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341-343 Redondo Ave
Long Beach, CA 90814
Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Highly visible live/work zoned property with classic Art Deco/Craftsman architecture.
- Short-term leases with upside potential and additional ADU income opportunities.
- Located between Downtown Long Beach and 2nd Street, within walking distance of shops, restaurants, and the beach.
- Recent upgrades include exterior painting, new windows, and a sump pump with percolation system.
- On-site parking includes an oversized two-car garage and added off-street spaces.
Résumé de l'annonce
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.
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.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
2 193 pi²
Classe d’immeuble
C
Année de construction
1923
Prix
1 660 260 $ CAD
Prix par pi²
757,07 $ CAD
Taux de capitalisation
5,28%
Revenu net d’exploitation
87 662 $ CAD
Pourcentage loué
66%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,50
Taille du lot
0,10 AC
Zonage
LBCNR - Neighborhood Commercial and Residential
Stationnement
2 places (1,04 places par 1 000 pi² loué)
Façade
75’ sur Redondo Ave
Impôts fonciers
| Numéro de lot | 7257-019-004 | Évaluation des bâtiments | 289 592 $ CAD |
| Évaluation du terrain | 431 823 $ CAD | Évaluation totale | 721 415 $ CAD |
Impôts fonciers
Numéro de lot
7257-019-004
Évaluation du terrain
431 823 $ CAD
Évaluation des bâtiments
289 592 $ CAD
Évaluation totale
721 415 $ CAD
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