341-343 Redondo Ave
Long Beach, CA 90814
Retail Property For Sale

This rare, live/work Tri-Plex is positioned in the heart of Long Beach, offering both residential and commercial flexibility. Combining Art Deco and Craftsman-style architecture, this property provides an attractive canvas for investors seeking strong upside potential through short-term leases and adaptable use options. Two of the units include original hardwood flooring, while recent capital improvements—such as exterior paint, upgraded Milgard windows, a sump pump with percolation system, and termite remediation—enhance the long-term value.
The property generates rental income across three units, with a current NOI of $63,350 and a sale price of $1,200,000. Its zoning designation (LBCNR) supports a variety of uses, and its location on highly visible Redondo Avenue ensures consistent traffic exposure. Positioned mid-way between Downtown Long Beach and 2nd Street, this asset is close to beaches, coffee shops, and major educational institutions like Cal State Long Beach. With a projected 21,000 CPD by 2026 and easy freeway accessibility, this is an outstanding opportunity for an owner-user or investor targeting a highly trafficked live/work corridor.