Long Beach, CA 90810,2260 Santa Fe Avenue
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Long Beach, CA 90810,2260 Santa Fe Avenue
Long Beach, CA 90810,2260 Santa Fe Avenue
Long Beach, CA 90810,2260 Santa Fe Avenue

$3,725,000

Est. payment /mo

$4,080,000

8.7%
Est.Price: ?

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2260 Santa Fe Avenue Long Beach, CA 90810

12,500 SqFt

SOLD DATE : 12/24/2024

Key Details

Sold Price $3,725,000

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Sold

Purchase Type For Sale

Square Footage 12,500 sqft

Price per Sqft $298

MLS Listing ID CRSB24141062

Sold Date 12/24/24

HOA Y/N No

Year Built 1950

Lot Size 0.734 Acres

Acres 0.73

Property Description

HIGH YIELD - 8% CASH-ON-CASH RETURN w/ FINANCING AVAILABLE AT JUST 25% DOWN!!!!! pleased to present the opportunity to acquire 2260 Santa Fe Avenue and 2261 Adriatic Avenue, an investment property located in the vibrant Westside Long Beach submarket. These two adjacent parcels are situated in a high-demand area, offering a unique mix of unit configurations and robust investment potential. The properties are strategically positioned to benefit from Long Beach's ongoing urban development and revitalization efforts, providing residents with easy access to transportation, employment hubs, and diverse retail and entertainment options. 2260 Santa Fe Avenue is comprised of thirty-one (31) studio units and one (1) one-bedroom/one-bath unit, while 2261 Adriatic Avenue features two (2) standalone three-bedroom/one-bath units. Together, these properties include a total of 34 units, 16 uncovered parking spaces, and a coin-operated laundry facility, enhancing tenant convenience and income potential. The Santa Fe Avenue property currently operates as an apartment building and has for many years, per the Seller.   A site plan has received approval with conditions from the City of Long Beach for legalization of an unpermitted conversion of a senior group residence into apartments. The buyer ha

Location

State CA

County Los Angeles

Area Listing

Interior

Fireplace No

Building

New Construction No

Others

Tax ID 7401031002

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Bridge MLS
Listed by Christopher Van Vuuren • Lyon Stahl Investment Real Estate, Inc.
Bought with BretLewis
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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