247 Redondo, Long Beach, California 90803, Long Beach, 90803 - 0 bed, 0 bath
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Long Beach, California 90803
This Prime Belmont Heights Duplex Fixer is listed at $1,175,000, a price point supported by the $1,127,747 Fair Market Value and the area's limited inventory. Currently in Fixer Condition, the property represents a significant Value-Add Opportunity through its CNR Mixed-Use Zoning and ADU Potential. Featuring two garages, a large concrete patio, and Redondo Ave Frontage near Lowell Elementary School (9/10), the asset is primed for forced appreciation. This is an ideal acquisition for Value-Add Investors or Owner-Users targeting a high-visibility mixed-use project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 247 Redondo Subject | $1,075,000* List Price | 0 | 0 | 1,928 | $585 | - |
A 236 Temple Avenue Sold | $1,310,000 | 0 | 0 | 1,700 | $771 | 0.4 mi |
B 61 Bennett Sold | $1,424,003 | 0 | 0 | 2,362 | $603 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924 and explicitly marketed as a 'fixer,' this property requires substantial renovation and modernization. The listing description and property analysis highlight significant deferred maintenance and the need for a major capital investment to update the century-old structure, kitchens, and bathrooms to meet current market standards.
Elementary School: Lowell Elementary School (9/10).
The CNR zoning permits both small-scale commercial and residential uses, offering a rare opportunity for an owner-user to operate a business with rental income or convert the entire property to high-density residential.
With two detached garages and a large concrete patio, the property provides a significant footprint for potential expansion or the construction of an Accessory Dwelling Unit (ADU) to maximize rental yield.
Explicitly listed as a 'fixer,' the property requires substantial capital investment to address deferred maintenance and modernize the 1924 structure to meet current market standards.
At a list price of $1.175M, the initial acquisition cost is high for a property requiring major repairs, which may challenge the immediate return on investment for traditional flippers or developers.
Prime Belmont Heights Duplex. Residential and/or Commercial. **Fixer** Property is zoned CNR, which is a mixed-use district permitting small scale commercial uses and/or moderate density residential. Previously the lower unit was used as an office; however it can be used/converted to residential if you prefer. The (downstairs unit) office includes built-in book shelving, central Air Conditioning and FAH. The upstairs is a residential large 1 Bedroom rental. There are two garages in the rear along with a large concrete patio that can be used for additional parking, entertaining or build an ADU? Rare opportunity with Redondo St. frontage. This is your opportunity to have your own Redondo Ave. street frontage - office with income above and parking too! See attached supplements and Virtual Tour.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 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 | 1,928 | 2,280.5 | 38% |
| Lot Size | 3,593 | 3,218 | 67% |
| Price | $1.07M | $1.51M | 17% |
| Price per sq ft | $558 | $715 | 21% |
| Built year | 1924 | 1942 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 149 | 33% |
Apr 18, 2026
$1,075,000
$1,175,000
-9% Price Drop
Initial Listing
Feb 12, 2026
$1,175,000
Initial Listing