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2503 Santa Fe Avenue

Long Beach, CA 90810

– beds
– baths
– sqft
8,485 sqft lot
1961 build
– on site

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.

Listed By CRMLS_CA / Jocelyn Thav / Jocelyn Thav, Broker / 562-787-3243

Last checked: Checking… • Last updated Apr 20, 2024 •

MLS# PW24076968 —

The Building

Year Built:

1961
Year Built Source:

Assessor
New Construction:

No
Entry Level:

3
Common Walls:

2+ Common Walls
Building Area Total:

3265.00
Building Area Units:

Square Feet
# of Buildings:

3
Total Number Of Units:

6
Stories Total:

1
# of Separate Gas Meters:

6
# of Separate Water Meters:

2
# of Separate Electric Meters:

6

Interior

Levels:

One
Entry Location:

Front and Side
Window Features:

Double Pane Windows, ENERGY STAR Qualified Windows
Fireplace:

No
Fireplace:

None
Laundry:

None

Location

Directions:

Corner of Santa Fe Ave and 25th Street
Latitude:

33.80276500
Longitude:

-118.21578100

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LBCCA
Lot Features:

Corner Lot, Near Public Transit
Lot Size Area:

8485.0000
Lot Size Acres:

0.1948
Lot Size SqFt:

8485.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

D
Tax Census Tract:

5727.00
Tax Tract:

7161
Tax Lot:

31
Tax Annual Amount:

7187.00

The Listing

Buyer's Brokerage Compensation:

2.000%
Special Listing Conditions:

Standard, Trust
Buyer's Brokerage Compensation:

$2
Parcel Number:

7402004026

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Electricity Available, Natural Gas Available, Phone Connected, Water Available
Sewer:

Public Sewer
Green Energy Efficient:

Windows
Water Source:

Public

The Community

Subdivision:

Westside/South of Willow (WSW)
Subdivision:

Westside/South of Willow (WSW)
Senior Community:

No
Features:

Street Lights, Urban
Pool:

None
Private Pool:

No
Association:

No

Parking

Parking:

Yes
Parking:

Garage - Single Door, Uncovered
Parking Spaces:

2.00
Garage Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/17/24 Apr 17, 2024	Listed / Active	CRMLS_CA	$1,899,000	374.8% (34.3% / YR)
5/16/13 May 16, 2013		CRMLS_CA	$400,000

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This multifamily located in West Long Beach, Long Beach, CA 90810 is currently for sale for $1,899,000. 2503 Santa Fe Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 14 days. 2503 Santa Fe Avenue is in the West Long Beach neighborhood of Long Beach and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Hudson Elementary School and Cabrillo High School.

Listing Courtesy of: CRMLS_CA and Jocelyn Thav, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Apr 30.

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, 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.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.