335 Redondo Ave
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335 Redondo Ave
1,524 SF 100% Leased Office Building Long Beach, CA 90814 $1,350,000 ($886/SF) 4.58% Cap Rate
Investment Highlights
- Located in Belmont Heights just minutes from the beach.
- Occupied by Outpatient Psychotherapy Group Practice since 2020.
- ADA-Compliant ramp and bathroom.
- 2 Stand-alone Craftsman Style Buildings zoned ‘Medical’ with Street Signage
- New Roofs on both buildings (2023, 2024) & New HVAC and ducting on front building (2024).
- 5 gated surface parking spaces.
Executive Summary
The entire property will be delivered vacant! NO SALE LEASEBACK REQUIRED! This property consists of two stand-alone craftsman style buildings currently being used by a psychotherapy business. The property is zoned Medical. Front building had new roof and HVAC installed in 2024. Back building had new roof installed in 2023. Existing business has occupied the space since 2020. Business is conducted on location as well virtually so minimal wear and tear on the property. Owner is licensed CA real estate agent representing self. Do not go direct. Showings by appointment only.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
1,524 SF
Building Class
B
Year Built
1935
Price
$1,350,000
Price Per SF
$886
Cap Rate
4.58%
NOI
$61,875
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,524 SF
Building FAR
0.25
Lot Size
0.14 AC
Zoning
LBCNR - Zoned 'Medical'. Back house was previously rented to a residential tenant. Entire property will be delivered vacant.
Parking
5 Spaces (3.28 Spaces per 1,000 SF Leased)
Amenities
- Wheelchair Accessible
- Central Heating
- Air Conditioning
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 7257-019-009 | Improvements Assessment | $478,584 |
| Land Assessment | $821,916 | Total Assessment | $1,300,500 |
PROPERTY TAXES
Parcel Number
7257-019-009
Land Assessment
$821,916
Improvements Assessment
$478,584
Total Assessment
$1,300,500
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Presented by
Broadmoor Realty Inc
335 Redondo Ave
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