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2503 Santa Fe Ave, Long Beach, CA 90810
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2503 Santa Fe Ave Long Beach, CA 90810

$1,899,000
  • 5 Beds
  • 6 Baths
  • 3,265 Sq.Ft.
For Sale
$1,899,000 Get Pre-Qualified
Map preview of 2503 Santa Fe Ave, Long Beach, CA 90810

Property Overview: 2503 Santa Fe Ave Long Beach, CA has 5 bedrooms, 6 bathrooms, 3,265 living square feet and 8,485 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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. 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.

Listed by Jocelyn Thav | BRE #01464845 | Jocelyn Thav, Broker
Last checked: 14 minutes ago | Last updated: April 20th, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
8,485
HOA Dues
$0/mo
Year built
1961
Garage
2 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW24076968
City
Long Beach
County
Los Angeles
Time on Site
13 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $2,050
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $2,050
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,270
  • Total Rent: $1,270
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,628
  • Total Rent: $3,628
  • Pro Forma/Market Rent: $3,628
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,670
  • Total Rent: $1,670
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,775
  • Total Rent: $1,775
  • Pro Forma/Market Rent: $2,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $149,316
  • Net Operating Income: $118,521
  • Gross Operating Income: $149,316
  • Vacancy Allowance: $0
  • # of Rented Garages: 2
  • Garage Rental Rate: $200
Annual Expense Breakdown
  • Total Operating Expense: $30,795
  • New Taxes: $22,800
  • Trash: $0
  • Gardener: $900
  • Insurance: $4,595
  • Maintenance: $1,000
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $1,500
  • Other Expense Description: Water

Open Houses for 2503 Santa Fe Ave

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Property Details for 2503 Santa Fe Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Single Door, Uncovered
Lot Information
  • Lot Features: Corner Lot, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7402004026
  • Year Built Source: Assessor
  • Entry Level: 3
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Phone Connected, Water Available
Location / Neighborhood
Location Information
  • Subdivision Name: Westside/South of Willow (WSW)
  • Directions: Corner of Santa Fe Ave and 25th Street
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 2503 Santa Fe Ave

Last sold for $400,000 on May 16th, 2013

  • April, 2024

  • Apr 17, 2024

    Date

    Active

    CRMLS: PW24076968

    $1,899,000

    Price

  • April, 2019

  • Apr 20, 2019

    Date

    Expired

    CRMLS: PW18092366

    $224,999

    Price

  • Apr 12, 2019

    Date

    Withdrawn

    CRMLS: PW18092366

    $224,999

    Price

  • Dec 4, 2018

    Date

    Price Change

    CRMLS: PW18092366

    $224,999

    Price

  • Nov 4, 2018

    Date

    Price Change

    CRMLS: PW18092366

    $249,999

    Price

  • Oct 4, 2018

    Date

    Price Change

    CRMLS: PW18092366

    $224,999

    Price

  • Apr 21, 2018

    Date

    Active

    CRMLS: PW18092366

    $249,999

    Price

  • Listing provided courtesy of CRMLS

    48 License Cocktail and Beer Bar For Sale, No Food Sales Required...Live Entertainment...Pool Table...Owners Are Retiring

  • April, 2018

  • Apr 17, 2018

    Date

    Expired

    CRMLS: SR17247538

    $940,000

    Price

  • Feb 5, 2018

    Date

    Withdrawn

    CRMLS: SR17247538

    $940,000

    Price

  • Jan 31, 2018

    Date

    Price Change

    CRMLS: SR17247538

    $940,000

    Price

  • Nov 17, 2017

    Date

    Price Change

    CRMLS: SR17247538

    $995,000

    Price

  • Nov 17, 2017

    Date

    Active

    CRMLS: SR17247538

    $1,060,000

    Price

  • Nov 3, 2017

    Date

    Active Under Contract

    CRMLS: SR17247538

    $1,060,000

    Price

  • Oct 31, 2017

    Date

    Active

    CRMLS: SR17247538

    $1,060,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent opportunity to purchase a neighborhood mixed use investment. The property consists of five 1 Bedroom and 1 Bath residential units and one commercial tenant. The residential units are occupied by mostly long term tenants with below market rents. There is approximately 40% upside in the rents. There is no rent control in Long Beach. The commercial building is occupied by Tailgate Bar. This venue has serviced the local community for many years. It has had new management since 2014 and features DJ music on Friday and Saturday nights. It attracts a diverse clientele of all ages. The commercial space has a three year old HVAC unit, newer coolers and equipment The property is situated between Long Beach to the east, accessed via close by Willow St., and the attractions of San Pedro to the south west via a short drive on Terminal Island Freeway 103.

  • October, 2017

  • Oct 30, 2017

    Date

    Active

    CRMLS: SR17247196

    $1,060,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent opportunity to purchase a neighborhood mixed use investment. The property consists of five 1 Bedroom and 1 Bath residential units and one commercial tenant. The residential units are occupied by mostly long term tenants with below market rents. There is approximately 40% upside in the rents. There is no rent control in Long Beach. The commercial building is occupied by Tailgate Bar. This venue has serviced the local community for many years. It has had new management since 2014 and features DJ music on Friday and Saturday nights. It attracts a diverse clientele of all ages. The property is situated between Long Beach to the east, accessed via close by Willow St., and the attractions of San Pedro to the south west via a short drive on Terminal Island Freeway 103.

  • May, 2013

  • May 16, 2013

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

  • May, 2013

  • May 16, 2013

    Date

    Sold

    CRMLS: 12173947

    $400,000

    Price

  • Apr 11, 2013

    Date

    Active

    CRMLS: 12173947

    $499,000

    Price

  • Listing provided courtesy of CRMLS

    Fantastic investment opportunity with this mixed use 6 units on a corner lot. Property consists of 5 one bedroom one bath units and a commercial space. Commercial space houses a bar which is owner operated, and sale dose NOT include the bar fixtures or the liquor license. All units are fully occupied on a month to month basis with no rent control. Two single car garages, and nine spaces in a parking lot.

  • December, 2003

  • Dec 31, 2003

    Date

    Sold (Public Records)

    Public Records

    $565,000

    Price

Show More

Tax History for 2503 Santa Fe Ave

Assessed Value (2020): $450,388
Year Land Value Improved Value Assessed Value
2020 $281,494 $168,894 $450,388

Home Value Compared to the Market

This property vs the competition

2503 Santa Fe Ave is listed 137.4% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $581.62 per/sqft which puts the price per square foot 8.69% lower than the median price per square foot for the city of Long Beach.

About 2503 Santa Fe Ave

Detailed summary of property

2503 Santa Fe Ave is a mixed use located in Long Beach, CA 90810 and is currently for sale. This mixed use property offers 5 bedrooms, 6 bathrooms, roughly 3,265 living square feet, and sits on an approximately 8,485 square foot lot. 2503 Santa Fe Ave was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $1,899,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 137.4% higher than the median priced home. Local competing homes currently for sale include 145 W 47 St, 3033 E 8th St and 229 W 28th St. While the average home in Long Beach, CA is selling in 54 days, 2503 Santa Fe Ave has a days on market of 12 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 2503 Santa Fe Ave Long Beach, CA 90810 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2503 Santa Fe Ave

Public county record property details
Beds
5
Baths
5
Year built
1961
Sq. Ft.
3,243
Lot Size
8,438
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
30,31
APN
7402-004-026

The source for these homes facts are from public records.

90810 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$680,000
Median List Price/Sq.Ft.
$526
Median Sold Price
$730,000
Median Sold Price/Sq.Ft.
$536
Total Inventory
24
Median Sale to List Price %
100.69%
Avg Days on Market
23
Loan Type
Conventional (50%), FHA (50%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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