$999,000
-$76,000247 Redondo, Long Beach CA 90803
Multi-Family (Duplex)
Property type
113 days
On market
$518
Price per sqft
2 cars
Garage
1924
Year built
3,593 sqft
Lot size
Home highlights
Open Houses
Overview
Prime Belmont Heights Duplex. Residential and/or Commercial. **Fixer** Property is zoned CNR, which is a mixed-use district permitting small scale commercial uses and/or moderate density residential. Previously the lower unit was used as an office; however it can be used/converted to residential if you prefer. The (downstairs unit) office includes built-in book shelving,...
Listing provided by: Mark Kachigan DRE #00644779, Pabst, Kinney & Associates
Listing updated: Jun 1, 2026 at 07:54pm.
Last checked: Jun 5, 2026 at 11:00am
Source: CRMLS #PW26004876
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 1 | 1 | $0 | $0 | $2,500 | Unfurnished |
| 1 | 1 | 1 | 1 | $0 | $0 | $2,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Rent Control: Yes
Tenant Pays: Electricity, Gas, Trash Collection
Financial Snapshot
Gross Rent Multiplier
16.7x
List Price / Annual Gross Rent
Cap Rate
4.08%
NOI / List Price
Gross Scheduled Income: $60,000
Vacancy Allowance: $1,800
Vacancy Allowance Rate: 3%
Operating Expense: $17,460
Net Operating Income: $40,740
Annual Operating Expenses
Insurance: $0
Trash: $0
Water / Sewer: $0
Interior
Flooring: Laminate, Wood
Cooling: Central Air
Heating: Forced Air
Fireplace: None
Laundry: None
Entry Location: 1
Exterior
Architectural Style: Spanish
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Composition
Foundation: Raised
Construction Materials: Stucco
Common Walls: One Common Wall
Lot Features: Back Yard, Level, Near Park, Near Public Transit, Rectangular Lot, Street Level, Walkstreet
Pool: None
Spa: None
Fencing: Chain Link, Wood
Water Source: Public
Sewer: Public Sewer
Electric: Electricity On Property
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View: None
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Concrete, Driveway Level, Driveway, Garage Faces Front, Garage
Garage Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7264004030
Additional Parcels: No
Tax Lot: 4
Zoning: CNR
Tax Block: B
Lot Size Dimensions: 45 X 80
Lot Dimensions Source: Assessor
Subdivision: Belmont Heights (BH)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Storm Drains, Street Lights, Sidewalks, Park
Nearby Schools
Nearby schools around the 247 Redondo, Long Beach, CA 90803. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$799,200
Total Interest
$1,019,336
Total Payment
$1,818,536
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,242
per month
Property History for 247 Redondo
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90803.
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