DRE #00338699
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1625 Redondo Avenue $11,965,000

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1625 Redondo Avenue Long Beach, CA 90804

  • 0 Beds
  • 0 Baths
  • 32,841 sq.ft.
  • Multi-Family
MLS# OC18230318
SOLD 2/11/2019

$11,965,000

Market Estimate
Days On Market: 125 2 Views
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Property Details

Redondo Terrace is a 36-unit multifamily investment property located in Long Beach, California. The property is located within the highly sought after Eastside neighborhood of the city. The area provides a strong, diverse tenant base, easy transportation access, and proximity to a wide range of retail options. The property also sits within two miles of California State University, Long Beach. Situated on a 0.76-acre lot, the 32,841 square foot property consists of studio, one-, and two-bedroom floor plans and offers amenities including ample garage parking, controlled access, private balconies, a central courtyard, elevator, and on-site laundry. Thirty-one of the units have been significantly renovated with upgraded kitchen stainless steel appliances, quartz countertops, vinyl flooring, and updated bathrooms. Additionally, there are numerous third-floor units with ocean and city views.

  • General Features
    • Number Of Units Leased 36
    • Number Of Separate Water Meters 0
    • Number Of Separate Electric Meters 0
    • Number Of Separate Gas Meters 0
    • Number Of Units Total 36
    • Year Built 1971
    • Subdivision Name Circle (CA)
    • County Or Parish Los Angeles
    • Number Of Buildings 1
    • Community Features Sidewalks, Street Lighting
  • Building Features
    • Heating Radiant
    • Laundry Features Community
  • Property Features
    • Lot Size Acres 0.76
    • Lot Features Corner Lot, Landscaped
    • Pool Private Y/N 0
    • Pool Features None
    • Parking Total 39.00

Neighborhood

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Market Last 30 Days

Market information available exclusively for Property Watch members

Property History

Date Event Price Percent Change
-- New in Database Source
2/11/2019 12:00:00 AM Sold Source New Value: $11,965,000

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Based on information from California Regional Multiple Listing Service, Inc. as of 6/19/2019 6:57:26 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.