$ 2,700,000
-
$2,700,000
Price -
0
Bed -
0
Bath -
9,851
SqFt
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About the Listing 0173 - PHUIJUA
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Corner Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 4
- Roof:
- Others: Frame,Stucco,2+ Total Units
- Sewer:
Financial Details
- Tax Amount: $30,108
- Taxes w/Assessments: N/A
- Tax/Property ID: 7258007001
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1090 Redondo Long Beach, CA 90804
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