Mixed-Use Property with
For Sale
$995,000
2171 Santa Fe, Long Beach, CA 90810
Two upstairs residences complement commercial storefronts and an established mini market business.
Property Size3,200 SF
Price / SF$310.94
Days on Market48
Property Features for 2171 Santa Fe
General Information
Standard status
Active
Size
3,200 SF
Site & Location
Neighborhood
Westside
Building Details
Year Built
1958
Listing Agency:
Realty Executives Com. & Res.
Listed By:
David Gomez · License #01805497
(626) 961-2013
Source:
Myfabuloushome
Added: Sep 8
Changed: Oct 9
Last Checked: Oct 24 at 9:32PM
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 Realty Executives Com. & Res.
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Investment Insights
Based on property information with market context.
Built in 1958, this 3,200-square-foot mixed-use property combines two upstairs residential units with two commercial storefronts. An established mini market occupies one storefront, and the business is also available for purchase. Three units are occupied, while the remaining commercial space may support continued retail use or another retail or service concept, subject to buyer verification and local regulations.
The property at 2171 Santa Fe in Long Beach includes rear parking and alley access, with street visibility and proximity to schools, parks, and neighborhood amenities. Its residential and commercial components create a flexible configuration for an investor or owner-user seeking multiple occupancy types within one property.
The property at 2171 Santa Fe in Long Beach includes rear parking and alley access, with street visibility and proximity to schools, parks, and neighborhood amenities. Its residential and commercial components create a flexible configuration for an investor or owner-user seeking multiple occupancy types within one property.
Key Highlights
- 3,200‑square‑foot mixed‑use property built in 1958
- Two upstairs residential units and two commercial storefronts
- Established mini market business also available for purchase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,802
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,040
$1.4M
Cap Rate 7%
$982,886
$982.9K
Cap Rate 9%
$764,467
$764.5K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$103.7K $32.40/SF
− Vacancy
−$5.4K −$1.68/SF
EGI
$98.3K $30.72/SF
− OpEx
−$29.5K −$9.21/SF
NOI
$68.8K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,040
Cap Rate 7%
$982,886
Cap Rate 9%
$764,467
Alternative Uses
Best Use
Multifamily LT 5
$982.9K
$860.0K – $1.15M
NOI $68,802 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$874.2K
$764.9K – $1.02M
NOI $61,195 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,929 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 90810, CA
38,529
Population
10,294
Households
3.7
Avg Household Size
37
Median Age
21%
College-Educated
76%
High-School Grad
6.5 sq mi
ZIP Area
5,928
Density / Sq Mi
$82,222
Median Household Income
$39,397
Median Earnings
$1,554
Median Rent
$594,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upstairs residences complement commercial storefronts and an established mini market business.
Where is this mixed-use property located?
The property is located at 2171 Santa Fe Long Beach, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,200‑square‑foot mixed‑use property built in 1958; Two upstairs residential units and two commercial storefronts; Established mini market business also available for purchase
