2503 Santa Fe Avenue

Long Beach, CA 90810
$1,650,000
0.19 acres | #PW24076968
Courtesy of Jocelyn Thav, Broker
For Sale

Description

A Rare find for investor. Seller Financing may be available depending. High generating income property at approx $150,000 yearly. Property is offer over 7.30% 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. Seller Financing may be available depending.
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  • Property Details
    • Property
      • Stories:1
      • Lot description:CornerLot, NearPublicTransit
    • Measurements
      • Acres:0.1948
    • Parking
      • Parking spaces:2
  • Construction Details
    • Type & Style
      • Property type:Multi-Family
    • Condition
      • Year built:1961
  • Utilities / Energy Details
    • Utility
      • Sewer information:PublicSewer
      • Utility source:Public
      • Utility features:ElectricityAvailable, NaturalGasAvailable, PhoneConnected, WaterAvailable
  • Community and Neighborhood Details
    • Community
      • Subdivision:Westside/South of Willow (WSW)
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 899, 000
      • Taxes annual:$7, 187
  • Other
    • Source
      • MLS #:PW24076968

Location

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Last Updated: . Source: CRMLS

Listing Courtesy
Listing Agent: Jocelyn Thav
Listing Office: Jocelyn Thav, Broker

Move Fast Move Now with John Reyes & Margie KossmanMove Fast Move Now with John Reyes & Margie Kossman
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6.0%

Tax Rate

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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

    Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information