Property Detail

Description

Offered at $949,000, this is a rare opportunity for an owner-user or investor to own prime commercial real estate in Long Beach. The property features a newly built-out restaurant with nearly $200,000 invested in improvements, fully permitted and ready to operate—making your effective real estate cost significantly lower. In addition, a long-established nail salon provides steady rental income for added security. Situated at the high-visibility corner of Redondo Avenue and 7th Street, one of Long Beach’s busiest intersections, the property offers 1,800 rentable square feet with strong foot traffic and walkable access. Located just one mile north of Cal State Long Beach, the area is home to over 57,000 residents within a one-mile radius, boasting an average household income near $100,000 and home values above $950,000. Financial highlights include a pro forma cap rate of 5.8%, with potential to reach approximately 6.18% when factoring in the restaurant build-out value ($150,000). At this adjusted basis, your true real estate cost is closer to $800,000. This is a unique chance to own and operate your business while building equity through real estate ownership in a thriving market. Opportunities like this don’t last long—schedule your showing today.