236 Redondo, Long Beach, California 90803, Long Beach, 90803 - 0 bed, 0 bath
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Long Beach, California 90803
This Turnkey Quadruplex represents a High-Potential Investment Opportunity, listed at $1,950,000. While priced slightly above the $1,882,186 Fair Market Value, the asset offers immediate stability through a $126K annual gross income. Featuring a Condition Rating of 2, the property includes three fully renovated units with modern finishes and private patio access. Located in a high-demand coastal corridor near Lowell Elementary (9/10), this asset provides a rare house-hack model. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing, income-generating coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 236 Redondo Subject | $1,950,000* List Price | 0 | 0 | 2,170 | $867 | - |
A 234 Lindero Avenue Active | $1,695,000 List Price | 3 | 4 | 2,244 | $755 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1919, three of the four units have been fully renovated with modern finishes, including shaker cabinets, quartz countertops, and stainless steel appliances. The addition of mini-split AC systems and the turnkey condition of the interiors and exterior indicate a high-quality renovation within the last 5 years.
Elementary School: Lowell Elementary School (9/10).
This turnkey quadruplex generates a robust $126K annual gross income with a versatile unit mix, allowing an owner-user to live in the remodeled front Craftsman while three units subsidize the mortgage.
Situated in a highly walkable, high-demand rental corridor, the property is just steps from the beach, Naples Canals, and Belmont Veterans Memorial Pier, ensuring long-term desirability and low vacancy.
Originally built in 1919, the property may require ongoing maintenance or future capital expenditures related to aging structural components typical of historic coastal homes.
Located in a dense beach community, the lack of specified off-street parking for all units may be a drawback for tenants and owners in a neighborhood known for difficult street parking.
LIVE STEPS FROM THE SAND WHILE 3-UNITS PAY YOUR MORTGAGE! Welcome to 236 Redondo Ave, a turnkey Belmont Shore 4-plex that checks every box for the buyer who wants a home and a portfolio. The front house is a remodeled 2-bed/1-bath Craftsman with hardwood floors, mini-split AC, and serious curb appeal. Behind it, two upgraded studios operate as furnished rentals — currently generating strong short-term income — and can be delivered vacant so you walk in with options. The rear 1-bedroom rounds out the unit mix with its own private entry and natural separation between all four units. Three of the four units have been fully renovated. The layout offers rare functional independence — front house, mid studios, and rear unit each occupy their own zone of the lot, giving tenants (and you) genuine privacy. All of this sits less than a mile from Rosie's Dog Beach, the Naples Canals, and Belmont Veterans Memorial Pier, in one of Long Beach's most walkable, high-demand rental corridors. Current gross income: $126K/year with furnished rentals. Stabilized at $105K straight-line. Either way, the asset pays.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,170 | 2,218.5 | 46% |
| Lot Size | 5,001 | 3,058.5 | 81% |
| Price | $1.95M | $1.61M | 88% |
| Price per sq ft | $899 | $793 | 73% |
| Built year | 1919 | 1944 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 135 | 4% |
May 19, 2026
$1,950,000
Initial Listing
Jan 15, 2016
$945,000
Public Record
Dec 6, 2006
$770,000
Public Record