$1,699,000
- Beds
- Unknown
- sq ft
- 3,265
2503 Santa Fe Ave, Long Beach, CA 90810
2503 Santa Fe Ave
Long Beach, CA 90810
- 75 days on market
- Price drop $200,000↓
A Rare find for investor. High generating income property at approx $150,000 yearly. Property is offer over 7% cap rate which is rare in this market. 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.
Details
Property type
Mixed Use
Lot size
8,485 sq ft
Price per sq ft
$521
Year built
1961
Annual property taxes
$7,187
Price History
06/18/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #PW24076968
Price change
$1,699,000
-10.53%
04/17/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #PW24076968
Listed
$1,899,000
Schools & Community
Neighborhood:
West Side
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Street Lights
Community features:
Street Lights
Status: Active
Tomo last checked: 07/01/2024 at 8:55 AM
Listing updated: 06/18/2024 at 5:43 AM
Listed by: Jocelyn Thav, Jocelyn Thav, Broker Phone #: (562) 787-3243
MLS: CRMLS #PW24076968
![CRMLS logo](/_next/static/media/crmlsLogo.7699ca4d.png)
Recently listed in Long Beach
$580,000|2 bd|1.5 ba|Townhouse
$785,000|1 bd|1.5 ba|Condo
$756,990|2 bd|2.5 ba|Condo
$819,990|3 bd|2.5 ba|Condo
$1,100,000|3 bd|1.0 ba|House
$379,999|1 bd|1.0 ba|Condo
$1,475,000|4 bd|3.5 ba|Townhouse
$1,125,000|2 bd|2.0 ba|Condo
$939,000|5 bd|2.0 ba|House
$795,000|4 bd|2.0 ba|House
Explore top cities in California