116 Redondo Ave, Long Beach, CA 90803

116 Redondo Ave, Long Beach, CA 90803

Long Beach, CA

Property Description

6 unit Trophy Property located in Belmont Heights complete with 4 garages and 3 extra parking spaces. This turn key property features an ideal unit mix with (2) 2 bed + 1 bath units (2) 1 bed/1 bath units and (2) studios. All of the units have been renovated with new floors and counter tops. The property is located directly across from Trolley Park and just steps to the ocean. 3 of the units come with a bonus “office” bedroom and the owner updated the plumbing on the two back studio properties this year. The sewer lines on both properties were replaced in the past year. Rare opportunity to own in highly desirable Belmont Heights dream property with a market 5.35% Cap Rate and an attainable 13 GRM.

Property Features

  • Sale Price: $1,799,000
  • Area Size: 3,900 SF
  • Land Area: 4,983 SF
  • Year Built: 1922
  • Closing Date: 5/30/2018

Lyon Stahl Investment Real Estate

Keep In Touch