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Listed by Annie Chen • Homegrown Wealth Real Estate
$ 1,500,000
Est. payment /mo
Active
3390 Santa Fe Avenue Long Beach, CA 90810
3,520 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,520 sqft
Price per Sqft $426
MLS Listing ID AR-25152472
Year Built 1957
Lot Size 3,921 Sqft
Property Sub-Type Apartment
Property 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 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
Laundry None
Exterior
Parking Features Gated
Garage Spaces 5.0
Pool None
Community Features Park
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer