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Key Details
Sold Price $1,630,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB26105099
Sold Date 10/02/26
HOA Y/N No
Year Built 1919
Lot Size 5,000 Sqft
Property Sub-Type Quadruplex
Property Description
FOUR DOORS, ONE LOT, WALKING DISTANCE TO THE WATER! 236 Redondo Ave is a turnkey four-unit property built for the buyer who wants a home and an income stream under the same deed. The front house lives like a single-family residence — a remodeled 2-bed/1-bath Craftsman with hardwood floors, mini-split AC, and the kind of curb appeal that makes the whole property show. Behind it, two fully upgraded studios sit mid-lot, each self-contained. A rear 1-bedroom with private entry completes the mix. Three of the four units have been fully renovated. What separates this from most small multifamily: real physical separation. Front house, mid studios, and rear unit each occupy their own zone of the lot. Tenants get privacy. So does the owner. That's rare in a four-unit footprint and it's why occupancy holds. Units can be delivered vacant, so you set your own rents and your own occupancy plan from day one — house-hack the front house and let the other three carry the note, or stabilize all four and run it as a pure income asset. As a 2-4 unit property, it qualifies for residential financing rather than commercial terms — a meaningful advantage for the owner-occupant buyer. Location does the heavy lifting on the rental side: one of Long Beach's most walkable, highest-demand corridors, minutes to Rosie's Dog Beach, the Naples Canals, Belmont Veterans Memorial Pier, and the shops and restaurants along 2nd Street and Broadway. Reported gross income: $126,000/year furnished. $105,000 stabilized straight-line. Income and expense figures per seller; buyer to verify all information independently.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Biking, Curbs, Dog Park, Fishing, Golf, Gutter(s), Park, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Front Yard, Near Public Transit, Rectangular Lot, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7264001015
Acceptable Financing Cash to New Loan, FHA, VA Loan
Listing Terms Cash to New Loan, FHA, VA Loan
Financing Cash to New Loan,Conventional
Special Listing Condition Standard
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Bought with Mary Ryan Pacific Sotheby's Int'l Realty
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