1090 Redondo Ave - Storefront Retail/Residential FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$2,700,000 USD
1090 Redondo Ave, Long Beach, CA for Sale
$2,700,000 USD
Storefront Retail/Residential - FOR SALE
1/31
null | 6.2% Cap Rate

1090 Redondo Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Largest building in the comparable set at 9,851 SF — more square footage than any of the six Long Beach storefront retail/residential comps
  • Mixed-use "Store & Resid" zoning (LBCNR) broadens the buyer pool to owner-users and investors alike
  • Priced below the comp average on a price-per-square-foot basis ($274.08/ SF vs. $326.45/SF average)

OVERVIEW

Exceptional opportunity to acquire a fully leased 8-unit mixed-use investment strategically positioned on the highly visible corner of Redondo Ave and E. 11th St. in Long Beach’s desirable Eastside/Circle Area. The property consists of three groundfloor retail storefronts and five residential units (four 1-bedroom/1-bath units and one 3-bedroom/2-bath unit), totaling approximately 9,851 square feet on a 6,241 square foot lot. The asset offers excellent street frontage, strong visibility, and professionally maintained commercial spaces occupied by established local businesses. Recent tenant improvements include beautifully renovated salon and tattoo studio interiors, enhancing the property’s appeal while supporting a diversified income stream. The residential units provide stable cash flow with additional rental upside through future turnover. Currently generating approximately $251,515 in annual scheduled gross rental income, this investment offers stable in-place income with future rental growth potential and long-term appreciation. Additional features include four on-site parking spaces, LBCNR (Store & Residential) zoning, and a highly walkable location with convenient access to Belmont Heights, Recreation Park, California State University Long Beach, Downtown Long Beach, and major transportation corridors. 1090 Redondo Avenue presents an outstanding opportunity for investors seeking a well-maintained mixed-use asset in one of Long Beach’s most desirable rental markets.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CNR, Long Beach

APN/PARCEL ID

7258-007-001

ASK ABOUT THIS PROPERTY

Juan HuizarSage Real EstateMore Info

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