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Listed by Robert Haaga • Pacific Sotheby's Int'l Realty
$1,990,000
Est. payment /mo
6,576 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,576 sqft
Price per Sqft $302
MLS Listing ID CRPW25105102
HOA Y/N No
Year Built 1963
Lot Size 7,506 Sqft
Property Sub-Type Other
Source Datashare California Regional
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, 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,
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Flooring Vinyl, Carpet
Fireplace No
Laundry Other
Building
Lot Description Other
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