Retail Corner
For Sale
$2,700,000
1090 Redondo, Long Beach, CA 90804
For-sale retail storefront on the southeast corner of Redondo Ave and 11th St.
Property Size9,851 SF
Price / SF$274.08
Days on Market96
Property Features for 1090 Redondo
General Information
Standard status
Active
Size
9,851 SF
Building Details
Year Built
1956
Listing Agency:
Sage Real Estate Group, Inc.
Listed By:
Juan Huizar · License #01417642
(562) 307-0838
Source:
Myfabuloushome
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 21 at 12:01AM
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 Sage Real Estate Group, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale retail storefront is located on the southeast corner of Redondo Ave and 11th St. The property falls within the retail space and strip mall categories, suited for commercial retail use consistent with the existing storefront configuration.
The address is 1090 Redondo, Long Beach, CA 90804, in Los Angeles County. The corner location provides straightforward access from both streets based on the stated directions.
If you’re evaluating retail locations in Long Beach, this corner storefront on Redondo Ave and 11th St is a clear, easily identified site for a prospective buyer or tenant looking for an established retail setting.
The address is 1090 Redondo, Long Beach, CA 90804, in Los Angeles County. The corner location provides straightforward access from both streets based on the stated directions.
If you’re evaluating retail locations in Long Beach, this corner storefront on Redondo Ave and 11th St is a clear, easily identified site for a prospective buyer or tenant looking for an established retail setting.
Key Highlights
- For‑sale retail storefront on the southeast corner of Redondo Ave and 11th St.
- Located on the SE corner of Redondo Ave & 11th St. (Los Angeles County).
- 1956 construction year.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,476
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,249,520
$3.2M
Cap Rate 7%
$2,321,086
$2.3M
Cap Rate 9%
$1,805,289
$1.8M
Market Conditions
NOI Build-Up for 9,851 SF
Gross rent
$248.2K $25.20/SF
− Vacancy
−$16.1K −$1.64/SF
EGI
$232.1K $23.56/SF
− OpEx
−$69.6K −$7.07/SF
NOI
$162.5K $16.49/SF
Area
Long Beach, CA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,249,520
Cap Rate 7%
$2,321,086
Cap Rate 9%
$1,805,289
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.71M
NOI $162,476 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.27M
$4.61M – $6.15M
NOI $369,193 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,156
Businesses Nearby
183k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 38%
Groceries 12%
Home Improvements & Furnishings 4%
McDonald's
Dining
36,277 visits/mo
0.2 miles
Smart & Final
Groceries
21,980 visits/mo
0.5 miles
ARCO
Shops & Services
16,831 visits/mo
0.5 miles
ARCO
Shops & Services
11,440 visits/mo
0.2 miles
El Pollo Loco
Dining
10,726 visits/mo
0.1 miles
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
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront on the southeast corner of Redondo Ave and 11th St.
Where is this storefront property located?
The property is located at 1090 Redondo Long Beach, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: For‑sale retail storefront on the southeast corner of Redondo Ave and 11th St.; Located on the SE corner of Redondo Ave & 11th St. (Los Angeles County).; 1956 construction year.
