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3438 Santa Fe Ave
For Sale $1,990,000
$1,990,000
- 8 Units
- Unknown Sq Ft
- 7,506 Sq Ft
- Unknown Cap Rate
Description
Introducing 3438-3440 Santa Fe Avenue- a prime 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. ****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 and one unit was recently updated. With its combination of location, rental income, and investment potential, this property stands as a promising opportunity for investors seeking to expand their real estate portfolio in Long Beach.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,990,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7311019061 |
| MLS # | PW25105102 |
| Property ID | 321805069 |
| Lot Sqft | 7,506 |
| Zoning | LBR3T |
| Total Units | 8 |
| Days on Market | 205 |
| Original List Price | $1,990,000 |
| Applicances | Gas Cooktop,Gas Oven,Range Hood% |
| Date Updated | May 15, 2025 |
| Date Created | May 15, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $160,632 | $0 |
| Net Income (Yr) | $ 146,436 |
Listing Provided By
Robert Haaga an agent of . Lic #00993744
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 15, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT