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279 Redondo Ave Long Beach, CA 90803

$1,515,000 Sold Price as of 02/17/2022

4 Beds
4 Baths
2,396 Sq.Ft.

Sold

$1,515,000 Sold Price as of 02/17/2022 Refinance Your Mortgage

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Map preview of 279 Redondo Ave, Long Beach, CA 90803

Property Overview: 279 Redondo Ave Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,396 living square feet and 6,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 279 Redondo Ave., an amazing 3 unit property located in highly desirable Belmont Heights, just blocks to the beach and trendy shopping & dining in Belmont Shore! The front home is a classic 1920 Craftsman offering 2 bedrooms + an office & 2 baths in approximately 1400 square feet of living space. Perfectly blending modern conveniences with the charm & character of a bygone era, features include a beautifully remodeled kitchen upgraded with granite counters, cool glass tile backsplash, custom cabinetry & stainless steel appliances. Warm laminate wood flooring flows throughout the living room & dining room—accented by crown molding & a period style chandelier-- & both bedrooms, while each bathroom has been tastefully remodeled in a neutral palette. A long driveway offers abundant off street parking and leads to spacious backyard with 2 charismatic 1 bedroom 1 bath units (approximately 550 sq. ft. each) over 4 garages. Copper plumbing, tank-less water heater, a newer roof & endless possibilities make this property perfect for an owner occupant or the savvy investor.

Listed by Sue La Bounty | BRE #01161648 | First Team Real Estate

Last checked: 10 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft: 6,250
HOA Dues: $0/mo
Year built: 1920
Garage: 4 Car
Property Type:: Triplex

Status: Sold
MLS#: OC22007853
City: Long Beach
County: Los Angeles
Time on Site: 853 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2
# of Electric Meters: 4
# of Gas Meters: 3
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,000

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,595
Total Rent: $1,595
Pro Forma/Market Rent: $1,900

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,595
Total Rent: $1,595
Pro Forma/Market Rent: $1,900

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $74,400
Net Operating Income: $0
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $0
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 279 Redondo Ave

Interior Features

Heating Information

Has Heating
Wall Furnace

Laundry Information

Has Laundry
Inside, See Remarks

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 6

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 3
Parcel Number: 7257029018
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Belmont Heights (BH)
Directions: North of Broadway, South of 3rd St.

Neighborhood Information

Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

View more facts & features

Local Long Beach Agent

Sale History for 279 Redondo Ave

Last sold for $1,515,000 on February 17th, 2022

February, 2022
Feb 18, 2022

Date

Sold

CRMLS: OC22007853

$1,515,000

Price
Feb 9, 2022

Date

Pending

CRMLS: OC22007853

$1,495,000

Price
Jan 21, 2022

Date

Active Under Contract

CRMLS: OC22007853

$1,495,000

Price
July, 2021
Jul 13, 2021

Date

Price Change

CRMLS: PW21083271

$1,499,000

Price
Apr 20, 2021

Date

Active

CRMLS: PW21083271

$1,500,000

Price
Listing provided courtesy of CRMLS

This is a beautiful 3 unit income property with a private courtyard. Located on the East Side of Long Beach this property consists of a Craftsman Style front house with 2Bed/1Bath with (1400sf) and detached two 1Bed/1Bath units(550Sf each). There are also 4 covered garages for potential added income. Kitchen in the front house was recently updated with new cabinets, granite countertops and stainless steel appliances. Front house and rear property both have been updated with copper plumbing and they both have a 17 year old roof with a 40-year warranty. Front house is currently vacant and is a perfect opportunity for the new owner to occupy as there are various financing options available through numerous Lenders with some aggressive financing rates. Very close to Downtown, Belmont Shore, Convention Center, Aquarium, beaches, lots of great restaurants, parks and fun activities. Property is also close to highly sought-after Alamitos Beach neighborhood and is just steps away from Junipero Beach and Alamitos Beach, two of the city’s most popular beaches. The property is also close to Retro Row, which offers numerous shopping, dining, and entertainment options. 279 Redondo Ave is very close to The Promenade and the Pike Outlets, providing residents with easy access to a plethora of shopping and dining destinations. Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable markets. Given the overall strength of the apartment market in Long Beach, and specifically the fundamentals within Alamitos Beach, 279 Redondo Ave offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. Please don't hesitate to reach out with any questions .

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June, 1999
Jun 18, 1999

Date

Sold (Public Records)

Public Records

$297,000

Price

Tax History for 279 Redondo Ave

Assessed Value (2020): $425,927

Year	Land Value	Improved Value	Assessed Value
2020	$315,357	$110,570	$425,927

Home Value Compared to the Market

This property vs the competition

279 Redondo Ave sold on February 17, 2022 for 86.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $623.96 per/sqft which puts the price per square foot 1.27% lower than the current median sale per square foot for the city of Long Beach.

About 279 Redondo Ave

Detailed summary of property

279 Redondo Ave is a triplex that recently sold in Long Beach, CA 90803. This triplex offered 4 bedrooms, 4 bathrooms, roughly 2,396 living square feet, and sits on an approximately 6,250 square foot lot. 279 Redondo Ave was first listed on ArdentRealEstateGroup.com on January 14, 2022. The homeowner sold the property for $1,515,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 86.88% higher than the current median priced home. Local homes that are currently for sale include 1120-1124 E Hellman St, 1825 Cherry Ave and 1000 E 10th St. While the average home in Long Beach, CA is selling in 51 days, 279 Redondo Ave has a days on market of 7 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 279 Redondo Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 279 Redondo Ave

Public county record property details

Beds: 4
Baths: 3
Year built: 1920
Sq. Ft.: 2,396
Lot Size: 6,250
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 17
APN: 7257-029-018

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,499,980

Median List Price/Sq.Ft.

$856

Median Sold Price

$1,600,000

Median Sold Price/Sq.Ft.

$672

Total Inventory

113

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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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.