790 REDONDO AVE Long Beach, CA 90804

$1,295,000

Bedrooms

Total Baths

Full Baths

1,552

Square Feet

0.13

Acres

1915

Year Built

11 days

On Website

Active

Status

790 Redondo Avenue is an immaculately maintained duplex in Long Beach, California. The asset is a 1915 construction that consists of two Craftsman bungalows, a large 1,046-square foot one-bedroom/one-bath with a den and in-unit laundry and a three-bedroom/two-bath that is currently leased as an office to a property management company. The bungalows are separated by and share a very spacious fenced patio that is perfect for outdoor living and entertaining. The units are separately metered for gas and electricity, and the property also offers a single-car garage. 790 Redondo Avenue is located in desirable Eastside Long Beach proximate to retail (WalkScore: 88), just one mile from the beach and Belmont Shore, and conveniently near Cal State Long Beach and the 405, 22 and 605 freeways. Tenants enjoy an easy one-block walk to the nearby Starbucks, Smart & Final grocery store, and several popular local restaurants. With its excellent condition, great location in a strong coastal rental market, and top-of-the-market rents being achieved, this offering is an outstanding turnkey investment opportunity. Furthermore, the property management company that leases the front unit is on a month-to-month lease, presenting a new investor with a few potential investment strategies: either retain the company as a reliable tenant, acquire the office space for the investor’s own use, or convert the space back to residential use in the future.

I'm Interested

Schedule a showing
In Person Virtual

Details


Interior
Living Area
1,552 SqFt.

Building And Construction
Number Of Units Total
2
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1915

Exterior And Lot
Lot Size Acres
0.1292
Lot Size Square Feet
5627
Lot Size Units
Square Feet
Parking Total
1
Zoning
LBCNR

Area And Schools
City
Long Beach
County Or Parish
Los Angeles
Subdivision Name
Eastside (es)

Financial Info
Buyer Agency Compensation
2.5%

Listing By Steven M. Bogoyevac, Broker – Steven Bogoyevac

MLS# PW21226586

Data Last Updated 2:12PM - 10/23/2021

California Regional MLS

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.

Your browser is out of date or unsupported. Some features of this website may not work until you update to a supported browser. More Info

Your browser is not currently supported. We recommend viewing REMAX.com and it's affiliated sites on one of the following browsers: