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$2,700,000

Est. payment - /mo

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6,242 Sqft Lot

New

1090 Redondo Long Beach, CA 90804

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26150787

HOA Y/N No

Year Built 1956

Annual Tax Amount $30,108

Tax Year 2025

Lot Size 6,242 Sqft

Property Sub-Type Mixed Use

Property 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.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Fence Wrought Iron

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 4

Building

Lot Description 0-1 Unit/Acre, Corner Lot

Story 2

Water Public

Others

Tax ID 7258007001

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Juan Huizar Sage Real Estate Group, Inc. 562-307-0838, DRE #01417642

NEARBY SCHOOL & BUSINESS

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