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Property profile & analytics
FOR SALE
Shopping centers

644 Redondo Ave Long Beach, CA 90814

34,899 SF
Property ID
US09-Q032943
Property summary
AI-generated overview

Net Lease Investment Opportunity in Prime Long Beach. Situated on a multi-acre lot, this 34,899 SF neighborhood center is anchored by Smart & Final, joined by Subway and a mix of service and restaurant tenants, adjacent to Unleashed by Petco. The high-visibility property resides along Redondo Avenue, an active north-south thoroughfare, serving the surrounding densely populated residential neighborhoods of southeast Long Beach. The high-volume sales grocery anchor attracts consistent daily consumer traffic, further complemented by a necessity-based tenant mix proven to generate repeat visits. Easily accessible with ample parking in the sprawling on-site lot, the property is a convenient retail destination, popular among area residents. An outstanding opportunity for commercial property investors looking to add a stable, needs-based asset in an established trade area with a nationally recognized anchor, strong local demographics, and long-term upside to their CRE portfolio.

Property profile
Verified
Property type Shopping centers
Total area 34,899 SF
UPID US09-Q032943
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
  • Smart & Final Extra! Big Box & Wholesale Store
  • Primo Water Refill Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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