Two-Story Flex Building with
For Sale
Contact for pricing
1082-1084 Redondo Avenue, Long Beach, CA 90804
Two-story flex facility with office upstairs and drive-up roll-up access plus secured, gated parking.
Property Size4,073 SF
Price / SF$386.69
Days on Market62
Property Features for 1082-1084 Redondo Avenue
General Information
Standard status
Active
Size
4,073 SF
Total Parking Spaces
8
Property subtype
Mixed Use, Office
Zoning
RMU4
Investment Type
Owner/User
Building Details
Year Built
1977
Stories
2
Listing Agency:
Coldwell Banker Commercial BLAIR
(657) 301-4137
Listed By:
George Bustamante · License #CA 01484265
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Jul 31 at 1:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial BLAIR
Investment Insights
Based on property information with market context.
This two-story flex building offers approximately 4,073 square feet on a 6,252 square-foot lot, with multiple entrances and a practical mix of office and flexible space. The upstairs office is approximately 2,000 square feet and includes a large open area, a kitchen, two conference rooms, two offices, and three bathrooms. The downstairs portion is built out for retail, storage, and/or distribution uses and features an 8'H x 11'W roll-up door at the front for drive-up access. Interior clear height is approximately 10 feet, supporting a wide range of light industrial and service-oriented operations. The property includes three electric meters with provision for a fourth, and current power is 200 amps.
Situated on a highly trafficked corridor of Redondo Ave in Long Beach, the property provides convenient regional connectivity to Downtown Long Beach and Los Angeles via Interstate 710, 405, and 605. It is located north of the Port of Long Beach and offers on-site parking for eight vehicles, along with additional parking at nearby public spaces. A gated parking lot supports added security for occupants and visitors.
The layout is well-suited for an owner-user or operator needing office space with direct access to a flexible, roll-up served ground floor. With clear-height warehouse/functionality downstairs and dedicated office configuration upstairs, the property can support businesses that combine customer-facing retail, storage, or distribution with administrative space.
Situated on a highly trafficked corridor of Redondo Ave in Long Beach, the property provides convenient regional connectivity to Downtown Long Beach and Los Angeles via Interstate 710, 405, and 605. It is located north of the Port of Long Beach and offers on-site parking for eight vehicles, along with additional parking at nearby public spaces. A gated parking lot supports added security for occupants and visitors.
The layout is well-suited for an owner-user or operator needing office space with direct access to a flexible, roll-up served ground floor. With clear-height warehouse/functionality downstairs and dedicated office configuration upstairs, the property can support businesses that combine customer-facing retail, storage, or distribution with administrative space.
Key Highlights
- Two‑story flex building on a 6,252 SF lot with approximately 4,073 SF total building area (1977).
- Upstairs office space is approximately 2,000 SF with a large open area, kitchen, 2 conference rooms, 3 bathrooms, and 2 offices.
- Downstairs is built out for retail and storage/distribution, including an 8' H x 11' W roll‑up door with drive‑up access.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,776
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,075,520
$2.1M
Cap Rate 7%
$1,482,514
$1.5M
Cap Rate 9%
$1,153,067
$1.2M
Market Conditions
NOI Build-Up for 4,073 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$185.7K $45.60/SF
− Vacancy
−$47.4K −$11.63/SF
EGI
$138.4K $33.97/SF
− OpEx
−$34.6K −$8.49/SF
NOI
$103.8K $25.48/SF
Area
Long Beach, CA
Vacancy
25.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,075,520
Cap Rate 7%
$1,482,514
Cap Rate 9%
$1,153,067
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,776 @ 7.0% cap · market cap 6.59%
Second Best
Flex RnD
$853.2K
$746.6K – $995.4K
NOI $59,726 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,647 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,805
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex facility with office upstairs and drive-up roll-up access plus secured, gated parking.
Where is this flex space located?
The property is located at 1082-1084 Redondo Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Two‑story flex building on a 6,252 SF lot with approximately 4,073 SF total building area (1977).; Upstairs office space is approximately 2,000 SF with a large open area, kitchen, 2 conference rooms, 3 bathrooms, and 2 offices.; Downstairs is built out for retail and storage/distribution, including an 8' H x 11' W roll‑up door with drive‑up access.
