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Listed by Robert Haaga • Pacific Sotheby's Int'l Realty
$1,795,000
Est. payment /mo
7,506 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25105102
Year Built 1963
Lot Size 7,506 Sqft
Source California Regional MLS
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. 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, both buildings master WATER HEATERS were replaced in 2019 and 2022 respectively, and
Location
State CA
County Los Angeles
Area 699 - Not Defined
Rooms
Kitchen Hood Over Range, Other, Oven - Gas
Interior
Heating Wall Furnace
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Parking Features Assigned Spaces
Garage Spaces 8.0
Pool None
Roof Type Bitumen
Building
Sewer Sewer Available
Water Other
Others
Tax ID 7311019061
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