6-Unit Apartment
For Sale
$1,350,000
3046 Santa Fe Ave, Long Beach, CA 90810
Each residence has a two-bedroom, one-bathroom layout, and utilities are individually metered.
Property Size3,520 SF
Lot Size0.11 Acres
Price / SF$383.52
Days on Market9
Property Features for 3046 Santa Fe Ave
General Information
Standard status
Active
Size
3,520 SF
Lot size
0.11 Acres
Property subtype
Multi-Family
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Utilities to Site
Yes
Building Details
Buildings
1
Listing Agency:
Morgan Skenderian
Listed By:
Rick Applebaum rma@morganskenderian.com
Source:
Findhomesinsandiegoarea
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 5 at 6:55PM
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 Morgan Skenderian
Investment Insights
Based on property information with market context.
The property contains six apartments, each configured with two bedrooms and one bathroom. The building totals 3,520 SF on a 4,928 SF lot, with onsite parking and individually metered utilities.
Key Highlights
- Six apartments, each with 2 bedrooms and 1 bathroom
- 3,520 SF building on a 4,928 SF lot
- Onsite parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,315
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,300
$1.3M
Cap Rate 7%
$961,643
$961.6K
Cap Rate 9%
$747,944
$747.9K
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$128.8K $36.60/SF
− Vacancy
−$6.4K −$1.83/SF
EGI
$122.4K $34.77/SF
− OpEx
−$55.1K −$15.65/SF
NOI
$67.3K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,300
Cap Rate 7%
$961,643
Cap Rate 9%
$747,944
Alternative Uses
Best Use
Apartment 5plus
$961.6K
$841.4K – $1.12M
NOI $67,315 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,922 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
355
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has a two-bedroom, one-bathroom layout, and utilities are individually metered.
Where is this apartment building located?
The property is located at 3046 Santa Fe Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six apartments, each with 2 bedrooms and 1 bathroom; 3,520 SF building on a 4,928 SF lot; Onsite parking
