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.
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "