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1074 Redondo Avenue is an eight-unit multifamily investment opportunity located in Long Beach, California. Built in 1989, the three-story property consists of 100% spacious two- bedroom/two-bathroom residences averaging approximately 973 square feet. Each unit is equipped with HVAC and a private balcony, while additional amenities include 14 secure parking spaces and individually metered gas and electricity, providing desirable resident conveniences and operational efficiencies. Offered at $2,625,000, the property presents a compelling investment opportunity with pricing and income metrics that compare favorably to recent transactions. The projected 6.54% capitalization rate exceeds the comparable average of 5.95%, while the 9.87 gross rent multiplier is notably below the 12.02 comparable average. These metrics underscore the property's competitive acquisition basis and attractive projected income potential relative to comparable multifamily assets. Currently operated as student housing with rental income generated on a per-bed basis, the property is being marketed as a conventional market-rate multifamily investment. The pro forma reflects a transition to traditional per-unit leasing, with conservatively projected monthly rents of $2,595 per unit, approximately 8.2% below the surveyed comparable average of $2,828. This measured underwriting approach provides investors with meaningful additional rental upside potential beyond projected income. Situated within Long Beach's established residential market, the property benefits from proximity to the city's diverse employment centers, coastal amenities, and expanding aerospace and technology sectors. With a projected net operating income of $171,753, attractive acquisition metrics, and the opportunity to transition to conventional multifamily operations, 1074 Redondo Avenue offers investors a compelling opportunity to acquire a well-located, newer-vintage multifamily asset with competitive pricing and potential for long- term income growth.

Highlights

  • Residential Income
  • Mixed Use
  • Built in 1989
  • 0.1407 Acre Lot
  • 14 Car Garage
  • 10 days on Market

  • Year Built
    1989
  • Stories
    3.0
  • Garage Spaces
    14.0
  • Pool Features
    None

  • Acres
    0.1407
  • Lot Features
    Six To Ten Units Acre
  • Water
    Public

  • Area
    3 - Eastside, Circle Area
  • County
    Los Angeles
  • City
    Long Beach
  • Neighborhood
    Eastside (ES)
  • Zip Code
    90804

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Frequently Asked Questions

How do I schedule a tour of 1074 Redondo?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1074 Redondo.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1074 Redondo?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $2,625,000. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Long Beach, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1074 Redondo?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1074 Redondo at around $14,938. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1074 Redondo?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Los Angeles County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1074 Redondo?

In most cases, yes. Whether 1074 Redondo is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Long Beach's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1074 Redondo?

We can handle that for you. Our preferred local agent specializes in residential incomes in Long Beach and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $2,625,000 with 7,782 sqft of space—that comes out to approximately $337 per square foot.

How long has this property been on the market?

1074 Redondo was listed on November 03, 2026, which means it's been on the market for 10 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1989, making it approximately 37 years old.

What is the lot size of this property?

1074 Redondo sits on a 0.14-acre lot, which is 6,098 square feet.

Is 1074 Redondo still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 13, 2026 at 03:27PM All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: November 13, 2026 at 03:27PM | Source: California Regional Multiple Listing Service | MLS#: PW26236605