REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,749,000
Est. payment | /mo
5 Beds
4 Baths
5,001 Sqft Lot
$ 1,749,000
Est. payment | /mo
5 Beds
4 Baths
5,001 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26105099
Bedrooms 5
Lot Size 5,001 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
FOUR DOORS, ONE LOT, WALKING DISTANCE TO THE WATER! 236 Redondo Ave is a turnkey four-unit property built for the buyer who wants a home and an income stream under the same deed. The front house lives like a single-family residence a remodeled 2-bed/1-bath Craftsman with hardwood floors, mini-split AC, and the kind of curb appeal that makes the whole property show. Behind it, two fully upgraded studios sit mid-lot, each self-contained. A rear 1-bedroom with private entry completes the mix. Three of the four units have been fully renovated. What separates this from most small multifamily: real physical separation. Front house, mid studios, and rear unit each occupy their own zone of the lot. Tenants get privacy. So does the owner. That's rare in a four-unit footprint and it's why occupancy holds. Units can be delivered vacant, so you set your own rents and your own occupancy plan from day one house-hack the front house and let the other three carry the note, or stabilize all four and run it as a pure income asset. As a 2-4 unit property, it qualifies for residential financing rather than commercial terms a meaningful advantage for the owner-occupant buyer. Location does the heavy lifting on the rental side: one of Long Beach's most walkable, highest-demand corridors, minutes to Rosie's Dog Beach, the Naples Canals, Belmont Veterans Memorial Pier, and the shops and restaurants along 2nd Street and Broadway. Reported gross income: $126,000/year furnished. $105,000 stabilized straight-line. Income and expense figures per seller; buyer to verify all information independently.
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of Broadway. East side of Redondo Ave.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7264001015
Acceptable Financing FHA, VA
Listing Terms FHA, VA
Listed by Kevin DaSilva, DRE#01946257 eXp Realty of Greater Los Angeles, Inc.
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty