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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Juan Huizar, DRE #01417642 • Sage Real Estate Group, Inc.

$ 2,700,000

Est. payment | -/mo

6,241 Sqft Lot

Save

$ 2,700,000

Est. payment | -/mo

Save

6,241 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26163930

Year Built 1956

Lot Size 6,241 Sqft

Source California Regional MLS

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

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Laundry None

Exterior

Garage Spaces 4.0

Pool 31, None

View None

Building

Water District - Public

Others

Tax ID 7258007001

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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1090 Redondo Long Beach, CA 90804