Properties

Long Beach, CA 90810 2503 Santa Fe Avenue

2503 Santa Fe Avenue Long Beach, CA - Image 12503 Santa Fe Avenue Long Beach, CA - Image 22503 Santa Fe Avenue Long Beach, CA - Image 3
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Presented By: Jocelyn Thav with Jocelyn Thav, Broker; 562-787-3243
  • MLS# PW24077954
  • 04/18/2024
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  • SQFT • 3,265

Home Details

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. Business is also for sale: Per tenant, gross over $500,000 yearly and sale price is $500K. 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. Maybe eligible for SBA 7a Loan or SBA 504 loan with 10% down.
Presented By: Jocelyn Thav with Jocelyn Thav, Broker; 562-787-3243

Interior Features for 2503 Santa Fe Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level3

General for 2503 Santa Fe Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
CoolingWallWindowUnits
CountyLos Angeles
Days on Market12
DirectionsCorner of Santa Fe Ave and 25th Street
Garage Y/NNo
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense4595.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet8485.0
MLS Area11 - Westside
MaintenanceExpense1000.0
MobileHomeRemainsYNNo
Net Operating Income118521.0
New ConstructionNo
Number of Units Leased6
Occupancy DescriptionTenant
Operating Expense30795.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Street NameSanta Fe
Tax Annual Amount7187.0
Total Units6
Trash Expense0.0
UtilitiesElectricityAvailable, NaturalGasAvailable, PhoneConnected, WaterAvailable
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1961
Year Built SourceAssessor

Exterior for 2503 Santa Fe Avenue

Building Area Total3265.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, NearPublicTransit
Lot Size Acres0.1948
Lot Size Area8485.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Open Parking Y/NNo
SpaNo
Water SourcePublic

Additional Details

Price History

Connect Realty

Price $1,899,000
MLS#PW24077954
List Date 04/18/2024
Property Type Commercial
Phone 888.795.6274
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