2260 Santa Fe Ave Long Beach, CA 90810-1217
Property Lookup
Property profile & analytics
2260 Santa Fe Ave Long Beach, CA 90810-1217
- Assisted living facilities
- 10,458 SF
- 0.40 lot acres
Property ID
US09-7810994
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Assisted living facilities
Property Details for 2260 Santa Fe Ave
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.40 lot acres
- Property size
- 10,458 SF
- Zone code
- LBR4R
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 7401-031-002
- APU
- 7401031002
Description
This exceptional investment opportunity presents a 34-unit apartment building located at 2260 Santa Fe Ave and 2261 Adriatic Ave, Long Beach, CA 90810. The property consists of two adjacent parcels totaling 31,980 square feet, encompassing three one-story buildings with a combined 12,500 square feet. The unit mix includes 31 studios, one one-bedroom/one-bathroom unit, and two three-bedroom/one-bathroom units. Sixteen uncovered parking spaces and a coin-operated laundry facility are included, enhancing tenant convenience and income. Currently operating as an apartment building, the property offers a compelling value-add opportunity. The asking price is $4,080,000, translating to $120,000 per unit and $326.40 per square foot. The land value is $127.58 per square foot. The property boasts a current NOI of $300,107, resulting in a 7.36% cap rate. Pro forma NOI is projected at $376,294, yielding a 9.22% cap rate. A site plan has received conditional approval from the City of Long Beach for the legalization of a prior unpermitted conversion. The buyer may choose to proceed with this conversion or operate the property under existing zoning allowances. This prime Westside Long Beach location offers easy access to transportation, employment centers, and retail amenities. The property's strong cash flow, significant upside potential, and strategic location make it an attractive investment in a thriving market. APN: 7401-031-002, 7401-031-003. Year built: 1950.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,725,000
- ML approach
- $3,725,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,277,000
Market price range: $1.73M - $4.35M -
Alternative Use
- Use
- Estimation
- HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
- $2,890,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $6,180,000 Change: +114% Conversion: Difficult
- OFFICE BUILDING
- $3,705,000 Change: +28% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,310,000 Change: +15% Conversion: Difficult
- RETAIL STORES
- $2,940,000 Change: +2% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,905,000 Change: +1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.215
- Latitude
- 33.7984
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$31,380
$626,714
$1,740,876
$2,367,590
-
$0.00
$0.00
$0.00
