Contact Xavier Gomez
Schedule A Showing
3438 Santa Fe Avenue, Long Beach, CA 90810
Priced at Only: $1,990,000
For more Information Call
Mobile: 714.478.6676
Address: 3438 Santa Fe Avenue, Long Beach, CA 90810
Property Photos

Property Location and Similar Properties
- MLS#: PW25105102 ( Commercial/Residential )
- Street Address: 3438 Santa Fe Avenue
- Viewed: 3
- Price: $1,990,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1963
- Bldg sqft: 0
- Days On Market: 11
- Additional Information
- County: LOS ANGELES
- City: Long Beach
- Zipcode: 90810
- Subdivision: Westside/north Of Willow (wnw)
- Provided by: Pacific Sotheby's Int'l Realty
- Contact: Robert Robert
- DMCA Notice
-
DescriptionIntroducing 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 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.
Features
Additional Parcels Description
- 7311019060
Appliances
- Gas Oven
- Gas Cooktop
- Range Hood
Building Area Total
- 6576.00
Carport Spaces
- 6.00
Commoninterest
- None
Common Walls
- 2+ Common Walls
Country
- US
Electric Expense
- 860.00
Fencing
- Chain Link
Fireplace Features
- None
Flooring
- Carpet
- Vinyl
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Gardner Expense
- 960.00
Have
- 8-2BR Units
Heating
- Wall Furnace
Insurance Expense
- 4900.00
Laundry Equipment Own Lease
- Lease
Laundry Features
- Common Area
Laundry Income
- 6000.00
Lockboxtype
- None
- See Remarks
Lot Features
- Near Public Transit
Netoperatingincome
- 146436.00
Otherexpense
- 888.00
Otherexpensedescription
- Laundry
Parcel Number
- 7311019061
Parking Features
- Assigned
Pest Control Expense
- 1680.00
Pool Features
- None
Postalcodeplus4
- 4321
Professionalmanagementexpense
- 0.00
Property Type
- Commercial/Residential
Roof
- Bitumen
Security Features
- Carbon Monoxide Detector(s)
- Smoke Detector(s)
Sewer
- Sewer Paid
Sourcesystemid
- CRM
Sourcesystemkey
- 438425113:CRM
Subdivision Name Other
- Westside/North of Willow (WNW)
Tenant Pays
- Electricity
- Gas
Totalactualrent
- 160632.00
Totalexpenses
- 0.00
Trash Expense
- 0.00
Uncovered Spaces
- 2.00
Water Sewer Expense
- 13300.00
Water Source
- See Remarks
Year Built
- 1963
Year Built Source
- Assessor
Zoning
- LBR3T

- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com