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1074 Redondo, Long Beach, CA 90804

Long Beach
Local realty services provided by:CENTURY 21 Discovery
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:1 day(s) ago
  • Updated:November 05, 2026 at 12:00 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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Discovery is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Discovery, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Stephanie Goedl

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