$1,899,000 - 2503 Santa Fe Avenue, Long Beach
- 0Beds
- Baths
- 0SQ. Feet
- 0.19Acres
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.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:PW24077954
- Price:$1,899,000
- Bathrooms:0.00
- Acres:0.19
- Year Built:1961
- Type:Commercial Sale
- Sub-Type:Mixed Use
- Status:Active
- Listing Agent:Jocelyn Thav
- Listing Office:Jocelyn Thav, Broker
Community Information
- Address:2503 Santa Fe Avenue
- Area:11 - Westside
- City:Long Beach
- County:Los Angeles
- Zip Code:90810
Amenities
- Utilities:Electricity Available, Natural Gas Available, Phone Connected, Water Available
Interior
- Heating:Wall Furnace
- Cooling:Wall/Window Unit(s)
- # of Stories:1
Exterior
- Lot Description:Corner Lot, Near Public Transit
Additional Information
- Date Listed:April 17th, 2024
- Days on Market:15
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Back to Results- City:
- Long Beach
- Price Range:
- $300,000 - $11,500,000
- Current Listings:
- 44
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 5:20am CDT. 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.