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    Property profile & analytics
    OFF-MARKET Estimated value $645,000
    Office buildings

    512 Redondo Ave, Long Beach, CA 90814-1552

    1,972 SF 0.14 ac lot Built 1974
    Trust Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-6352954
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1974
    Construction WOOD
    Total area 1,972 SF
    Lot 0.14 ac (6,251 SF)
    Zoning code LBCNR
    APN 7257-002-008
    UPID US09-6352954
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hillary S. Marshall, LCSW Psychotherapist
    • Watkin Jan Marriage Or Relationship Counselor
    • Bell Andrea L Psychotherapist
    • The Coaching Kiva Life Coach
    • Merkley Dennis Family Counselor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $825k
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $645k
    Owner & transaction history
    The Ng Family Trust · 1 yrs held
    The Ng Family Trust
    since 2025
    7 recorded transactions
    2025
    2024
    $1.1M
    2012
    2006
    $610,000
    2006
    2006
    $610,000
    2006
    Zoning & alternative use
    LBCNR · Long Beach, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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