3438 Santa Fe Avenue, Long Beach, CA 90810

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Glen Henderson

[email protected] +1(619) 889-7646

$1,795,000

Est. payment - /mo

8 Beds

7 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25105102

Bedrooms 8

Property Sub-Type Res Income 2-4 Units

Property Description

****Back on Market! Buyer got COLD FEET. Opened escrow and never did ANY inspections. Opportunity knocks. 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. Dont 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, both buildings master WATER HEATERS were replaced in 2019 and 2022 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. Property being sold together with 3440 Santa Fe Avenue APN #7311-019-060

Location

State CA

County Los Angeles

Zoning Assessor

Direction South on 405 from Los Angeles to 710 North first exit on Santa Fe

Interior

Fireplace No

Exterior

Utilities Available Sewer Connected

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7311019061

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Listed by Robert Haaga Pacific Sotheby's Int'l Realty

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

3438 Santa Fe Avenue Long Beach, CA 90810

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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