# 1074 Redondo, Long Beach, CA 90804 > **TL;DR:** 2bd/2ba commercial, $2,625,000, built 1989. > 14-car garage. Est. $14,039/mo. Listed 6 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,625,000 | | Bedrooms | 2 | | Bathrooms | 2 full | | Year Built | 1989 | | Lot Size | 6,129 sqft (0.14 acres) | | Stories | 3 | | Garage | 14-car | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 6 | ## Why This Home Stands Out - **Large Garage** - 14-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $13,273 | | Estimated Insurance | $766 | | **Total** | **$14,039** | ## Key Amenities - 14-car garage ## Property Highlights - Built in 1989 - 0.14 acre lot - 3 stories - 14 parking spaces ## Description ### Agent Description 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 surveyed comparable average of $2,828. This measured underwriting approach provides investors with meaningful additional rental upside potential beyond projected income. Situated within Long Beach's established residential market, the property benefits from proximity to the city's diverse employment centers, coastal amenities, and expanding aerospace and technology sectors. With a projected net operating income of $171,753, attractive acquisition metrics, and the opportunity to transition to conventional multifamily operations, 1074 Redondo Avenue offers investors a compelling opportunity to acquire a well-located, newer-vintage multifamily asset with competitive pricing and potential for long- term income growth. ## Location - **Address:** 1074 Redondo, Long Beach, CA 90804 - **County:** Los Angeles - **Neighborhood:** Eastside (ES) ## Listing Agent - **Name:** Robert Stepp · **License:** 01456379 - **Brokerage:** Keller Williams Realty SELA - **Broker Phone:** (562) 334-1511 ## Photos ![1074 Redondo - Photo 1](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f1374015863r.jpg) ![1074 Redondo - Photo 2](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f3842300765r.jpg) ![1074 Redondo - Photo 3](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f4097798466r.jpg) ![1074 Redondo - Photo 4](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f3794749959r.jpg) ![1074 Redondo - Photo 5](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f4152978225r.jpg) ![1074 Redondo - Photo 6](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f1807594670r.jpg) ![1074 Redondo - Photo 7](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f3343908125r.jpg) ![1074 Redondo - Photo 8](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f3325511542r.jpg) ![1074 Redondo - Photo 9](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f3453206250r.jpg) ![1074 Redondo - Photo 10](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f95723037r.jpg) ![1074 Redondo - Photo 11](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f2103143799r.jpg) ![1074 Redondo - Photo 12](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f3543643423r.jpg) ![1074 Redondo - Photo 13](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f1517291282r.jpg) ![1074 Redondo - Photo 14](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f304957278r.jpg) ![1074 Redondo - Photo 15](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f1098384565r.jpg) ![1074 Redondo - Photo 16](http://lh.rdcpix.com/685a1de40faee33337f7cf2dda489a14l-f1025351679r.jpg) --- **MLS#:** PW26236605 | **Updated:** 2026-11-06 **Source:** listhub *Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1074-redondo-long-beach-ca-90804-c26f757dd15f40b8945a34ce3bb3874a) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1074-redondo-long-beach-ca-90804-c26f757dd15f40b8945a34ce3bb3874a#listing", "url": "https://www.propertysimple.ai/listing/1074-redondo-long-beach-ca-90804-c26f757dd15f40b8945a34ce3bb3874a", "name": "1074 Redondo, Long Beach, CA 90804", "description": "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. 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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 surveyed comparable average of $2,828. This measured underwriting approach provides investors with meaningful additional rental upside potential beyond projected income. Situated within Long Beach's established residential market, the property benefits from proximity to the city's diverse employment centers, coastal amenities, and expanding aerospace and technology sectors. 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