CA > Long Beach > Westside-North Of Willow (Wnw)
Long Beach, CA 90810,3438 Santa Fe AVE
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Long Beach, CA 90810,3438 Santa Fe AVE
Long Beach, CA 90810,3438 Santa Fe AVE
Long Beach, CA 90810,3438 Santa Fe AVE
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Norma Roth

Norma Roth

+1(619) 841-1129
$ 1,990,000
Est. payment /mo
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3438 Santa Fe AVE Long Beach, CA 90810

7,505 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Westside/North Of Willow (Wnw)

MLS Listing ID PW25105102

HOA Y/N No

Year Built 1963

Lot Size 7,505 Sqft

Property Sub-Type Mixed Use

Property Description

Introducing 3438-3440 Santa Fe Avenue- a prime FULLY LEASED 8 plex investment (ALL 2BR units) in Long Beach (TWO separate 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

Fireplace No

Appliance Gas Cooktop, Gas Oven, Range Hood

Laundry Common Area

Exterior

Parking Features Assigned

Carport Spaces 6

Fence Chain Link

Pool None

Community Features Street Lights

Roof Type Bitumen

Total Parking Spaces 8

Private Pool No

Building

Lot Description Near Public Transit

Story 2

Sewer Sewer Tap Paid

Water See Remarks

New Construction No

Others

Senior Community No

Tax ID 7311019061

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Trust

California Regional MLS (CRMLS)
Listed by Robert Haaga • Pacific Sotheby's Int'l Realty • 562-439-0111
agent

Norma Roth

Agent | License ID: 01926943

+1(619) 841-1129

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3438 Santa Fe AVE