790 Redondo Avenue
790 Redondo Avenue Long Beach, California 90804 United States

$1,295,000
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790 Redondo Avenue is an immaculately maintained duplex in Long Beach, California. The asset is a 1915 construction that consists of two Craftsman bungalows, a large 1,046-square foot one-bedroom/one-bath with a den and in-unit laundry and a...
$1,295,000
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.13 Acres
Exterior
Residential Income
Property type
1915
Year Built
PW21226586
Web Id
PW21226586
MLS ID
Eastside (ES)
Subdivision
Long Beach Unified
School District
9
days ago

About 790 Redondo Avenue

790 Redondo Avenue is an immaculately maintained duplex in Long Beach, California. The asset is a 1915 construction that consists of two Craftsman bungalows, a large 1,046-square foot one-bedroom/one-bath with a den and in-unit laundry and a three-bedroom/two-bath that is currently leased as an office to a property management company. 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, great location in a strong coastal rental market, and top-of-the-market rents being achieved, this offering is an outstanding turnkey investment opportunity. Furthermore, the property management company that leases the front unit is on a month-to-month lease, presenting a new investor with a few potential investment strategies: either retain the company as a reliable tenant, acquire the office space for the investors own use, or convert the space back to residential use in the future.

Listing Courtesy of Steven M. Bogoyevac, Broker

features

Parking
Garage

PROPERTY INFORMATION

Sewer
Public Sewer
Water
Public

EXTERIOR

Lot Description
Rectangular Lot

ADDITIONAL INFORMATION

Number of Units
2
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