108 Redondo Ave - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$2,900,000 USD
562-896-1473
108 Redondo Ave, Long Beach, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/17
null | 4.45% Cap Rate

108 Redondo Ave
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Community laundry (on-site)
  • Six (6) one bedroom, one bath apartments
  • One (1) three-bedroom, one and a half bath single-family residence
  • Seven (7) total garages (six apartment garages + one private SFR garage)
  • Fully occupied
  • Electrical panel upgrades (2025)

OVERVIEW

Rare Portfolio Offering – Portfolio or Individual Sales Considered. Once-in-a-generation opportunity to acquire well-located, income-producing property in Belmont Heights. 108-110 Redondo Ave. features a strong operating history, long-term investment appeal, and desirable unit mixes. Ideal for an owner-user, or investment. -Fully occupied -Seven (7) total residential units -Six (6) one-bedroom, one-bath apartment units -One (1) three-bedroom, one-bath single-family residence -Seven (7) total garages, with parking space in front (six apartment garages + one private SFR garage) -Electrical panel upgrade at 110 Redondo Avenue (2025) -On-site community laundry, and laundry hook-ups inside SFR. The offering includes: 3704 East 2nd St & 127–129 Grand Ave., Long Beach, CA 90803 (3 units); 3637 Ocean Blvd., Long Beach, CA 90803 (8 units); 108–110 Redondo Ave., Long Beach, CA 90803 (7 units).

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$441 USD /SF

# OF UNITS

7

PRICE/UNIT

$414,286

CAP RATE

4.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

LBR4R

APN/PARCEL ID

7264-012-018

ASK ABOUT THIS PROPERTY

Spencer FlynnFlynn Investments IncMore Info
562-896-1473

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Spencer FlynnFlynn Investments IncMore Info
562-896-1473

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.