$1,795,000
0.17 Acre Lot

3438 Santa Fe Avenue, Long Beach, California 90810

  • Residential Income Property Type
  • Assigned Cars Garage
  • 1963 Year Built
Property Description

****Back on Market! Buyer got COLD FEET. Opened escrow, submitted deposit, and never did ANY inspections then cancelled. Opportunity knocks. Introducing 3438-3440 Santa Fe Avenue- a prime FULLY LEASED 8 plex investment (ALL 2BR units) in Long Beach (TWO separate twin 4 unit buildings adjacent to each other with a common driveway) being sold together. First time to market in over 40 years. ****May be able to take advantage of conventional 4 unit financing as each building has its own APN. Check with your lender. The buildings are centrally located near the interchange of the 405 and 710 FWY’S and to either Los Angeles or Orange County. This 8 PLEX boasts 6 (six)- 2-BR/1.5 BA units and 2 (two)- 2BR 1BA units each with their own designated parking space and a convenient coin-operated laundry shared by all units. Per the seller, the majority of tenants have been with them well over 5 years and all are in good standing. This is an ideal purchase for seasoned investors and an incredible value. Don’t miss out on the building’s solid rental history. The property consistently generates $13,386 per month and $160,632 annually in rental income with plenty of upside potential. Both building ROOFS were replaced in 2013 and 2019 respectively, both buildings master WATER HEATERS were replaced in 2019 and 2022 respectively, and one unit was recently updated. With its combination of location, rental income, and investment potential, this property is an opportunity for investors seeking to expand their real estate portfolio in Long Beach. Property being sold together with 3440 Santa Fe Avenue APN #7311-019-060

Basic Details
Residential Income
For Sale
PW25105102
$1,795,000
1963
0.17 Acre
Active
1
Apartment
: Bitumen
Features
: None
: Wall Furnace
: Chain Link
: None
: Assigned
6.0
: Carpet, Vinyl
: Common Area
: Sewer Tap Paid
$0
Appliances
: Gas Oven, Gas Cooktop, Range Hood
Address Map
CA
Los Angeles
Long Beach
90810
Santa Fe
3438
Avenue
South on 405 from Los Angeles to 710 North first exit on Santa Fe
699 - Not Defined
LBR3T
Additional Information
$0
$0
$0
$0
$0
6576
: Street Lights
1
: Near Public Transit
8
2025-05-15
1850000
2
: See Remarks
Broker/Agent Information
Pacific Sotheby's Int'l Realty
Robert Haaga
Listing Information
ZHAAGROB
PB20388
Cash,Cash to New Loan,Conventional
Active
2025-07-18T03:45:07Z
CRMLS
: Trust
2025-07-10T10:34:36Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069