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1345-1347 Redondo Ave
Long Beach, CA 90804
Asking Price
$3.50M
Cap Rate
6.9%
Asset Type
Auto Shop Mixed-use
Class
Class B
What's Special
Single-Tenant NNN | 6.9% CAP | 3-Yr Lease <ul><li><strong>Freestanding Flex Asset with Secured Yard</strong> - <span style="color: rgba(58, 53, 48, 1)">Rare single-tenant ±6,673 SF freestanding building with gated yard—ideal for operational users requiring storage, parking, or logistics functionality. </span></li><li><strong>Flexible LBCNR Zoning (Wide Use Case) - </strong><span style="color: rgba(58, 53, 48, 1)">Zoning allows for retail, office, medical, service commercial, and potential cannabis use (buyer to verify), making it high
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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084
