1090 Redondo, Long Beach, CA 90804
1090 Redondo, Long Beach, CA 90804
1090 Redondo, Long Beach, CA 90804
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Juan Huizar • Sage Real Estate Group, Inc.
$2,700,000
Est. payment /mo
9,851 SqFt
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Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 9,851 sqft

Price per Sqft $274

MLS Listing ID PW-26163930

Year Built 1956

Lot Size 6,241 Sqft

Property Sub-Type Commercial/Residential

Source California Regional Multiple Listing Service (CRMLS)

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

Fireplaces Type None

Laundry None

Exterior

Garage Spaces 4.0

Pool None

Community Features Curbs, Sidewalks, Street Lights

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

View Y/N No

View None

Building

Lot Description Corner Lot, 0-1 Unit/Acre

Sewer Public Sewer

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

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1090 Redondo