335 Redondo Ave Long Beach, CA 90814-2652

This exceptional investment opportunity presents a two-building medical office complex ideally situated in Long Beach's desirable Belmont Heights neighborhood. The property, located at 335 Redondo Ave, boasts a total of 1,524 square feet of net rentable space, spread across two single-story structures built in 1935, situated on a 6,250 square foot lot. Currently 100% occupied by an outpatient psychotherapy group practice since 2020, the property offers a strong, stable income stream with a 4.50% cap rate. The asking price is $1,350,000, translating to $885.83 per square foot. Recent upgrades include new roofs on both buildings (2023 and 2024), a new HVAC system in the front building (2024), upgraded electrical systems, and newer drought-tolerant landscaping. The property includes five convenient surface parking spaces. The front building comprises three office rooms, a conference room, a waiting room, an ADA-compliant bathroom, and a small kitchenette. The rear building features one office room, one conference room, a full bathroom, and a kitchenette. The property will be delivered vacant; the seller currently occupies the space but does not require a sale leaseback. The back house previously served as a residential rental unit, complete with a full bathroom and kitchen. This property is an excellent opportunity for owner-users or investors seeking a well-maintained, income-producing asset in a highly sought-after location. The Los Angeles County property (APN 7257-019-009) is zoned for medical use.