1074 Redondo, Long Beach, CA 90804

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1074 Redondo,Long Beach, CA 90804
$2,625,000
  • - Beds
  • - Baths
  • 7,782 sq. ft.
  • Multi-family
  • Active
Listed by: robert stepp, todd hawke
Office: keller williams realty downey562-334-1500
MLS#:PW26236605
Source:CRMLS

Price summary

  • Price:$2,625,000
  • Price per sq. ft.:$337.32

About this home

1074 Redondo Avenue is an eight-unit multifamily investment opportunity located in Long Beach, California. Built in 1989, the three-story property consists of 100% spacious two- bedroom/two-bathroom residences averaging approximately 973 square feet. Each unit is equipped with HVAC and a private balcony, while additional amenities include 14 secure parking spaces and individually metered gas and electricity, providing desirable resident conveniences and operational efficiencies. Offered at $2,625,000, the property presents a compelling investment opportunity with pricing and income metrics that compare favorably to recent transactions. The projected 6.54% capitalization rate exceeds the comparable average of 5.95%, while the 9.87 gross rent multiplier is notably below the 12.02 comparable average. These metrics underscore the property's competitive acquisition basis and attractive projected income potential relative to comparable multifamily assets. Currently operated as student...

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Home facts

  • Year built:1989
  • Subdivision & Development:Eastside (ES)
  • Listing ID #:PW26236605
  • Added:3 day(s) ago
  • Updated:November 07, 2026 at 12:19 PM

Rooms and interior

  • Living area:7,782 sq. ft.

Structure and exterior

  • Year built:1989
  • Building area:7,782 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,625,000
  • Price per sq. ft.:$337.32

Parking

  • Total parking spaces:14
  • Garage:Yes
  • Garage spaces:14
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