Home | Los Angeles County | Long Beach | 90804 | 1074 Redondo
MLS: CRPW26236605 | Status: | Price: $2,625,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,127 | 1989 |
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
| Field | Value |
|---|---|
| MLS # | CRPW26236605 |
| MLS Source | California Regional MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 14 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Robert Stepp | Todd Hawke |
| Keller Williams Realty Downey | |
| License #: 01456379 | License #: 01376219 |
| Phone: (310) 774-3740 | Phone: (562) 209-7783 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Willard Elementary School | public | K-5 | 0.25 mi | 3 |
| Jefferson Leadership Academies School | public | 6-8 | 0.35 mi | 7 |
| Bryant Elementary School | public | K-5 | 0.47 mi | 6 |
| Lee Elementary School | public | K-5 | 0.62 mi | 6 |
| Wilson High School | public | 9-12 | 0.68 mi | 6 |
| Fremont Elementary School | public | K-5 | 0.77 mi | 8 |
| Burbank Elementary School | public | K-5 | 0.88 mi | 7 |
| Mann Elementary School | public | K-5 | 0.93 mi | 7 |
| Richard D. Browning High | public | 9-12 | 1.12 mi | 5 |
| Jessie Nelson Academy | public | 6-8 | 1.31 mi | 3 |
| Whittier Elementary School | public | K-5 | 1.32 mi | 5 |
| Alvarado Elementary School | public | K-5 | 1.35 mi | 9 |
| Lincoln Elementary School | public | K-5 | 1.44 mi | 7 |
| Franklin Classical Middle School | public | 6-8 | 1.50 mi | 4 |
| Rogers Middle School | public | 6-8 | 1.51 mi | 8 |
| Lowell Elementary School | public | K-5 | 1.54 mi | 7 |
| Robinson Academy | public | K-8 | 1.55 mi | 5 |
| Washington Middle School | public | 6-8 | 1.55 mi | 4 |
| Bixby Elementary School | public | K-5 | 1.68 mi | 8 |
| Long Beach School For Adults | public | UG | 1.72 mi | N/A |
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This listing information is up-to-date as of November 03, 2026. For the most current information, please contact Robert Stepp, (310) 774-3740.