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3042 Santa Fe Ave, Long Beach, CA 90810
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3042 Santa Fe Ave Long Beach, CA 90810

$1,255,000 Sold Price as of 10/18/2022
  • 15 Beds
  • 5 Baths
  • 4,640 Sq.Ft.
Sold
$1,255,000 Sold Price as of 10/18/2022 Refinance Your Mortgage
Map preview of 3042 Santa Fe Ave, Long Beach, CA 90810

Property Overview: 3042 Santa Fe Ave Long Beach, CA has 15 bedrooms, 5 bathrooms, 4,640 living square feet and 5,014 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Consisting of five spacious 3 bedroom 1 bath units averaging 974 square feet each, this 5 unit apartment building offers at least 50% potential upside in rents. Located in a quiet residential pocket of the Upper Westside neighborhood of Long Beach, 3042 Santa Fe Avenue is situated near schools and shopping, with quick access to the 405 and 710 Freeways. The building is separately metered for gas and electricity. There are 3 1-car private garages and 2 additional parking spaces, with alley access. The property presents an excellent value-added opportunity for a hands-on investor to renovate the units and add considerable rental income over time.

Listed by Darin Spillman | BRE #01366902 | Kidder Mathews of California, Inc.
Last checked: 5 minutes ago | Last updated: October 19th, 2022 | Source CRMLS | DOM: 59

Home details

Lot Sq. Ft
5,014
HOA Dues
$0/mo
Year built
1959
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
22182385
City
Long Beach
County
Los Angeles
Time on Site
660 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,005
  • Total Rent: $1,005
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $844
  • Total Rent: $844
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $978
  • Total Rent: $978
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,134
  • Total Rent: $1,134
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $989
  • Total Rent: $989
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.4%
  • Gross Rent Multiplier: 17.1
  • Gross Scheduled Income: --
  • Net Operating Income: $32,582
  • Gross Operating Income: $60,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3042 Santa Fe Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 5
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 7312029048
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of 405, North of Willow, East of Alameda, West of 710.
View more facts & features

Local Long Beach Agent

Sale History for 3042 Santa Fe Ave

Last sold for $1,255,000 on October 18th, 2022

  • October, 2022

  • Oct 18, 2022

    Date

    Sold

    CRMLS: 22182385

    $1,255,000

    Price

  • Jul 25, 2022

    Date

    Active

    CRMLS: 22182385

    $1,339,000

    Price

  • May, 1994

  • May 31, 1994

    Date

    Sold (Public Records)

    Public Records

    $185,000

    Price

  • March, 1994

  • Mar 9, 1994

    Date

    Sold (Public Records)

    Public Records

    $217,000

    Price

Show More

Tax History for 3042 Santa Fe Ave

Assessed Value (2020): $287,491
Year Land Value Improved Value Assessed Value
2020 $77,694 $209,797 $287,491

Home Value Compared to the Market

This property vs the competition

3042 Santa Fe Ave sold on October 18, 2022 for 67.38% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $288.58 per/sqft which puts the price per square foot 54.34% lower than the current median sale per square foot for the city of Long Beach.

About 3042 Santa Fe Ave

Detailed summary of property

3042 Santa Fe Ave is a multi family that recently sold in Long Beach, CA 90810. This multi family property offered 15 bedrooms, 5 bathrooms, roughly 4,640 living square feet, and sits on an approximately 5,014 square foot lot. 3042 Santa Fe Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $1,255,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 67.38% higher than the current median priced home. Local homes that are currently for sale include 1367 Alamitos Ave, 309 E Louise St and 1120-1124 E Hellman St. While the average home in Long Beach, CA is selling in 51 days, 3042 Santa Fe Ave has a days on market of 59 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 3042 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 3042 Santa Fe Ave

Public county record property details
Beds
15
Baths
5
Year built
1959
Sq. Ft.
4,872
Lot Size
5,014
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9,10
APN
7312-029-048

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%)

Thinking of Selling?

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(714) 706-1823

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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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