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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
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
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Very bikeable
80/100

Property Taxes

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
  • Listing ID: 39632466

  • Date on Market: 3/2/2026

  • Last Updated:

  • Address: 219 Redondo Ave, Long Beach, CA 90803

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