Multi-Unit Retail and Apartment
2171 Santa Fe Ave Long Beach, CA 90810
For Sale
$1,149,000
Four-unit building with upstairs apartments and downstairs retail, including an owner-operated mini market and 6–8 parking spaces.
Property Size3,200 SF
Price / SF$359.06
Days on Market91
Property Features for 2171 Santa Fe Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing Agency:
(310) 600-0243
Listed By:
Alberto Acuna
(310) 600-0243
Source:
Elliman
Added: Apr 24
Changed: Jul 23
Last Checked: Jul 23 at 10:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alberto Acuna
Investment Insights
Based on property information with market context.
This well-maintained multi-unit property includes four separate units, with two apartments upstairs and two retail/office-style spaces downstairs. Three of the units are rented month to month, and the mini market unit is owner-operated and included with the sale. Reported monthly rents include $1,850 for unit #2175, $1,750 for unit #2177, $2,300 for unit #2171, and $2,300 for unit #2173.
The property offers parking for approximately 6–8 cars, with alley access behind the building and additional street parking. It is also described as being within walking distance to Garfield Elementary, Stephens Middle School, and Cabrillo High School, and near Kid Admiral Park with a soccer field and community swimming pool. The Long Beach West Police Department is listed as about one block away.
The building is presented as an opportunity for a buyer to either operate the included mini market or rent the unit out, alongside the other month-to-month tenancies.
The property offers parking for approximately 6–8 cars, with alley access behind the building and additional street parking. It is also described as being within walking distance to Garfield Elementary, Stephens Middle School, and Cabrillo High School, and near Kid Admiral Park with a soccer field and community swimming pool. The Long Beach West Police Department is listed as about one block away.
The building is presented as an opportunity for a buyer to either operate the included mini market or rent the unit out, alongside the other month-to-month tenancies.
Key Highlights
- 1958 four‑unit building with upstairs apartments and downstairs retail, including an owner‑operated mini market
- 3,200 SF building with 4 units: 3 month‑to‑month rentals plus an owner‑run mini market unit
- Current rents listed: $1,850 (unit #2175), $1,750 (unit #2177), $2,300 (unit #2171), $2,300 (unit #2173 mini market)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.9k | $45.60 |
| − Vacancy | −$37.2k | −$11.63 |
| EGI | $108.7k | $33.97 |
| − OpEx | −$27.2k | −$8.49 |
| NOI | $81.5k | $25.48 |
3,200 SF · lease $45.60/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,533 @ 7.0% cap · market cap 7.10%
Second Best
Specialty Retail
$859.9K
$752.4K – $1.00M
NOI $60,192 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,929 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Off Market Nearby
- Tambuli Supermarket — 2520 Santa Fe Ave, Long Beach, CA 90810
- La Mexicana Market — 2090 Santa Fe Ave, Long Beach, CA 90810
- Vic's Place — 1653 W 25th St, Long Beach, CA 90810
- Big Saver Foods — 1500 W Willow St, Long Beach, CA 90810
FAQs
What type of property is this?
Grocery and convenience store - Four-unit building with upstairs apartments and downstairs retail, including an owner-operated mini market and 6–8 parking spaces.
Where is this grocery and convenience store located?
The property is located at 2171 Santa Fe Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 1958 four‑unit building with upstairs apartments and downstairs retail, including an owner‑operated mini market; 3,200 SF building with 4 units: 3 month‑to‑month rentals plus an owner‑run mini market unit; Current rents listed: $1,850 (unit #2175), $1,750 (unit #2177), $2,300 (unit #2171), $2,300 (unit #2173 mini market)
