Entity Owned Property summary
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.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
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Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 10,458 SF
- Lot area
- 0.4 ac
- Year built
- 1950
- Stories
- 1
- APN
- 7401-031-002
- Zoning
- LBR4R
- Assessed value · 2024
- $2,367,590
- Annual tax · 2024
- $31,380
- Office Building
- Auto Repair, Garage
- Retail Stores
- Warehouse, Storage
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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