236 Redondo Ave, Long Beach, CA 90803

Classic Long Beach 4 Unit income producing residential building only 3 blocks from the beach. Great starter Investment property. Clean property with three separate structures: One 2 bedroom, 1 bathroom house, One 1 bedroom, 1 bathroom house, and 2 studios in middle building. The 2 studios are currently rented via Air BnB and averaging $3000 for EACH unit per MONTH. The front building is stand alone 2 bed rents for $2500 with one bath and original hardwood floors and fireplace in living room, also has private backyard area. (front 2 bed building could potentially be occupied by new owners with about $7300 of revenue coming in from the other units.) The One bedroom in rear is rented for $1295 also a stand alone building recently renovated and private back yard. Roof replaced recently on front and rear house, new plumbing in middle structure. Studios Interiors remodeled in 2017. Each units comes with window AC units. Building has 3 off street driveway parking spaces, rare for the neighborhood. Separately metered for gas and electricity. Zoned CNR, Neighborhood Commercial and Residential for future creativity. Building needs a paint job to make it an outstanding property. Cap rate is based on market rents. Incredible location: only a few blocks from the beach and 2nd Street, Belmont Shore. Dense rental market with low vacancy rate and strong income. Buyer and Buyer agents to do own research and validations.