341 Redondo, Long Beach, California 90814, Long Beach, 90814 - 0 bed, 0 bath
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Long Beach, California 90814
Analysis of 341 Redondo, Long Beach, California 90814 is currently available with a list price of $1,200,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a well-maintained 1923 triplex that shows pride of ownership but remains largely dated in its interior finishes. While the exterior has recent paint and a newer roof, the kitchens and bathrooms feature older tile countertops, dated linoleum flooring, and window AC units rather than central HVAC. The infrastructure is functional but reflects its age, fitting the 'fair' criteria of being aged but maintained through regular upkeep without a recent comprehensive renovation.
This mixed-use triplex features live/work zoning and a diversified income stream from both residential and commercial tenants, generating a strong $7,000 gross monthly income.
The property offers a significant opportunity for density increase by converting the existing two-car garage and laundry facility into an Accessory Dwelling Unit (ADU).
With 40 years of pride of ownership, the property is well-maintained and features a newer roof, recent paint, and a new cement driveway, minimizing immediate capital expenditures.
The frontage on Redondo Avenue subjects the units to significant street noise and high traffic volume, which may be a deterrent for some residential tenants.
Built in 1923, the century-old structure may require ongoing specialized maintenance or future upgrades to aging electrical and plumbing systems common to buildings of this era.
Triplex in Belmont Heights. Vibrant Redondo Avenue frontage. Live/work allowed under zoning. Duplex in the front, free standing cottage in the back above a two car garage with lots of parking, extra storage/laundry room. Well maintained with pride of ownership. Recent paint, roof, and cement driveway. Low maintenance, tenants pay all utilities. One unit currently available for owner/operator. Seller will guarantee lease income for three months. Total actual gross income of $7000 from all three units. Low maintenance, low expenses, tenants pay all utilities, and they take care of monthly landscaping. One unit is rented to a hair salon with almost 2 years left on the lease with interest in extending for 5 years. Back building is a large one bedroom apartment on a month to month basis which includes the two car garage and storage/laundry room. Possible garage conversion to an ADU utilizing the two car garage and laundry facility. Seller has owned and managed the property for 40 years.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1923 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 29, 2026
$1,200,000
Initial Listing
Jun 20, 2006
$250,000
Public Record