757 Redondo Avenue, Long Beach, CA 90804
- $1,589,000
- List Price
- $1,589,000
- Status
- ACTIVE
- MLS#
- SB23152930
- Year Built
- 1956
- Lot Size
- 6,507
- Acres
- 0.15
- Lot Location
- Front Yard, Paved
- Days on Market
- 36
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
- Neighborhood
- Eastside (Es)
Property Description
Amazing opportunity to own this Four Unit Income Producing Property in the city of Long Beach. This Gorgeous Building sits on a Large 6,507 sqft lot, and features 4 Extensively Remodeled Units. Including 2 Detached Buildings with Two 2 Bedroom and 1 Bathroom Spacious Units with Private Front Yard in the front, and Two 1 Bedroom and 1 Bathroom Units in the back. Each Unit comes with a Separate Garage Space. All Kitchens are Meticulously Remodeled with Quartz Countertops, High-End Cabinetry and Fixtures, and Stainless Steel Appliances. Updated Bathrooms with Custom Tile Flooring, Newer Vanities and Fixtures, Quartz Counters, and many more. Front 2 Units have their own Washer and Dryer hookups inside. All 4 Units were Updated with Wood Laminate Flooring, Dual Pane Windows, New Front Doors, and Electrical and Plumbing upgrades as well. Roof on the back two units were replaced recently as well. Walking distance to shops and restaurants, about a Mile away from the Beach, and in very close proximity of California State University of Long Beach. This great property is currently operating at a 5.4% CAP Rate, which is extremely rare.
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Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- Roof
- Flat, Spanish Tile
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- AllBedroomsDown
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $107,280
- Operating Expense
- 22100
Listing courtesy of Listing Agent: Tamas Batyi (tamas.batyi@compass.com) from Listing Office: Compass.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.