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108 Redondo Ave 7 Unit Apartment Building $2,900,000 ($414,286/Unit) 4.45% Cap Rate Long Beach, CA 90803
Investment Highlights
- Community laundry (on-site)
- One (1) three-bedroom, one and a half bath single-family residence
- Fully occupied
- Six (6) one bedroom, one bath apartments
- Seven (7) total garages (six apartment garages + one private SFR garage)
- Electrical panel upgrades (2025)
Executive Summary
Rare Portfolio Offering – Portfolio or Individual Sales Considered. Once-in-a-generation opportunity to acquire well-located, income-producing property in Belmont Heights. 108-110 Redondo Ave. features a strong operating history, long-term investment appeal, and desirable unit mixes. Ideal for an owner-user, or investment. -Fully occupied -Seven (7) total residential units -Six (6) one-bedroom, one-bath apartment units -One (1) three-bedroom, one-bath single-family residence -Seven (7) total garages, with parking space in front (six apartment garages + one private SFR garage) -Electrical panel upgrade at 110 Redondo Avenue (2025) -On-site community laundry, and laundry hook-ups inside SFR. The offering includes: 3704 East 2nd St & 127–129 Grand Ave., Long Beach, CA 90803 (3 units); 3637 Ocean Blvd., Long Beach, CA 90803 (8 units); 108–110 Redondo Ave., Long Beach, CA 90803 (7 units).
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $414,286 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 4.45% | Building Size | 6,569 SF |
| Gross Rent Multiplier | 14.72 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1914 |
| Property Subtype | Apartment | Parking Ratio | 2.13/1,000 SF |
| Zoning | LBR4R - High Rise Residential | ||
| Price | $2,900,000 |
| Price Per Unit | $414,286 |
| Sale Type | Investment |
| Cap Rate | 4.45% |
| Gross Rent Multiplier | 14.72 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 6,569 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1914 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | LBR4R - High Rise Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,803 | - |
| 3+1.5 | 1 | $3,650 | - |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 7264-012-018 | Improvements Assessment | $309,571 |
| Land Assessment | $267,984 | Total Assessment | $577,555 |
Property Taxes
Parcel Number
7264-012-018
Land Assessment
$267,984
Improvements Assessment
$309,571
Total Assessment
$577,555
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Presented by
Flynn Investments Inc
108 Redondo Ave
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