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… Read More 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. Read Less
Property listed by Pacific Sotheby's Int'l Realty, Robert Haaga 562-439-0111
Listing Snapshot
Days Online
4
Last Updated
Property Type
Mixed Use
Lot Size
0.17 Acres
Year Built
1963
MLS Number
PW25105102
Additional Details
Appliances & Equipment
GasCooktop, GasOven, RangeHood
Building
Built in 1963, Building area total: 6,576, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
StreetLights
Expenses
Electric expense: $860, Gardener expense: $960, Insurance expense: $4,900, Licenses expense: $730, Operating expense: $14,160, Water sewer expense: $13,300, Other expense: $888
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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