
Long Beach, California 90804
This 8-unit mixed-use Strong Value Opportunity is listed at $2,700,000, positioned well below the $2,913,660 Fair Market Value by 7%. This valuation gap offers $213,660 in Instant Equity. Featuring LBCNR Zoning and a Good Condition Rating, the asset provides a stable, fully leased income stream with significant upside. Its prime corner location and proximity to top-rated schools like Fremont Elementary make it a premier choice for Buy-and-Hold Investors or Commercial Real Estate Developers seeking long-term appreciation in Long Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1090 Redondo Subject | $2,700,000* List Price | 0 | 0 | 9,851 | $296 | - |
A 1036 Saint Louis Active | $2,345,000 List Price | 0 | 0 | 6,770 | $346 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1956, the property is professionally maintained and features recent, high-end renovations in the commercial units (salon and tattoo studio) that meet 'Excellent' criteria. The overall structure and residential units appear well-maintained and fully functional for a turnkey investment, placing the collective asset in the 'Good' category despite its chronological age.
Elementary School: Fremont Elementary School (9/10).
The mixed-use composition of three retail storefronts and five residential units provides a balanced risk profile and stable cash flow from multiple sectors.
Strategically located on the high-traffic corner of Redondo Ave and E. 11th St, the property offers excellent street frontage and visibility for its commercial tenants.
With only four parking spaces serving eight total units, the property has a significant parking deficit that may challenge residential tenants and commercial customers.
Built in 1956, the property may require higher long-term maintenance budgets or capital expenditures for aging infrastructure compared to modern developments.
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.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 9,851 | 3,749.222 |
| Lot Size | 6,241 | 5,654.444 |
| Price | $2.70M | $1.44M |
| Price per sq ft | $274 | $381 |
| Built year | 1956 | 1928 |
| HOA | $0 | $0 |
| Days on market | 42 | 92 |
Jul 29, 2026
$2,700,000
Initial Listing
Oct 20, 2016
$1,860,000
Public Record
Dec 24, 2002
$560,000
Public Record