Multifamily
790 Redondo Ave
790 Redondo Ave, Long Beach, CA 90804
Listing Price: $1,099,000
Investment Overview
Marcus & Millichap is pleased to present to market 790 Redondo Avenue, an immaculately maintained duplex in Long Beach, California. The asset is a 1915 construction that consists of two Craftsman bungalows, a 1,046-square foot one-bedroom/one-bath with a den and in-unit laundry and a three-bedroom/two-bath unit that was most recently leased as an office to a property management company; the three-bedroom unit is currently vacant and may be utilized in its current configuration as an office or converted back to a residential unit. The bungalows are separated by and share a very spacious fenced patio that is perfect for outdoor living and entertaining. The units are separately metered for gas and electricity, and the property also offers a single-car garage. 790 Redondo Avenue is located in desirable Eastside Long Beach proximate to retail (WalkScore: 88), just one mile from the beach and Belmont Shore, and conveniently near Cal State Long Beach and the 405, 22 and 605 freeways. Tenants enjoy an easy one-block walk to the nearby Starbucks, Smart & Final grocery store, and several popular local restaurants. With its excellent condition and great location in a strong coastal rental market, this offering is an outstanding turnkey investment opportunity. Non-owner occupant financing may be available for 30 percent down. Contact listing agent for details.
790 Redondo Ave
Investment Highlights
- Excellent Turnkey Acquisition Opportunity of Two Immaculately Maintained Craftsman Bungalows
- Mix of One One-Bed/One-Bath Unit With a Den, Which is Achieving Top-of-the-Market Rent, and a Vacant Three-Bed/Two-Bath Unit
- The Vacant Three-Bed Unit May Be Utilized in Its Current Configuration as an Office Space or Converted Back to a Residential Unit
- Great Eastside Long Beach Location One Block to a Starbucks, a Grocery Store, and Several Restaurants, and Just One Mile to the Beach
Exclusively Listed By
Listing Price: $1,099,000
Investment Highlights
- Excellent Turnkey Acquisition Opportunity of Two Immaculately Maintained Craftsman Bungalows
- Mix of One One-Bed/One-Bath Unit With a Den, Which is Achieving Top-of-the-Market Rent, and a Vacant Three-Bed/Two-Bath Unit
- The Vacant Three-Bed Unit May Be Utilized in Its Current Configuration as an Office Space or Converted Back to a Residential Unit
- Great Eastside Long Beach Location One Block to a Starbucks, a Grocery Store, and Several Restaurants, and Just One Mile to the Beach
Investment Overview
Marcus & Millichap is pleased to present to market 790 Redondo Avenue, an immaculately maintained duplex in Long Beach, California. The asset is a 1915 construction that consists of two Craftsman bungalows, a 1,046-square foot one-bedroom/one-bath with a den and in-unit laundry and a three-bedroom/two-bath unit that was most recently leased as an office to a property management company; the three-bedroom unit is currently vacant and may be utilized in its current configuration as an office or converted back to a residential unit. The bungalows are separated by and share a very spacious fenced patio that is perfect for outdoor living and entertaining. The units are separately metered for gas and electricity, and the property also offers a single-car garage. 790 Redondo Avenue is located in desirable Eastside Long Beach proximate to retail (WalkScore: 88), just one mile from the beach and Belmont Shore, and conveniently near Cal State Long Beach and the 405, 22 and 605 freeways. Tenants enjoy an easy one-block walk to the nearby Starbucks, Smart & Final grocery store, and several popular local restaurants. With its excellent condition and great location in a strong coastal rental market, this offering is an outstanding turnkey investment opportunity. Non-owner occupant financing may be available for 30 percent down. Contact listing agent for details.
Exclusively Listed By
