Two-Story Flex Building with
For Sale
$1,575,000
Pending
1082 Redondo, Long Beach, CA 90804
Two-story flex building offers upstairs office space and drive-up roll-up access with on-site gated parking.
Property Size4,073 SF
Lot Size0.14 Acres
Days on Market71
Property Features for 1082 Redondo
General Information
Standard status
Pending
Size
4,073 SF
Total Parking Spaces
8
Lot size
0.14 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
10 ft
Drive-In Doors
1
Building Details
Building Size
4,073 SF
Year Built
1977
Stories
2
Listing Agency:
Coldwell Banker Commercial
(657) 301-4137
Listed By:
J. Steven Warshauer · License #01484265
Source:
Elliman
Added: Jun 12
Changed: Aug 14
Last Checked: Aug 14 at 6:21AM
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
Investment Insights
Based on property information with market context.
This property includes a two-story building on a 6,252-square-foot lot, totaling approximately 4,073 square feet. The building has multiple entrances and includes ample on-site parking with eight spaces, plus a gated parking lot for added security. The office area is upstairs and is approximately 2,000 square feet, featuring 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 use. It includes an 8' H x 11' W roll-up door at the front for drive-up access, and an interior clear height of approximately 10 feet for efficient everyday operations. The building has three electric meters with a provision for a fourth meter if needed, and power is currently 200 amps.
Positioned on a highly trafficked corridor of Redondo Ave, the site provides practical access to Downtown Long Beach and Los Angeles via Interstate 710, 405, and 605 freeways. With office and distribution-ready space under one roof, the property can fit businesses seeking a combination of customer-facing or showroom space below with dedicated administrative space upstairs.
The downstairs portion is built out for retail, storage and/or distribution use. It includes an 8' H x 11' W roll-up door at the front for drive-up access, and an interior clear height of approximately 10 feet for efficient everyday operations. The building has three electric meters with a provision for a fourth meter if needed, and power is currently 200 amps.
Positioned on a highly trafficked corridor of Redondo Ave, the site provides practical access to Downtown Long Beach and Los Angeles via Interstate 710, 405, and 605 freeways. With office and distribution-ready space under one roof, the property can fit businesses seeking a combination of customer-facing or showroom space below with dedicated administrative space upstairs.
Key Highlights
- 2‑story mixed‑use flex building built in 1977 with approx. 4,073 SF on a 6,252 SF lot
- Upstairs office is approx. 2,000 SF with large open area, kitchen, 2 conference rooms, 3 bathrooms, and 2 offices
- Downstairs built out for retail, storage and/or distribution with a front 8'H x 11'W roll‑up door for 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
Lease Details
10 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,156
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex building offers upstairs office space and drive-up roll-up access with on-site gated parking.
Where is this flex space located?
The property is located at 1082 Redondo 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: 2‑story mixed‑use flex building built in 1977 with approx. 4,073 SF on a 6,252 SF lot; Upstairs office is approx. 2,000 SF with large open area, kitchen, 2 conference rooms, 3 bathrooms, and 2 offices; Downstairs built out for retail, storage and/or distribution with a front 8'H x 11'W roll‑up door for drive‑up access
