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Image 1 - 716 Raymond Ave, Long Beach, California, 90804 - House for sale
Image 2 - 716 Raymond Ave, Long Beach, California, 90804 - House for sale
Image 3 - 716 Raymond Ave, Long Beach, California, 90804 - House for sale
Image 4 - 716 Raymond Ave, Long Beach, California, 90804 - House for sale
Image 5 - 716 Raymond Ave, Long Beach, California, 90804 - House for sale
Image 6 - 716 Raymond Ave, Long Beach, California, 90804 - House for sale
Image 7 - 716 Raymond Ave, Long Beach, California, 90804 - House for sale
Image 8 - 716 Raymond Ave, Long Beach, California, 90804 - House for sale
Image 9 - 716 Raymond Ave, Long Beach, California, 90804 - House for sale
Home For Sale In Long Beach, California
716 Raymond Ave, Long Beach, California, 90804

Home For Sale In Long Beach, California

house for sale
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Listed: 04/05/24

716 Raymond Ave, Long Beach, California, 90804

2 Bed:
16 Bath:
6,426 Sq Ft Living Area:
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Price
$ 2,95M
Price:  Increased

About This House

With strong rents in place, this asset is an ideal acquisition opportunity for an investor looking for cash flow in a dense coastal rental market. Assumable financing is available. 716 Raymond Avenue is a 1923 construction with 14 studios and two one-bedroom/one-bath units. Most units have single-story floor plans, and all are separately metered for gas and electricity. The building features on-site laundry and six single-car garages; both amenities generate additional income. The property has been well-maintained, and the electrical has been recently updated. In-place rents are strong and offer four percent potential upside. Additionally, a new investor may want to explore the potential to convert the garages to ADUs (buyer to verify). 716 Raymond Avenue is well-located in Eastside …  Full description

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Long Beach Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In June 2024, the asking price for 2 bed houses for sale in/near Long Beach, United States averaged $820,250, a decrease of 12.7% from the previous month.
Median price trends for properties for sale in Long Beach, United States as of June 2024.

Household Income

Median household income: $61,610
Number of households: 173,432
The average household income in Long Beach, CA grew from $60,557 to $61,610 in the past year. This data is an estimate based upon 173,432 households in Long Beach, CA.
The chart below presents how household income is distributed in Long Beach, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Long Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Long Beach, CA equals $3k+ , which is more than the national average.