,201 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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
Lee Elementary School
Grades K-5 • 0.5 mi
Burbank Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,720 | 1,972 | 82% |
| Lot Size | 5,201 | 5,292 | 47% |
| Price | $1.31M | $1.24M | 65% |
| Price per sq ft | $352 | $543 | 18% |
| Built year | 1972 | 1941 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 170 | 6% |
Pricing History
Listed for Sale
Jan 21, 2026
$1,310,000
Initial Listing
Sold
Aug 31, 2005
$404,000
Public Record
Sold
Mar 24, 1998
$176,500
Public Record