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1625 Redondo Avenue, Long Beach, CA 90804

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1625 Redondo Avenue
Long Beach, CA 90804

In Escrow / Under Contract: $12,250,000

Property Type: Commercial Apartments
MLS#: OC18230318

  • Building Size: 32841 SF
  • Lot Size: 33105.6 SF
  • Number of Units: 36
  • Number of Stories: 3
  • Year Built: 1971
  • Days on market: 122
  • Net Operating Income: $490,159
  • Gross Scheduled Income: $734,329
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Tyler Leeson, Marcus & Millichap RE Invest


Property Description

Redondo Terrace is a 36-unit multifamily investment property located in Long Beach, California. The property is located within the highly sought after Eastside neighborhood of the city. The area provides a strong, diverse tenant base, easy transportation access, and proximity to a wide range of retail options. The property also sits within two miles of California State University, Long Beach. Situated on a 0.76-acre lot, the 32,841 square foot property consists of studio, one-, and two-bedroom floor plans and offers amenities including ample garage parking, controlled access, private balconies, a central courtyard, elevator, and on-site laundry. Thirty-one of the units have been significantly renovated with upgraded kitchen stainless steel appliances, quartz countertops, vinyl flooring, and updated bathrooms. Additionally, there are numerous third-floor units with ocean and city views.


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1625 Redondo Avenue, Long Beach, CA 90804

Based on information from California Regional Multiple Listing Service, Inc. as of January 2, 2019. 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.

Listing provided by: Tyler Leeson, Marcus & Millichap RE Invest

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