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3042 Santa Fe Avenue

Long Beach, CA 90810
  • $1,339,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: 22182385
UPDATED: 14 min ago
$1,339,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Darin Spillman of Kidder Mathews Of California, Inc. (310-312-2800)


Description

Consisting of five spacious 3 bedroom 1 bath units averaging 974 square feet each, this 5 unit apartment building offers at least 50% potential upside in rents. Located in a quiet residential pocket of the Upper Westside neighborhood of Long Beach, 3042 Santa Fe Avenue is situated near schools and shopping, with quick access to the 405 and 710 Freeways. The building is separately metered for gas and electricity. There are 3 1-car private garages and 2 additional parking spaces, with alley access. The property presents an excellent value-added opportunity for a hands-on investor to renovate the units and add considerable rental income over time.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T21:35:42.13. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/131244508
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3042 Santa Fe Avenue Long Beach, CA 90810

  • Price: $1,339,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 14 min ago
  • ID#: 22182385
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1959
Built
Neighborhood:
11 - Westside
County:
Los Angeles
Area:
11 - Westside
Property Description
Consisting of five spacious 3 bedroom 1 bath units averaging 974 square feet each, this 5 unit apartment building offers at least 50% potential upside in rents. Located in a quiet residential pocket of the Upper Westside neighborhood of Long Beach, 3042 Santa Fe Avenue is situated near schools and shopping, with quick access to the 405 and 710 Freeways. The building is separately metered for gas and electricity. There are 3 1-car private garages and 2 additional parking spaces, with alley access. The property presents an excellent value-added opportunity for a hands-on investor to renovate the units and add considerable rental income over time.
Exterior Features

Parking Total 5

Interior Features

Cooling None Cooling YN No Heating Natural Gas Heating YN Yes

Property Features

Association Fee 0 Garage YN Yes Gross Income 60000 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 32582 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lbcna



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T21:35:42.13. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Darin Spillman of Kidder Mathews Of California, Inc. (310-312-2800)