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
Days on Market52
Property Features for 1090 Redondo
General Information
Standard status
Active
Size
9,851 SF
Total Parking Spaces
4
Net Operating Income
$180,356
Taxes and HOA fees
Annual Taxes
$30,108
Amenities
Wall/Window Unit(s)
Wall Furnace
Wrought Iron
Building Details
Building Size
9,851 SF
Year Built
1956
Buildings
1
Stories
2
Listing Agency:
Sage Real Estate Group, Inc.
Listed By:
Juan Huizar · License #01417642
(562) 307-0838
Source:
Evrealestate
Added: Jul 17
Changed: Aug 21
Last Checked: Sep 5 at 6:02AM
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.
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 = 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
$162,476
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
6.02%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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.
