UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision 1
MLS Listing ID AR25152472
HOA Y/N No
Year Built 1957
Lot Size 3,920 Sqft
Property Sub-Type Apartment
Property Description
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 upside—perfect 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 asset's appeal and reduce maintenance needs, while one private, uncovered driveway space adds tenant convenience.
Currently operating at a 6.09% 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 today's 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.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR3T
Interior
Heating None
Fireplace No
Laundry None
Exterior
Garage Spaces 5.0
Garage Description 5.0
Fence Block, Chain Link, Wrought Iron
Pool None
Community Features Park
Roof Type Asphalt
Total Parking Spaces 5
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7312001043
Energy Description 100.0
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
