Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90810 3438 Santa Fe Avenue

3438 Santa Fe Avenue Long Beach, CA - Image 13438 Santa Fe Avenue Long Beach, CA - Image 23438 Santa Fe Avenue Long Beach, CA - Image 3
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3438 Santa Fe Avenue Long Beach, CA - Image 43438 Santa Fe Avenue Long Beach, CA - Image 53438 Santa Fe Avenue Long Beach, CA - Image 63438 Santa Fe Avenue Long Beach, CA - Image 73438 Santa Fe Avenue Long Beach, CA - Image 83438 Santa Fe Avenue Long Beach, CA - Image 93438 Santa Fe Avenue Long Beach, CA - Image 103438 Santa Fe Avenue Long Beach, CA - Image 113438 Santa Fe Avenue Long Beach, CA - Image 123438 Santa Fe Avenue Long Beach, CA - Image 13
Presented By: Robert Haaga with Pacific Sotheby's Int'l Realty; 562-439-0111
  • MLS# PW25105102
  • 05/15/2025
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  • Beds • 2
  • Full/Half Baths • 1 / 1
  • SQFT • 6,576
  • Year Built • 1963

Home Details

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
Presented By: Robert Haaga with Pacific Sotheby's Int'l Realty; 562-439-0111

Interior Features for 3438 Santa Fe Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 3438 Santa Fe Avenue

Additional Parcels Description7311019060
Additional Parcels Y/NYes
AppliancesGasCooktop, GasOven, RangeHood
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces6.0
Carport Y/NYes
CityLong Beach
Community FeaturesStreetLights
ContingencyNone
CountyLos Angeles
DirectionsSouth on 405 from Los Angeles to 710 North first exit on Santa Fe
Electric Expense860.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense4900.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet7506.0
Lot Size UnitsSquareFeet
MLS Area11 - Westside
MobileHomeRemainsYNNo
Net Operating Income146436.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased8
Open Parking Spaces2.0
Operating Expense14160.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofBitumen
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Subdivision NameWestside/North of Willow (WNW)
Tax Lot27
Tenant PaysElectricity, Gas
Total Actual Rent160632.0
Trash Expense0.0
Water Sewer Expense13300.0
Year Built1963
Year Built SourceAssessor
ZoningLBR3T

Exterior for 3438 Santa Fe Avenue

Building Area Total6576.0
Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPublicTransit
Lot Size Acres0.1723
Lot Size Area7506.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking8.0
Water SourceSeeRemarks
Waterfront Y/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $1,990,000
MLS#PW25105102
List Date 05/15/2025
Property Type Multi-Family
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