2503 Santa Fe Avenue Long Beach, CA $ 1,899,000
2503 Santa Fe Avenue
$ 1,899,000
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2503 Santa Fe Avenue

Long Beach, CA, 90810
$ 1,899,000
Baths0.0 Sq 3,265

Monthly Estimate*

$ 13,265

Listed by Jocelyn Thav, Broker
2503 Santa Fe Avenue, Long Beach, CA 90810 - Image 1
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Studio

Commercial Property for sale in Long Beach, CA

for $1,899,000. This 3,265 square foot building was built in 1961 on a lot size of 0.1948.

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.

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Commercial Active

Price

$ 1,899,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,187

Style

MixedUse

Lot Size

0.1948

Year Built

1961

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24077954

Days on Market

26

Features
General
Heating WallFurnace
Cooling WallWindowUnits
Utilities ElectricityAvailable NaturalGasAvailable PhoneConnected WaterAvailable
Year Built 1961
Property SubType MixedUse
County Los Angeles
Net Operating Income 118521.0
Operating Expense 30795.0
Insurance Expense 4595.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard Trust
Status Active
Directions Corner of Santa Fe Ave and 25th Street
City Long Beach
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area 11 - Westside
Lot Size Square Feet 8485.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 6
Street Name Santa Fe
Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 7187.0
Home Warranty Y/N N
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 12
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Year Built Source Assessor
Property Sub Type Additional MixedUse
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Exterior
Lot Features CornerLot NearPublicTransit
Water Source Public
Lot Size Area 8485.0
Number of Buildings 3
Spa N
Building Area Total 3265.0
Lot Size Acres 0.1948
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features None
Entry Level 3
Electric On Property Y/N N
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Internal Only
Street Number 1 2503
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* Excluded Features
List By
Jocelyn Thav, Broker

Broker

(562) 787-3243

Phone

Affordability Calculator

$13,864
Per Month
96%
4%
0%
Monthly Principal & Interest
$13,265
Monthly Property Taxes
$599
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2024$1,899,000 Listed Price

Map


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2503 Santa Fe Avenue, Long Beach, CA, 90810 is a Commercial Property for sale at $1,899,000 with 3,265 sqft and a lot size of 0.1948. 2503 Santa Fe Avenue is a studio with 0.0 baths and was built in 1961. The property's zip code is 90810 which is in Long Beach, CA