512 Redondo Ave, Long Beach, CA 90814-1552
This exceptional 1,972 square foot freestanding commercial building presents a compelling owner-user or investment opportunity in Long Beach, California. Situated on a sizable 6,215 square foot lot, the property boasts a highly desirable location between Rose Park and Belmont Heights, offering convenient access to the coast. Constructed in 1972, the well-maintained building currently houses five psychotherapy practices, with tenants primarily on month-to-month leases (one tenant has a one-year lease remaining). The property includes six to seven on-site parking spaces, a significant advantage in this area. Its excellent visibility and signage opportunities make it ideal for a variety of office or retail uses, including medical or dental practices. The asking price is $1,100,000. This unique property offers strong potential for both immediate income generation and long-term appreciation. The property's central location, ample parking, and versatile layout make it an attractive proposition for discerning buyers seeking a prime commercial investment in a thriving coastal community. The building's current occupancy provides a stable income stream, while the month-to-month leases offer flexibility for future development or repositioning.
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Hillary S. Marshall, LCSW Psychotherapist
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Watkin Jan Marriage Or Relationship Counselor
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Bell Andrea L Psychotherapist
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The Coaching Kiva Life Coach
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Merkley Dennis Family Counselor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
LBCNR · Long Beach, CALong Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.