236 Redondo

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236 Redondo

Long Beach, CA 90803
Asking Price
$1.85M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Long Beach
  • Asset features a total of four individual residential units
  • Located at 236 Redondo within the 90803 ZIP code
  • Priced for acquisition at a total of 1,849,000 dollars
  • Situated in a prime Southern California coastal residential market

What's Special

This multifamily property is currently available for sale, providing a strategic acquisition for investors looking to expand their residential portfolio. Situated at 236 Redondo in Long Beach, California, the asset consists of 4 units, making it well-suited for both seasoned operators and those entering the income-generating property market. Long Beach serves as a major hub within the Los Angeles metropolitan area, benefiting from a robust coastal economy, consistent rental demand, and proximity to major regional employment centers. Its location in the 90803 ZIP code places it within a sought-after urban environment known for its diverse housing stock and maritime accessibility. Given the current configuration of the building, the apartment complex offers long-term potential for stable cash flow through professional management and unit optimization. Prospective buyers will find this an efficient addition to a balanced real estate portfolio, capitalizing on the underlying strength of the Southern California rental sector and the sustained desirability of the local neighborhood.

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NOI
$80,000
Cap Rate
4.33%
DSCR
0.73
Underwater
Cash-on-Cash
-5.37%
Monthly Payment
$9,147.843
Annual Cash Flow
$-29,774.118

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