Active
2503 Santa Fe Avenue
Long Beach CA, 90810
$1,899,000
$581.62 per sqft
Active
3,265 sqft
Multi-family
Built in 1961
Listed by Jocelyn Thav with Jocelyn Thav, Broker 562-787-3243
A Rare find for investor. High generating income property at approx $150,000 yearly. Property is offer at 6.24% cap rate. Property consist of (1) commercial building and (5) one bedroom and one bath unit apartments. Tenants are long term and a few have lived on the premise for over 20yrs.
The commercial Tailgate Bar has been in business for a very long time and is a local spot for the locals. Commercial Tenant is responsible for all utilities, repair and maintenance pertaining to interior and exterior of the building. Low management.
The residential units have all been renovated with vinyl and tile flooring, all except one have new kitchen cabinets and quartz countertop and brand new vinyl, retrofit, dual glazed, low E windows. Building has also been freshly painted exterior. All great tenants and great relationship with Landlord. Landlord only pays water and landscaping. Low expenses. Residential address is 1709 W 25th Street, Long Beach, CA 90810.
This property is self managed by owners with ease for over 10years with almost no vacancy in the last 10years. No shortage of renters for the area.
PW24076968
MLSⓇ ID
April 17, 2024
Listed
April 20, 2024
Updated
Map
2503 Santa Fe Avenue
Long Beach CA, 90810
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.19 Acres
Lot Features
Corner Lot, Near Public Transit
Sewer
Public Sewer
Other Property Details
Area Name
11 - Westside
Taxes
$7,187
Tax Frequency
Annually
Days on Market
3
Garage
Yes
Garage Spaces
2
Parking
Door-Single, Garage, Uncovered
Parking Total
2
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LBCCA
Buyer Agency Compensation
2%
Listing Contact: 562-787-3243
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/20/2024 at 7:39 PM UTC