$11,965,000
$12,250,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
32,841 SqFt
SOLD DATE : 02/11/2019
Key Details
Sold Price $11,965,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 32,841 sqft
Price per Sqft $364
Subdivision Circle (Ca)
MLS Listing ID OC18230318
Sold Date 02/11/19
HOA Y/N No
Year Built 1971
Lot Size 0.760 Acres
Property Description
Redondo Terrace is a 36-unit multifamily investment property located in Long Beach, California. The property is located within the highly sought after Eastside neighborhood of the city. The area provides a strong, diverse tenant base, easy transportation access, and proximity to a wide range of retail options. The property also sits within two miles of California State University, Long Beach.
Situated on a 0.76-acre lot, the 32,841 square foot property consists of studio, one-, and two-bedroom floor plans and offers amenities including ample garage parking, controlled access, private balconies, a central courtyard, elevator, and on-site laundry. Thirty-one of the units have been significantly renovated with upgraded kitchen stainless steel appliances, quartz countertops, vinyl flooring, and updated bathrooms. Additionally, there are numerous third-floor units with ocean and city views.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR3T
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Radiant
Fireplace No
Laundry Common Area
Exterior
Garage Community Structure
Garage Spaces 39.0
Garage Description 39.0
Pool None
Community Features Street Lights, Sidewalks
Parking Type Community Structure
Total Parking Spaces 39
Private Pool No
Building
Lot Description Corner Lot, Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 7259004045
Energy Description 3375.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Tyler Leeson • Marcus & Millichap RE Invest
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CEO | DRE# SA695240000 | DRE# 02100184