1120 Raymond Avenue, Long Beach, California 90804, Long Beach, 90804 - 0 bed, 0 bath
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Long Beach, California 90804
This Triplex Asset represents a High-Potential Investment Opportunity listed at $1,310,000, matching its $1,310,000 Fair Market Value. The property features three spacious 3-bedroom townhome-style units with separate utility meters and a Condition Rating of 4, signaling significant Value-Add Potential through interior updates and ADU development. Situated in Eastside Long Beach near the 9/10 rated Fremont Elementary, the asset promises consistent rental demand and future appreciation. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1120 Raymond Avenue Subject | $1,310,000* List Price | 0 | 0 | 3,720 | $352 | - |
A 844 Loma Sold | $960,000 | 0 | 0 | 3,048 | $315 | 0.8 mi |
B 1600 Junipero Avenue Sold | $1,500,000 | 0 | 0 | 4,266 | $352 | 0.4 mi |
C 1425 Park Sold | $1,100,000 | 6 | 4 | 2,680 | $410 | 0.8 mi |
D 1070 Freeman Avenue Sold | $1,400,000 | 0 | 0 | 4,610 | $304 | 0.5 mi |
E 2122 E 10th Street Active | $1,599,999 List Price | 0 | 0 | 3,658 | $437 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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 While functional for tenants, the property's age and lack of updates suggest outdated kitchens, bathrooms, and major systems, aligning with the 'fair' condition requiring minor updates or repairs.
Elementary School: Fremont Elementary School (9/10).
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.
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.
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.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,720 | 1,972 | 86% |
| Lot Size | 5,201 | 6,067 | 33% |
| Price | $1.31M | $1.05M | 71% |
| Price per sq ft | $352 | $529 | 19% |
| Built year | 1972 | 1926 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 91 | 189 | 19% |
Jan 21, 2026
$1,310,000
Initial Listing
Aug 31, 2005
$404,000
Public Record
Mar 24, 1998
$176,500
Public Record