389 Redondo Ave, Long Beach, CA 90814
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389 Redondo Ave Long Beach, CA 90814

$1,899,999 Sold Price as of 06/26/2023
  • -- Beds
  • -- Baths
  • 1,212 Sq.Ft.
Sold
$1,899,999 Sold Price as of 06/26/2023 Refinance Your Mortgage

Map preview of 389 Redondo Ave, Long Beach, CA 90814

Property Overview: 389 Redondo Ave Long Beach, CA has -- bedrooms, -- bathrooms, 1,212 living square feet and 13,126 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present new pricing for 404 Redondo Avenue, Long Beach, California. This property is being offered as a Single-Tenant Net Leased (STNL) investment opportunity occupied by a regional Cannabis Dispensary operation doing business as HAVEN. HAVEN currently operates three locations in Long Beach, CA and three other locations in Southern California with plans of opening eight other dispensaries in California. HAVEN Dispensaries are committed to ensuring a clean, safe, modern, and well-maintained operation that strives to achieve high customer loyalty. The property is located at the northeast intersection of Redondo Avenue and E 4th Street in Belmont Heights, a district in the south-east portion of the City of Long Beach, central to the Pacific Ocean, Belmont Shores and Downtown Long Beach. The property is zoned LBCNR. Walk Score 95 - The Property is located within a 5-minute walk (1/2 mile) of Downtown Long Beach, Long Beach Convention Center, Anaheim Beach, Shoreline Village and the surrounding Waterfront, as well as the neighboring East Village Arts District and 4th Street Retro Row. Transit Score 66 - The Property is a 5-minute walk (1/2 mile) proximity to the Metro Blue Line and enjoys easy access to the Interstate (710) Freeway for connections throughout Southern California. Also, the property enjoys five different local and regional bus line stops within a 1/2 block. Long Beach Airport is also 5.4 miles away. Bike Score 91 - Downtown Long Beach enjoys an existing network of Bike Paths, Protected Bike Lanes and Street Painted Bikes Lanes. Additionally, from Alamitos Bay to Shoreline Village residents and visitors alike enjoy a 3.1mile beach trail bike path. Transit Score 66 - The Property is a 5-minute walk (1/2 mile) proximity to the Metro Blue Line and enjoys easy access to the Interstate (710) Freeway for connections throughout Southern California. Also, the property enjoys five different local and regional bus line stops within a 1/2 block. Long Beach Airport is also 5.4 miles away. Bike Score 91 - Downtown Long Beach enjoys an existing network of Bike Paths, Protected Bike Lanes and Street Painted Bikes Lanes. Additionally, from Alamitos Bay to Shoreline Village residents and visitors alike enjoy a 3.1mile beach trail bike path.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Last checked: 10 minutes ago | Last updated: June 26th, 2023 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
13,126
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Retail
Status
Sold
MLS#
PW23091719
City
Long Beach
County
Los Angeles
Time on Site
335 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
  • # of Leased Units: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 389 Redondo Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
Lot Information
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 1
  • Parcel Number: 7257014028
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Go west on E 4th Street towards Redondo Avenue, property will be on left, just past Redondo
View more facts & features

Local Long Beach Agent

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Sale History for 389 Redondo Ave

Last sold for $1,899,999 on June 26th, 2023
  • June, 2023

  • Jun 26, 2023

    Date

    Sold

    CRMLS: PW23091719

    $1,899,999

    Price

  • May 25, 2023

    Date

    Active

    CRMLS: PW23091719

    $1,950,000

    Price

  • April, 2018

  • Apr 24, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 389 Redondo Ave

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $355,589 -- --

Home Value Compared to the Market

This property vs the competition

389 Redondo Ave sold on June 26, 2023 for 143.75% 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 $1608.91 per/sqft which puts the price per square foot 154.57% higher than the current median sale per square foot for the city of Long Beach.

About 389 Redondo Ave

Detailed summary of property

389 Redondo Ave is a retail that recently sold in Long Beach, CA 90814. This retail property offered -- bedrooms, -- bathrooms, roughly 1,212 living square feet, and sits on an approximately 13,126 square foot lot. 389 Redondo Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,899,999. 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 143.75% higher than the current median priced home. Local homes that are currently for sale include 9030 Sierra Ave. While the average home in Long Beach, CA is selling in 54 days, 389 Redondo Ave has a days on market of 32 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 389 Redondo Ave Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 389 Redondo Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
13,126
Stories
--
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,3
APN
7257-014-028

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$793,676
Median List Price/Sq.Ft.
$642
Median Sold Price
$845,566
Median Sold Price/Sq.Ft.
$582
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
33
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (42.86%)

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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.