3438 Santa Fe Avenue new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90810
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 6,576 sqft
Price per Sqft $302
Subdivision Westside/North Of Willow
MLS Listing ID PW-25105102
Year Built 1963
Lot Size 7,506 Sqft
Property Sub-Type Commercial/Residential
Property Description
Introducing 3438-3440 Santa Fe Avenue- a prime FULLY LEASED 8 plex investment (ALL 2BR units) in Long Beach (TWO separate twin 4 unit buildings adjacent to each other with a common driveway) being sold together. First time to market in over 40 years. ****May be able to take advantage of conventional 4 unit financing as each building has its own APN. Check with your lender. The buildings are centrally located near the interchange of the 405 and 710 FWY'S and to either Los Angeles or Orange County. This 8 PLEX boasts 6 (six)- 2-BR/1.5 BA units and 2 (two)- 2BR 1BA units each with their own designated parking space and a convenient coin-operated laundry shared by all units. Per the seller, the majority of tenants have been with them well over 5 years and all are in good standing. This is an ideal purchase for seasoned investors and an incredible value. Don't miss out on the building's solid rental history. The property consistently generates $13,386 per month and $160,632 annually in rental income with plenty of upside potential. Both building roofs were replaced in 2013 and 2019 respectively and one unit was recently updated. With its combination of location, rental income, and investment potential, this property is an opportunity for investors seeking to expand their real estate portfolio in Long Beach.
Location
State CA
County Los Angeles
Area 11 - Westside
Zoning LBR3T
Interior
Heating Wall Furnace
Flooring Carpet,Vinyl
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Street Lights
Building
Lot Description Near Public Transit
Sewer Sewer Paid