3046 Sante Fe Ave - Apartments FOR SALE


Long Beach, CA 90810- Westside Long Beach | 
$1,350,000 USD
949-500-5099
3046 Sante Fe Ave, Long Beach, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/6
null | 6.08% Cap Rate

3046 Sante Fe Ave
Long Beach, CA 90810
Westside Long Beach


HIGHLIGHTS

  • First Time on the Market in Nearly 25 Years
  • Value-Add Opportunity - Approximately 23% in Rental Upside
  • 6.1% Cap Rate on Current Rents
  • 100% Two Bedroom Units
  • Prime Location Near Silverado Park

OVERVIEW

3046 Santa Fe Avenue presents an attractive multifamily investment opportunity in Long Beach, California, featuring a well-maintained six-unit community with strong in-place occupancy and future rental growth potential. The property consists of six spacious two-bedroom, one-bathroom units within a 3,520 SF building situated on a 4,928 SF lot, offering functional layouts designed to appeal to a broad tenant base. The asset benefits from onsite parking, individually metered utilities, and efficient operations while providing investors with a stable income stream and an opportunity to enhance value through continued rent optimization. Ideally located within the greater Long Beach market, the property offers convenient access to major employment centers, transportation corridors, retail destinations, dining, and recreational amenities, positioning it for long-term tenant demand and sustained investment performance.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$384 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

6.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,928 SF

ZONING

LBCNA

APN/PARCEL ID

7312-029-046

ASK ABOUT THIS PROPERTY

Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.