NEW PRICE! $140K adjustment. 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, this property is an opportunity for investors seeking to expand their real estate portfolio in Long Beach. Property being sold together with 3440 Santa Fe Avenue APN #7311-019-060
Property Details
Price:
$1,850,000
MLS #:
PW25105102
Status:
Active
Baths:
0
Address:
3438 Santa Fe Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Westside/North of Willow WNW
Neighborhood:
11westside
City:
Long Beach
Listed Date:
May 15, 2025
State:
CA
ZIP:
90810
Lot Size:
7,506 sqft / 0.17 acres (approx)
Year Built:
1963
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Gas Oven, Gas Cooktop, Range Hood
Fireplace Features
None
Flooring
Carpet, Vinyl
Heating
Wall Furnace
Exterior
Community Features
Street Lights
Fencing
Chain Link
Garage Spaces
0.00
Lot Features
Near Public Transit
Parking Features
Assigned
Parking Spots
8.00
Pool Features
None
Roof
Bitumen
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Sewer Paid
Stories Total
2
Water Source
See Remarks
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address3438 Santa Fe Avenue Long Beach CA
- Area11 – Westside
- SubdivisionWestside/North of Willow (WNW)
- CityLong Beach
- CountyLos Angeles
- Zip Code90810
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3438 Santa Fe Avenue
Long Beach, CA
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