3390 Santa Fe Avenue, Long Beach, CA 90810
  • MLS#: AR25151724 ( Multi Family )
  • Street Address: 3390 Santa Fe Avenue
  • Viewed: 1
  • Price: $1,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90810
  • Provided by: Homegrown Wealth Real Estate
  • Contact: Annie Annie
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Turnkey 6 Unit Investment Opportunity in Prime West Long Beach Welcome to 3390 Santa Fe Avenue a fully leased, income generating 6 unit apartment building located in the heart of West Long Beach. Just minutes from Downtown, the Ports, and major freeways (710 & 405), this asset offers immediate cash flow with strong long term upsideperfect for seasoned investors or 1031 exchange buyers. The property consists of six 2 bedroom, 1 bath units , each featuring well maintained interiors, individual gas and electric meters, and a solid rental history. Recent capital improvements enhance the assets appeal and reduce maintenance needs, while one private, uncovered driveway space adds tenant convenience. Currently operating at a 6.15% cap rate , this building benefits from professional management, low vacancy, and consistent tenant demand. Its coastal proximity and accessibility to public transportation, schools, and shopping centers make it especially attractive in todays competitive rental market. With room for rental upside and growing demand in the area, this turnkey asset is a rare opportunity for investors seeking stability, location, and value.
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Features
Advertisingexpense
  1. 0.00
Building Area Total
  1. 3520.00
Commoninterest
  1. None
Construction Materials
  1. Aluminum Siding
  2. Asphalt
  3. Frame
  4. Stucco
  5. Vinyl Siding
Country
  1. US
Current Financing
  1. Assumable
Expense Year
  1. 2024
Fencing
  1. Block
  2. Chain Link
  3. Wrought Iron
Heating
  1. None
Insurance Expense
  1. 3261.00
Land Use
  1. Multi-Family
Laundry Features
  1. Community
Netoperatingincome
  1. 92228.00
Parcel Number
  1. 7312001043
Postalcodeplus4
  1. 2449
Professionalmanagementexpense
  1. 6693.00
Property Type
  1. Multi Family
Roof
  1. Asphalt
Totalexpenses
  1. 14524.00
Water Source
  1. Public
Year Built
  1. 1957