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1082 Redondo Ave 4,073 SF 100% Leased Office Building Long Beach, CA 90804 $1,575,000 ($386.69/SF) 5% Cap Rate
Investment Highlights
- High traffic street
- Ground level rollup door (8')
- Mixed use residential/commercial zoning
- Fenced in parking with security gate
- Can be a multi tenant building with up to 4 meters
- Easy access to DTLB and LA via Interstate 710, 405 & 605 Freeways
Executive Summary
This unique property includes a two-story building comprised of approximately 4,073 square feet on a 6,252 square-foot lot. The building features multiple entrances and ample Parking both on-site (8 spaces) and at nearby public spaces. A gated parking lot for security.
The office is upstairs and is approximately 2,035 sq ft with a large open area, a kitchen, two conference rooms, three bathrooms and two offices. The downstairs space is currently built out for retail, storage and/or distribution space which is approximately 2,035 sq ft. It includes a 8’H x 11’W roll-up door at the front allowing for drive-up access and. Inside, the each space offers a clear height of approximately 10 feet, providing efficient functionality for a wide range of uses. There are three electric meters with a provision for a fourth meter if needed.
The office is upstairs and is approximately 2,035 sq ft with a large open area, a kitchen, two conference rooms, three bathrooms and two offices. The downstairs space is currently built out for retail, storage and/or distribution space which is approximately 2,035 sq ft. It includes a 8’H x 11’W roll-up door at the front allowing for drive-up access and. Inside, the each space offers a clear height of approximately 10 feet, providing efficient functionality for a wide range of uses. There are three electric meters with a provision for a fourth meter if needed.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
4,073 SF
Building Class
C
Year Built
1977
Price
$1,575,000
Price Per SF
$386.69
Cap Rate
5%
NOI
$78,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,036 SF
Slab To Slab
10’
Building FAR
0.65
Lot Size
0.14 AC
Zoning
RMU4-A
Parking
8 Spaces (1.96 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | 7258-007-002 | Improvements Assessment | $238,221 |
| Land Assessment | $199,796 | Total Assessment | $438,017 |
Property Taxes
Parcel Number
7258-007-002
Land Assessment
$199,796
Improvements Assessment
$238,221
Total Assessment
$438,017
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1082 Redondo Ave
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