Neighborhood Retail Center with Grocery
644 Redondo Avenue, Long Beach, CA 90814
New
Net-lease neighborhood center anchored by Smart & Final, with Subway and other service/restaurant tenants plus ample parking.
Type:Retail
Property size:
34,899 SFPrice / SF:
$343/SF- Added:
- Jun 22, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 25 at 9:27 pm
Property Features for 644 Redondo Avenue
General Information
- Standard status
- Active
- Size
- 34,899 SF
- Property subtype
- Retail
Listing office CBM1 West Los Angeles
Listing date Jun 22, 2026
Source Crexi
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 CBM1 West Los Angeles
HighLights
- Net‑lease neighborhood center totaling 34,899 SF on a multi‑acre lot.
- Anchored by Smart & Final with Subway and a mix of service and restaurant tenants.
- Located on Redondo Avenue, a high‑traffic north‑south thoroughfare in southeast Long Beach.
- Additional tenant adjacency noted with Unleashed by Petco.
- Ample on‑site parking for easy customer access.
Overview
The property is a net lease investment opportunity comprising a 34,899-square-foot neighborhood retail center on a multi-acre lot. The center is anchored by Smart & Final and includes Subway along with a mix of service and restaurant tenants. The tenant mix is complemented by the adjacent Unleashed by Petco location.
Located along Redondo Avenue, the center sits on an active north-south thoroughfare serving densely populated residential neighborhoods in southeast Long Beach. Its high-visibility retail frontage is supported by on-site parking in a sprawling lot, providing straightforward access for daily shopping traffic.
For tenants, buyers, or operators seeking a needs-based retail draw, the grocery anchor is positioned to capture consistent consumer visitation, with additional convenience-oriented concepts represented by Subway and the surrounding service and restaurant businesses. The configuration as a neighborhood center with a nationally recognized grocery anchor also supports day-to-day retail usage in an established trade area.
Located along Redondo Avenue, the center sits on an active north-south thoroughfare serving densely populated residential neighborhoods in southeast Long Beach. Its high-visibility retail frontage is supported by on-site parking in a sprawling lot, providing straightforward access for daily shopping traffic.
For tenants, buyers, or operators seeking a needs-based retail draw, the grocery anchor is positioned to capture consistent consumer visitation, with additional convenience-oriented concepts represented by Subway and the surrounding service and restaurant businesses. The configuration as a neighborhood center with a nationally recognized grocery anchor also supports day-to-day retail usage in an established trade area.
Local Financial Insights For Specialty Retail
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 | $921.3k | $26.40 |
| − Vacancy | −$46.1k | −$1.32 |
| EGI | $875.3k | $25.08 |
| − OpEx | −$218.8k | −$6.27 |
| NOI | $656.5k | $18.81 |
34,899 SF · lease $26.40/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$9.38M
$8.21M – $10.94M
NOI $656,450 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$8.22M
$7.20M – $9.59M
NOI $575,603 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$18.68M
$16.35M – $21.80M
NOI $1,307,935 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Smart & Final Extra!
Big Box & Wholesale Store
Primo Water Refill
Big Box & Wholesale Store
Similar Places Nearby
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- Coinstar Kiosk | Bitcoin ATM — Kroger - Food 4 Less, 3210 E Anaheim St, Long Beach, CA 90804
- invisable shoping — 222-224 Redondo Ave, Long Beach, CA 90803
- Kamamuta Music — 306 Orizaba Ave, Long Beach, CA 90814
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1518434
- Latitude
- 33.7742822
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Net-lease neighborhood center anchored by Smart & Final, with Subway and other service/restaurant tenants plus ample parking.
Where is this shopping center located?
The property is located at 644 Redondo Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Net‑lease neighborhood center totaling 34,899 SF on a multi‑acre lot.; Anchored by Smart & Final with Subway and a mix of service and restaurant tenants.; Located on Redondo Avenue, a high‑traffic north‑south thoroughfare in southeast Long Beach.
