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2679 Redondo Ave - LENDER-OWNED REO LAND 1.3 Acres of Industrial Land Offered at $5,750,000 in Long Beach, CA 90806
Investment Highlights
- REO / LENDER-OWNED SALE
- IN-PLACE REVENUE OF $12,500 / MO.
- 5MW+ POWERED LAND
- INDUSTRIAL ZONING
- IRREPLACEABLE 405 FREEWAY 80' BILLBOARD SIGNAGE
Executive Summary
LENDER-OWNED REO LAND SALE
Cushman & Wakefield, Inc. is offering for sale 1.3 acres of industrial zoned land that includes an 80’ billboard sign fronting the 405 Freeway in Long Beach, California. The on-site billboard sign commands over 300,000 daily vehicle impressions, with one-mile of 405 Freeway visibility in both directions along one of Long Beach's highest-trafficked corridors.
Link to execute confidentiality agreement: https://onecap.cushmanwakefield.com/en/united-states/properties/for-sale/listing?recordId=a2NPq00000EwBuHMAV
Cushman & Wakefield, Inc. is offering for sale 1.3 acres of industrial zoned land that includes an 80’ billboard sign fronting the 405 Freeway in Long Beach, California. The on-site billboard sign commands over 300,000 daily vehicle impressions, with one-mile of 405 Freeway visibility in both directions along one of Long Beach's highest-trafficked corridors.
Link to execute confidentiality agreement: https://onecap.cushmanwakefield.com/en/united-states/properties/for-sale/listing?recordId=a2NPq00000EwBuHMAV
Property Facts
| Price | $5,750,000 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | Industrial |
| Sale Condition | REO Sale | Total Lot Size | 1.30 AC |
| No. Lots | 1 | Year Built | 1960 |
| Property Type | Land | ||
| Zoning | LBIM - IM (Medium Industrial) mid-tier industrial designation for manufacturing, warehousing, distribution, food processing and industrial services. | ||
| Price | $5,750,000 |
| Sale Type | Investment |
| Sale Condition | REO Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Industrial |
| Total Lot Size | 1.30 AC |
| Year Built | 1960 |
| Zoning | LBIM - IM (Medium Industrial) mid-tier industrial designation for manufacturing, warehousing, distribution, food processing and industrial services. |
1 Lot Available
Lot
| Price | $5,750,000 | Lot Size | 1.30 AC |
| Price Per AC | $4,439,369.41 |
| Price | $5,750,000 |
| Price Per AC | $4,439,369.41 |
| Lot Size | 1.30 AC |
Description
The property at 2679 Redondo Avenue is located adjacent to the Interstate 405 freeway in Long Beach, California. Positioned near Long Beach Airport and regional commercial districts, the parcel benefits from freeway visibility and significant traffic volume. The zoning designation supports a variety of industrial uses, and the location is served by electrical circuits with potential high-load capacity.
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 7212-022-020 | Improvements Assessment | $1,093,645 |
| Land Assessment | $3,007,525 | Total Assessment | $4,101,170 |
Property Taxes
Parcel Number
7212-022-020
Land Assessment
$3,007,525
Improvements Assessment
$1,093,645
Total Assessment
$4,101,170
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2679 Redondo Ave - LENDER-OWNED REO LAND
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