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Introducing 3438-3440 Santa Fe Avenue- a prime 8 plex investment (ALL 2BR units) in Long Beach (TWO separate 4 unit buildings adjacent to each other with a common driveway) being sold together. First time to market in over 40 years. ****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 and one unit was recently updated. With its combination of location, rental income, and investment potential, this property stands as a promising opportunity for investors seeking to expand their real estate portfolio in Long Beach.
Property Type(s):
Residential Income
| Last Updated | 5/15/2025 | Tract | Westside/North of Willow (WNW) |
|---|---|---|---|
| Year Built | 1963 | Community | Westside |
| County | Los Angeles |
Additional Details
| APPLIANCES | Gas Cooktop, Gas Oven, Range Hood |
|---|---|
| AREA | Westside |
| GARAGE | Assigned |
| HEAT | Wall Furnace |
| LOT | 7506 sq ft |
| LOT DESCRIPTION | Near Public Transit |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Sewer Tap Paid |
| STORIES | 2 |
| SUBDIVISION | Westside/North of Willow (WNW) |
| WATER | See Remarks |
| ZONING | LBR3T |
Location
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Listed with Pacific Sotheby's Int'l Realty
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