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1355 Redondo Ave, Long Beach, CA 90804
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1355 Redondo Ave Long Beach, CA 90804

$1,535,000 Sold Price as of 08/02/2021
  • -- Beds
  • 57 Baths
  • 7,210 Sq.Ft.
Sold
$1,535,000 Sold Price as of 08/02/2021 Refinance Your Mortgage
Map preview of 1355 Redondo Ave, Long Beach, CA 90804

Property Overview: 1355 Redondo Ave Long Beach, CA has -- bedrooms, 57 bathrooms, 7,210 living square feet and 12,503 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing property for investors and owner users with additional square footage for owner's usage. Great 12 unit 7,210 sq. ft. of office space with 12,503 sq. Ft lot. Newly painted on a main street with great signage . Close proximity to Downtown Long Beach and Long Beach Airport. This office building is well-maintained and the building also has a significant amount of parking available (approx. 21 parking spaces). The immediate area surrounding your property is retail, office, residential, and service-oriented businesses. Motivated sellers.

Listed by Melvin Burrell | BRE #00963914 | Leacrest Realty
Co-listed by Rochelle (Shelley) Burrell | BRE #01369431 | Leacrest Realty
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 368

Home details

Lot Sq. Ft
12,503
HOA Dues
$0/mo
Year built
1980
Garage
--
Property Type:
Office
Status
Sold
MLS#
SB20102537
City
Long Beach
County
Los Angeles
Time on Site
1390 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Leased Units: 7
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: 6
  • Actual Rent: $5,300
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $900
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 8
  • # of Beds: --
  • # of Baths: 4
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 12
  • # of Beds: --
  • # of Baths: 1
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $124,255
  • Net Operating Income: $94,821
  • Gross Operating Income: --
  • Vacancy Allowance: $5
Annual Expense Breakdown
  • Total Operating Expense: $23,221
  • Electric: $360
  • Insurance: $3,360
  • Maintenance: $2,040
  • Water/Sewer: $4,735

Property Details for 1355 Redondo Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Zoned, Forced Air
Laundry Information
  • None
Interior Features
  • Security Features: Closed Circuit Camera(s), Security Lights
Exterior Features
Exterior Information
  • Roof: Fiberglass
  • Has Fence
  • Redwood, Wrought Iron
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 21
Lot Information
  • Lot Features: 11-15 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 12
  • Parcel Number: 7259009028
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected
Location / Neighborhood
Location Information
  • Directions: PCH and Redondo
View more facts & features

Local Long Beach Agent

Sale History for 1355 Redondo Ave

Last sold for $1,535,000 on August 2nd, 2021

  • August, 2021

  • Aug 3, 2021

    Date

    Sold

    CRMLS: SB20102537

    $1,535,000

    Price

  • Jul 19, 2021

    Date

    Pending

    CRMLS: SB20102537

    $1,595,000

    Price

  • Jun 5, 2021

    Date

    Active Under Contract

    CRMLS: SB20102537

    $1,595,000

    Price

  • Nov 19, 2020

    Date

    Price Change

    CRMLS: SB20102537

    $1,595,000

    Price

  • Jun 2, 2020

    Date

    Active

    CRMLS: SB20102537

    $1,695,000

    Price

  • September, 2019

  • Sep 1, 2019

    Date

    Expired

    CRMLS: SB19024900

    --

    Price

  • Feb 1, 2019

    Date

    Active

    CRMLS: SB19024900

    --

    Price

  • Listing provided courtesy of CRMLS

    Upper unit office space

  • May, 2007

  • May 18, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2004

  • Mar 22, 2004

    Date

    Sold (Public Records)

    Public Records

    $709,000

    Price

Show More

Tax History for 1355 Redondo Ave

Assessed Value (2020): $1,927,800
Year Land Value Improved Value Assessed Value
2020 $1,040,400 $887,400 $1,927,800

Home Value Compared to the Market

This property vs the competition

1355 Redondo Ave sold on August 2, 2021 for 99.38% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $221.22 per/sqft which puts the price per square foot 65% lower than the current median sale per square foot for the city of Long Beach.

About 1355 Redondo Ave

Detailed summary of property

1355 Redondo Ave is a office that recently sold in Long Beach, CA 90804. This office offered -- bedrooms, 57 bathrooms, roughly 7,210 living square feet, and sits on an approximately 12,503 square foot lot. 1355 Redondo Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,535,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 99.38% higher than the current median priced home. Local homes that are currently for sale include 16742 Orange Way and 4024 12th St. While the average home in Long Beach, CA is selling in 51 days, 1355 Redondo Ave has a days on market of 368 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 1355 Redondo Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1355 Redondo Ave

Public county record property details
Beds
--
Baths
--
Year built
1980
Sq. Ft.
7,210
Lot Size
12,503
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
20-22
APN
7259-009-028

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$509,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
54
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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