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$ 2,150,000
Est. payment /mo
New
389 Redondo Long Beach, CA 90814
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26127449
HOA Y/N No
Year Built 1986
Lot Size 0.301 Acres
Property Sub-Type Retail
Property Description
Pabst, Kinney & Associates, Inc. is pleased to present the offering of 389 Redondo Avenue in Long Beach, California—available for sale for the first time in over 40 years. This well-maintained, multi-tenant retail property is anchored by Domino's Pizza and consists of approximately 3,675 square feet of improvements situated on a 13,129 square foot lot.
The property features a strong and established tenant mix, including Domino's Pizza (since 2001), Granny's Donuts (since 1995), and a long-standing dental office. All tenants operate under triple-net (NNN) lease structures, providing an investor with a stable, low-management income stream and minimal landlord responsibilities. Over the past 15 years, the property has experienced zero vacancy, underscoring the stability and long-term success of its tenancy.
The site offers 21 surface parking spaces and benefits from approximately 122 feet of frontage along Redondo Avenue. Strategically located in the highly desirable Belmont Heights neighborhood, the property sits at a signalized, high-traffic intersection at Redondo Avenue and 4th Street, providing excellent visibility and consistent consumer traffic.
This is a rare opportunity to acquire a true pride-of-ownership retail asset with durable cash flow and passive income characteristics in one of Long Beach's most sought-after coastal submarkets.
The property features a strong and established tenant mix, including Domino's Pizza (since 2001), Granny's Donuts (since 1995), and a long-standing dental office. All tenants operate under triple-net (NNN) lease structures, providing an investor with a stable, low-management income stream and minimal landlord responsibilities. Over the past 15 years, the property has experienced zero vacancy, underscoring the stability and long-term success of its tenancy.
The site offers 21 surface parking spaces and benefits from approximately 122 feet of frontage along Redondo Avenue. Strategically located in the highly desirable Belmont Heights neighborhood, the property sits at a signalized, high-traffic intersection at Redondo Avenue and 4th Street, providing excellent visibility and consistent consumer traffic.
This is a rare opportunity to acquire a true pride-of-ownership retail asset with durable cash flow and passive income characteristics in one of Long Beach's most sought-after coastal submarkets.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Fireplace No
Laundry None
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Tax ID 7257014028
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Spencer Pabst Pabst, Kinney & Associates 562-884-6875, DRE #01849377