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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. 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.

Listed by Jocelyn Thav | BRE #01464845 | Jocelyn Thav, Broker
Last checked: 10 minutes ago | Last updated: April 30th, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
8,485
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
PW24077954
City
Long Beach
County
Los Angeles
Time on Site
29 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 6
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: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,775
  • Total Rent: $1,775
  • 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: $2,050
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 4
  • # 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 5
  • # 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 6
  • # 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
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $149,316
  • Net Operating Income: $118,521
  • Gross Operating Income: --
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $30,795
  • Trash: $0
  • Insurance: $4,595
  • Maintenance: $1,000
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $1,500

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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
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 7402004026
  • Year Built Source: Assessor
  • Entry Level: 3
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Phone Connected, Water Available
Location / Neighborhood
Location Information
  • Directions: Corner of Santa Fe Ave and 25th Street
View more facts & features

Local Long Beach Agent

Sale History for 2503 Santa Fe Ave

View property's historical transactions

  • April, 2024

  • Apr 18, 2024

    Date

    Active

    CRMLS: PW24077954

    $1,899,000

    Price

Tax History for 2503 Santa Fe Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

2503 Santa Fe Ave is listed 137.67% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $643 and this home is listed at $581.62 per/sqft which puts the price per square foot 9.55% 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 $799,000 with a median price per square foot of $643. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 137.67% higher than the median priced home. Local competing homes currently for sale include 11669 Firestone Blvd, 8801 S Vermont Ave and 13226 Rosecrans Ave. While the average home in Long Beach, CA is selling in 51 days, 2503 Santa Fe Ave has a days on market of 25 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 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
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$700,000
Median List Price/Sq.Ft.
$494
Median Sold Price
$675,000
Median Sold Price/Sq.Ft.
$644
Total Inventory
24
Median Sale to List Price %
97.97%
Avg Days on Market
23
Loan Type
Conventional (28.57%), FHA (42.86%), VA (0%), Cash (14.29%), Other (14.29%)

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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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