Log In/Sign Up
Your email has been sent.
219 Redondo Ave 4 Unit Apartment Building $1,988,888 ($497,222/Unit) 4.20% Cap Rate Long Beach, CA 90803



Investment Highlights
- 2 Blocks to the Beach in Historic Bluff Park, sits along the Broadway Corridor walking distance to many restaurants and shops
- Very low maintenance building with no Cap Ex needed. Meticulously maintained by the owner. Remodeled units, New Plumbing, New Polymer Roof
- Very spacious units average 845 sqft each. Remodeled and full of character.
Executive Summary
Coastal Charm Meets Historic Elegance in Bluff Park. Experience a rare opportunity to own a "pride of ownership" fourplex situated just two blocks from the Pacific. Nestled on the edge of the vibrant Broadway Corridor and the historic Bluff Park neighborhood, this property sits among wide, tree-lined streets and iconic turn-of-the-century architecture. The craftsmanship is evident from the moment you see the wrought iron fencing and custom awnings. Inside, these extra-large, fully remodeled units perfectly blend vintage character with modern luxury. Interior Highlights: Refinished red oak floors, original double-hung windows, and French doors opening to Juliet balconies that catch the ocean breeze. Kitchen's feature restored antique O’Keefe and Merritt stoves, granite counters, and custom subway tile. Space to Breathe: Each unit boasts a large living/dining area, a dedicated home office alcove, oversized bedrooms, and its own washer/dryer. Outside, tenants have private,large backyard outdoor spaces perfect for lounging. With low expenses, updated plumbing, all supply and drain lines (2018), A new polymer roof in 2023 and significant rental upside, this is a turnkey gem in an unbeatable location. Secure a cornerstone asset for your portfolio with this meticulously maintained fourplex in Long Beach’s coveted Bluff Park. Long Beach is NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%).
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$113,580
|
$30.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,580
|
$30.18
|
| Taxes |
$24,500
|
$6.51
|
| Operating Expenses |
$6,473
|
$1.72
|
| Total Expenses |
$30,973
|
$8.23
|
| Net Operating Income |
$82,607
|
$21.95
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $113,580 |
| Annual Per SF | $30.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $113,580 |
| Annual Per SF | $30.18 |
| Taxes | |
|---|---|
| Annual | $24,500 |
| Annual Per SF | $6.51 |
| Operating Expenses | |
|---|---|
| Annual | $6,473 |
| Annual Per SF | $1.72 |
| Total Expenses | |
|---|---|
| Annual | $30,973 |
| Annual Per SF | $8.23 |
| Net Operating Income | |
|---|---|
| Annual | $82,607 |
| Annual Per SF | $21.95 |
Property Facts
| Price | $1,988,888 | Apartment Style | Low-Rise |
| Price Per Unit | $497,222 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.20% | Building Size | 3,764 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1923/2022 |
| Zoning | LBR3S - Limited Density Multiple Residence R-4 | ||
| Price | $1,988,888 |
| Price Per Unit | $497,222 |
| Sale Type | Investment |
| Cap Rate | 4.20% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 3,764 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1923/2022 |
| Zoning | LBR3S - Limited Density Multiple Residence R-4 |
Amenities
Site Amenities
- Controlled Access
- Gated
- Smoke Free
- Vintage Building
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $2,310 | 845 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 7264-003-007 | Total Assessment | $1,857,113 |
| Land Assessment | $1,209,777 | Annual Taxes | $24,500 ($6.51/SF) |
| Improvements Assessment | $647,336 | Tax Year | 2025 |
Property Taxes
Parcel Number
7264-003-007
Land Assessment
$1,209,777
Improvements Assessment
$647,336
Total Assessment
$1,857,113
Annual Taxes
$24,500 ($6.51/SF)
Tax Year
2025
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
219 Redondo Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
