Prime 8-Unit Investment Opportunity in the Heart of Long Beach! Introducing a turnkey multi-family asset in a highly desirable Long Beach location. This well-maintained 8-unit apartment building features a strong and versatile unit mix perfect for investor stability and tenant retention: 1 Unit – 4 Bed / 2 Bath 7 Units – 2 Bed / 1 Bath This blend of layouts caters to both families and working professionals, offering a valuable balance of size, affordability, and long-term leasing appeal. Property Highlights; ·New Exterior Paint (2024): Fresh, modern curb appeal and reduced maintenance costs. ·New Garage Doors with Motors (2024): Updated for security, ease of use, and tenant satisfaction. ·Attractive Actual 5.18% CAP with Pro-Forma 6.43% CAP Rate. ·Immediate Cash Flow from Day 1. ·Stable Tenant Base: Strong demand and consistent occupancy in a high-rent-growth market. Neighborhood Features; Situated in the sought-after Belmont Heights/Alamitos Beach area, this property is just minutes from: ·Walking distance to the beach ·Local boutiques, cafes, and dining on Broadway and 4th Street ·Close proximity to California State University, Long Beach (CSULB) ·Bike-friendly streets and access to public transit This central location combines urban convenience with a coastal lifestyle—ideal for tenants and a major draw for potential rent upside. Whether you're a seasoned investor or looking to expand your portfolio, 362 Redondo Ave offers both strong existing income and upside potential in one of Southern California’s most vibrant rental markets. Don’t miss this opportunity to own a highly desirable multi-family asset in coastal Long Beach.