Freestanding Retail/Flex
1345-1347 Redondo Ave Long Beach, CA 90804
1345-1347 Redondo Ave, Long Beach, CA, 90804
Contact for pricing
For Sale
Contact for pricing
100% vacant freestanding retail/flex building with an open layout, secured fenced yard, and on-site parking.
Property Size6,673 SF
Lot Size0.29 Acres
Price / SF$449.57
Days on Market93
Property Features for 1345-1347 Redondo Ave
General Information
- Standard status
- Active
- Size
- 6,673 SF
- Lot size
- 0.29 Acres
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1954
Listing agency
Equity Realty
(310) 528-5240
Listed by
Steven Bae · License #02033375
Source
Crexi
Added: Apr 21 Updated: Jul 22 at 3:36AM Checked: Jul 22 at 3:36AM
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 Equity Realty
Investment Insights
Based on property information with market context.
1345–1347 Redondo Ave offers a 6,673 SF freestanding retail/flex building on a 12,502 SF lot with an open floor plan and flexible layout. The property includes a secured fenced yard and on-site parking, and it is currently 100% vacant, presenting an opportunity for an owner-user or investor to reposition the space.
The site is positioned along one of Long Beach’s primary commercial corridors, with approximately 30,000 vehicles per day and strong street frontage. The property provides convenient street exposure for a wide range of commercial uses.
Zoned LBCNR (Neighborhood Commercial Retail), the building is described as accommodating retail, office, medical, service commercial, and potential cannabis operations, subject to city approvals. The combination of a flexible interior plan, street visibility, and a secured yard supports businesses requiring practical outdoor storage or logistics-oriented operations.
The site is positioned along one of Long Beach’s primary commercial corridors, with approximately 30,000 vehicles per day and strong street frontage. The property provides convenient street exposure for a wide range of commercial uses.
Zoned LBCNR (Neighborhood Commercial Retail), the building is described as accommodating retail, office, medical, service commercial, and potential cannabis operations, subject to city approvals. The combination of a flexible interior plan, street visibility, and a secured yard supports businesses requiring practical outdoor storage or logistics-oriented operations.
Key Highlights
- 6,673 SF freestanding retail/flex building on a 12,502 SF lot
- 100% vacant—ready for an owner‑user or value‑add repositioning
- Approximately 30,000 vehicles per day and strong street frontage
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $304.3k | $45.60 |
| − Vacancy | −$77.6k | −$11.63 |
| EGI | $226.7k | $33.97 |
| − OpEx | −$56.7k | −$8.49 |
| NOI | $170.0k | $25.48 |
6,673 SF · lease $45.60/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.43M
$2.13M – $2.83M
NOI $170,021 @ 7.0% cap · market cap 5.67%
Second Best
Retail
$1.57M
$1.38M – $1.83M
NOI $110,060 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,089 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- SoCal Birria Tacos Catering — 3104 E 7th St #3104, Long Beach, CA 90804
FAQs
What type of property is this?
Flex space - 100% vacant freestanding retail/flex building with an open layout, secured fenced yard, and on-site parking.
Where is this flex space located?
The property is located at 1345-1347 Redondo Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 6,673 SF freestanding retail/flex building on a 12,502 SF lot; 100% vacant—ready for an owner‑user or value‑add repositioning; Approximately 30,000 vehicles per day and strong street frontage
