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1525 Redondo Ave, Long Beach, CA 90804
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1525 Redondo Ave Long Beach, CA 90804

$987,785 Sold Price as of 09/24/2021
  • 3 Beds
  • 4 Baths
  • 2,264 Sq.Ft.
Sold
$987,785 Sold Price as of 09/24/2021 Refinance Your Mortgage
Map preview of 1525 Redondo Ave, Long Beach, CA 90804

Property Overview: 1525 Redondo Ave Long Beach, CA has 3 bedrooms, 4 bathrooms, 2,264 living square feet and 7,262 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Best investment property in Long Beach! Own a piece of history plus own a unique custom triplex - there is nothing else like this! Dorothy could tap her ruby red slippers and transport to Kansas... but who wants to go to Kansas? Southern California is the place you wanna be! Specifically, Long Beach near the ocean with cool breezes and so many great things to do. This triplex is a great "trophy" property with one studio/1 bathroom unit, one 1 bedroom/1 bathroom unit plus a 1-2 bedroom/2 bathroom unit. A rare Dutch Colonial architectural style property built in the 1930's on a large 7000+ sf lot. Originally it was built as a custom single family home but is now a triplex and could be modified into a fourplex. Framed by an adorable white picket fence and an incredible specimen tree in the front yard as well as one in the back !Totally private with potential RV/boat storage plus parking for up to six or more cars on the property. The property is fully rented with wonderful tenants and is located near Coast Highway. Located close to freeways, shopping, colleges and other amenities. Huge rear yard with two huge sheds for storage. Potential for adding 1-2 ADU's!

Listed by Duane Beisner | BRE #00922327 | Coldwell Banker Realty
Last checked: 17 seconds ago | Last updated: April 8th, 2024 | Source CRMLS | DOM: 114

Home details

Lot Sq. Ft
7,262
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
OC21066531
City
Long Beach
County
Los Angeles
Time on Site
1080 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $955
  • Total Rent: $11,460
  • Pro Forma/Market Rent: $11,460
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $15,540
  • Pro Forma/Market Rent: $15,540
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $24,000
  • Pro Forma/Market Rent: $24,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 5.16
  • Gross Scheduled Income: $51,000
  • Net Operating Income: $39,501
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Other Income Description: NA
Annual Expense Breakdown
  • Total Operating Expense: $11,499
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $3,405
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $1,800
  • Insurance: $1,238
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $3,696

Virtual Tour

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Property Details for 1525 Redondo Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Electric, Natural Gas
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Dining Room, Living Room
Room Information
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Two Masters
Kitchen Information
  • Has Appliances
  • Built-In Range, Free-Standing Range, Disposal, Gas Range, Water Heater
Interior Features
  • Balcony, Ceiling Fan(s), Crown Molding
  • Levels: Two
  • Window Features: French/Mullioned, Wood Frames
Exterior Features
Exterior Information
  • Roof: Asphalt
  • Has Fence
  • Average Condition
  • Other Structures: Shed(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Boat, Driveway, Concrete, RV Access/Parking, RV Gated
Lot Information
  • Lot Features: 6-10 Units/Acre, Back Yard, Corner Lot, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Treed Lot, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • View: None, See Remarks
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 7259006013
  • Year Built Source: Assessor
  • Architectural Style: Colonial
  • Entry Level: 1
  • Foundation Details: Pillar/Post/Pier
  • Property is Attached
  • Accessibility Features: Other
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Assessments: None, Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Take Coast Highway to Redondo Avenue them take a right and look for property near Ransom cross street.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1525 Redondo Ave

Last sold for $987,785 on September 24th, 2021

  • April, 2024

  • Apr 8, 2024

    Date

    Canceled

    CRMLS: WS24024397

    $1,299,900

    Price

  • Feb 5, 2024

    Date

    Active

    CRMLS: WS24024397

    $1,299,900

    Price

  • Listing provided courtesy of CRMLS

    Introducing 1525 Redondo Avenue, a lucrative investment opportunity with immediate upside potential with Ready to Issue permits for 2 ADUs consisting of est. 1,400 additional square feet. Nestled on a spacious est. 7,000 square foot lot, this colonial-style quadplex presents a rare chance to own a versatile income-generating property. Two of the units are tastefully remodeled. 3rd and possible 4th units with huge upside potential as well. Conveniently positioned near colleges, downtown Long Beach, and the ocean, this centrally located property offers great access to Long Beach and the greater Los Angeles area while being just minutes away from Belmont Shores. Whether you're seeking a cash flowing investment opportunity or a delightful place to call home, this property offers the best of both worlds.

  • September, 2021

  • Sep 24, 2021

    Date

    Sold

    CRMLS: OC21066531

    $987,785

    Price

  • Sep 17, 2021

    Date

    Pending

    CRMLS: OC21066531

    $987,785

    Price

  • Aug 11, 2021

    Date

    Active Under Contract

    CRMLS: OC21066531

    $987,785

    Price

  • Jul 31, 2021

    Date

    Active

    CRMLS: OC21066531

    $987,785

    Price

  • Jul 20, 2021

    Date

    Active Under Contract

    CRMLS: OC21066531

    $987,785

    Price

  • Jul 5, 2021

    Date

    Active

    CRMLS: OC21066531

    $987,785

    Price

  • Jul 2, 2021

    Date

    Active Under Contract

    CRMLS: OC21066531

    $987,785

    Price

  • Jun 29, 2021

    Date

    Active

    CRMLS: OC21066531

    $987,785

    Price

  • Jun 15, 2021

    Date

    Active Under Contract

    CRMLS: OC21066531

    $987,785

    Price

  • May 26, 2021

    Date

    Active

    CRMLS: OC21066531

    $987,785

    Price

  • May 16, 2021

    Date

    Active Under Contract

    CRMLS: OC21066531

    $987,785

    Price

  • May 4, 2021

    Date

    Active

    CRMLS: OC21066531

    $987,785

    Price

  • May 1, 2021

    Date

    Pending

    CRMLS: OC21066531

    $987,785

    Price

  • Apr 16, 2021

    Date

    Active

    CRMLS: OC21066531

    $987,785

    Price

  • April, 2008

  • Apr 3, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1525 Redondo Ave

Assessed Value (2020): $230,807
Year Land Value Improved Value Assessed Value
2020 $111,679 $119,128 $230,807

Home Value Compared to the Market

This property vs the competition

1525 Redondo Ave sold on September 24, 2021 for 29.97% higher than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $436.3 per/sqft which puts the price per square foot 31.07% lower than the current median sale per square foot for the city of Long Beach.

About 1525 Redondo Ave

Detailed summary of property

1525 Redondo Ave is a triplex that recently sold in Long Beach, CA 90804. This triplex offered 3 bedrooms, 4 bathrooms, roughly 2,264 living square feet, and sits on an approximately 7,262 square foot lot. 1525 Redondo Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $987,785. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 29.97% higher than the current median priced home. Local homes that are currently for sale include 2185 Elm Ave, 3409 Walnut Ave and 3617 Cherry Ave. While the average home in Long Beach, CA is selling in 56 days, 1525 Redondo Ave has a days on market of 114 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 1525 Redondo Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1525 Redondo Ave

Public county record property details
Beds
1
Baths
4
Year built
1930
Sq. Ft.
2,264
Lot Size
7,261
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19,23
APN
7259-006-013

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$519,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$642,000
Median Sold Price/Sq.Ft.
$584
Total Inventory
41
Median Sale to List Price %
95.82%
Avg Days on Market
25
Loan Type
Conventional (83.33%), FHA (0%), VA (0%), Cash (0%), Other (16.67%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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