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Listing Details

Status
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School Ratings & Info

Description

This is a beautiful 3 unit income property with a private courtyard. Located on the East Side of Long Beach this property consists of a Craftsman Style front house with 2Bed/1Bath with (1400sf) and detached two 1Bed/1Bath units(550Sf each). There are also 4 covered garages for potential added income. Kitchen in the front house was recently updated with new cabinets, granite countertops and stainless steel appliances. Front house and rear property both have been updated with copper plumbing and they both have a 17 year old roof with a 40-year warranty. Front house is currently vacant and is a perfect opportunity for the new owner to occupy as there are various financing options available through numerous Lenders with some aggressive financing rates. Very close to Downtown, Belmont Shore, Convention Center, Aquarium, beaches, lots of great restaurants, parks and fun activities. Property is also close to highly sought-after Alamitos Beach neighborhood and is just steps away from Junipero Beach and Alamitos Beach, two of the citys most popular beaches. The property is also close to Retro Row, which offers numerous shopping, dining, and entertainment options. 279 Redondo Ave is very close to The Promenade and the Pike Outlets, providing residents with easy access to a plethora of shopping and dining destinations.Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beachs world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern Californias most desirable markets.Given the overall strength of the apartment market in Long Beach, and specifically the fundamentals within Alamitos Beach, 279 Redondo Ave offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. Please don't hesitate to reach out with any questions .

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T12:27:12.83. 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 deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/116303722
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279 Redondo Avenue Long Beach, CA 90814

  • Price: $1,499,000
  • Status: Active
  • Updated: 34 min ago
  • ID#: PW21083271
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1920
Built
Neighborhood:
2nd Street East (Sse)
County:
Los Angeles
Area:
2 - Belmont Heights, Alamitos Heights
Property Description
This is a beautiful 3 unit income property with a private courtyard. Located on the East Side of Long Beach this property consists of a Craftsman Style front house with 2Bed/1Bath with (1400sf) and detached two 1Bed/1Bath units(550Sf each). There are also 4 covered garages for potential added income. Kitchen in the front house was recently updated with new cabinets, granite countertops and stainless steel appliances. Front house and rear property both have been updated with copper plumbing and they both have a 17 year old roof with a 40-year warranty. Front house is currently vacant and is a perfect opportunity for the new owner to occupy as there are various financing options available through numerous Lenders with some aggressive financing rates. Very close to Downtown, Belmont Shore, Convention Center, Aquarium, beaches, lots of great restaurants, parks and fun activities. Property is also close to highly sought-after Alamitos Beach neighborhood and is just steps away from Junipero Beach and Alamitos Beach, two of the citys most popular beaches. The property is also close to Retro Row, which offers numerous shopping, dining, and entertainment options. 279 Redondo Ave is very close to The Promenade and the Pike Outlets, providing residents with easy access to a plethora of shopping and dining destinations.Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beachs world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern Californias most desirable markets.Given the overall strength of the apartment market in Long Beach, and specifically the fundamentals within Alamitos Beach, 279 Redondo Ave offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. Please don't hesitate to reach out with any questions .
Exterior Features

Carport Spaces 3 Carport YN Yes Lot Features Back YardLawnYard Number Of Separate Electric Meters 3 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Accessibility Features Parking Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features BikingDog ParkParkStreet LightsSidewalks Electric Expense 457 Fuel Expense 0 Garage YN Yes Gross Income 40800 Gross Scheduled Income 40800 Insurance Expense 1240 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Entry Only Listing Terms Cash1031 ExchangeFhaVa Loan Net Operating Income 34442 New Construction YN No New Taxes Expense 3712 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 6358 Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 373 Water Sewer Expense 576 Water Source Other Zoning Lbcnr

Listing provided courtesy of Alec Kara of Keller Williams Pacific Estate


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T12:27:12.83. 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 deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660