1090 Redondo,Long Beach, CA 90804
Long Beach, CA 90804
Description
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 ground-floor 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.
Details
| MLS # | PW26150787 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 66 |
| Listing Provided By | Sage Real Estate Group, Inc. | Juan Huizar |
Features
| SQ Feet | 9,851 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Acreage | 0.14 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | Frame, Stucco |
|---|---|
| Lot Features | Zero To One Unit Acre, Corner Lot |
| Fencing | Wrought Iron |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Electricity On Property |
Taxes
| Property | 30108 |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90804 |
| Area | 3 Eastside | Circle Area |
| Listing VS Median (in 90804) | |
Price: $2,700,000 low | high Med: $1,600,000 sqft: 9,851 low | high Med: 8,443 $ / sqft: $274 low | high Med: $190 On site: 66 low | high Med: 12 | |
Market Activity 90804
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90804 |
| Area | 3 Eastside | Circle Area |
| Listing VS Median (in 90804) | |
Price: $2,700,000 low | high Med: $1,600,000 sqft: 9,851 low | high Med: 8,443 $ / sqft: $274 low | high Med: $190 On site: 66 low | high Med: 12 | |
