404 Redondo Avenue, Long Beach, CA 90814

$1,899,999
Sold Price
$1,899,999
List Price
$1,950,000
Closing Date
Jun 26, 2023
Status
CLOSED
MLS#
PW23091719
Year Built
1948
Lot Size
13,126
Acres
0.30
Lot Location
0-1 Unit/Acre, Corner Lot
Days on Market
32
Property Type
Commercial
Property Sub Type
Retail

Property Description

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.

Additional Information

Water
Public
Attached Structure
Detached
Number Of Units Total
1

Listing courtesy of Listing Agent: Kevin King (kking@marcusmillichap.com) from Listing Office: Marcus & Millichap.

Listing sold by NONE NONE from None MRML

Mortgage Calculator

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