Eastside, Circle Area (3) Homes with Mixed Use Subtype

Eastside, Circle Area (3) Homes with Mixed Use Subtype

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Newest Eastside, Circle Area (3) Homes with Mixed Use Subtype

$2,700,000
PW26163930 MLS ⋅ Active Status
Exceptional opportunity to acquire a fully leased 8-unit mixed-use investment strategically positioned on the highly visible corner of Redondo Ave and E. 11th St. in Long Beach’s desirable Eastside/Circle Area. The property consists of three ground-floor retail storefronts and five residential units (four 1-bedroom/1-bath units and one 3-bedroom/2-bath unit), totaling approximately 9,851 square feet on a 6,241 square foot lot. The asset offers excellent street frontage, strong visibility, and professionally maintained commercial spaces occupied by established local businesses. Recent tenant improvements include beautifully renovated salon and tattoo studio interiors, enhancing the property’s appeal while supporting a diversified income stream. The residential units provide stable cash flow with additional rental upside through future turnover. Currently generating approximately $251,515 in annual scheduled gross rental income, this investment offers stable in-place income with future rental growth potential and long-term appreciation. Additional features include four on-site parking spaces, LBCNR (Store & Residential) zoning, and a highly walkable location with convenient access to Belmont Heights, Recreation Park, California State University Long Beach, Downtown Long Beach, and major transportation corridors. 1090 Redondo Avenue presents an outstanding opportunity for investors seeking a well-maintained mixed-use asset in one of Long Beach’s most desirable rental markets.

1090 Redondo, Long Beach
$2,700,000
PW26150787 MLS ⋅ Active Status
Exceptional opportunity to acquire a fully leased 8-unit mixed-use investment strategically positioned on the highly visible corner of Redondo Ave and E. 11th St. in Long Beach’s desirable Eastside/Circle Area. The property consists of three ground-floor retail storefronts and five residential units (four 1-bedroom/1-bath units and one 3-bedroom/2-bath unit), totaling approximately 9,851 square feet on a 6,241 square foot lot. The asset offers excellent street frontage, strong visibility, and professionally maintained commercial spaces occupied by established local businesses. Recent tenant improvements include beautifully renovated salon and tattoo studio interiors, enhancing the property’s appeal while supporting a diversified income stream. The residential units provide stable cash flow with additional rental upside through future turnover. Currently generating approximately $251,515 in annual scheduled gross rental income, this investment offers stable in-place income with future rental growth potential and long-term appreciation. Additional features include four on-site parking spaces, LBCNR (Store & Residential) zoning, and a highly walkable location with convenient access to Belmont Heights, Recreation Park, California State University Long Beach, Downtown Long Beach, and major transportation corridors. 1090 Redondo Avenue presents an outstanding opportunity for investors seeking a well-maintained mixed-use asset in one of Long Beach’s most desirable rental markets.

1090 Redondo, Long Beach
$1,195,000
OC26112444 MLS ⋅ Active Under Contract Status
Prime mixed-use owner-user opportunity located on highly traveled E. 7th Street in Long Beach with outstanding visibility, strong street presence, and flexible income potential. This versatile property offers approximately 3,081 SF of improvements situated on an efficiently designed 5,408 SF lot measuring approximately 40’ x 135’, providing an impressive 40 feet of street frontage along busy E. 7th Street for excellent exposure and business presence. The property features two vacant retail spaces totaling 2,156 SF in the front and a fully remodeled 925 SF single-family residence in the rear, creating the ideal live/work setup for an owner-user looking to operate a business while living on-site. The rear residence has been beautifully remodeled down to the studs and includes separate gas and electrical meters from the retail spaces, offering flexibility for owner occupancy while generating rental income from the storefronts. The home also features a new private security fence built for maximum privacy and security, creating a secluded residential environment rarely found in mixed-use properties. The property offers abundant parking, including convenient customer parking in front, a rare center yard area capable of accommodating up to 4 vehicles, plus additional rear parking. The lot layout is exceptionally efficient with virtually all land area being usable. Ideally located near Retro Row, Belmont Shore, and Long Beach Convention & Entertainment Center, this property presents a unique opportunity for owner-users, investors, and entrepreneurs seeking visibility, functionality, privacy, and upside potential in one of Long Beach’s established commercial corridors.

2117 E 7th, Long Beach
$2,345,000
RS26052383 MLS ⋅ Active Status
$50,000 price reduction - now offered at a 6.40% current cap rate. 1036 Saint Louis Ave is a 9-unit Eastside Long Beach apartment property featuring an attractive large-unit mix of (1) 3BD/2BA, (6) 2BD/1BA, and (2) 1BD/1BA units. The asset offers strong in-place income with approximately 13% remaining rental upside and a projected 7.60% pro forma cap rate through continued interior renovations and garage income optimization. The property has benefited from approximately $129,000 in recent capital improvements, including a new 400A main electrical panel, partial main sewer line replacement, SB 721 balcony compliance/repairs, roof repairs, and three completed unit renovations. Additional features include 6 on-site garages, separately metered electric/gas, and landlord-paid water/sewer/trash. No local rent control; statewide AB 1482 applies.

1036 Saint Louis, Long Beach
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.